Albion EnterpriseVCT Albion Enterprise Vct Plc: Interim Management Report
30 Agosto 2023 - 5:43AM
UK Regulatory
TIDMAAEV
ALBION ENTERPRISE VCT PLC
LEI Code: 213800OVSRDHRJBMO720
Interim Management Statement
Introduction
I present Albion Enterprise VCT PLC (the "Company")'s interim
management statement for the period from 1 April 2023 to 30 June
2023.
Performance and dividends
The Company's unaudited net asset value (NAV) on 30 June 2023
was GBP129.08 million or 127.43 pence per share (excluding treasury
shares), a decrease of 1.17 pence per share (0.9%) since 31 March
2023.
After accounting for the first interim dividend for the year
ending 31 March 2024 of 3.22 pence per share to be paid on 31
August 2023 to shareholders on the register on 4 August 2023, the
NAV is 124.21 pence per share.
Fundraising and share issues
During the period from 1 April 2023 to 30 June 2023, the Company
issued the following new Ordinary shares of nominal value 1 penny
per share under the Albion VCTs Prospectus Top Up Offers
2022/23:
Issue price per share
(including costs of Net proceeds
Date Number of shares issued issue) GBP'000
-------------- ----------------------- ----------------------- ------------
14 April 2023 415,875 128.9p -- 130.2p 528
-------------- ----------------------- ----------------------- ------------
Portfolio
There have been no material investments or disposals in the
period from 1 April 2023 to 30 June 2023.
Top ten holdings (on 30 June 2023)
% of
net
Carrying value asset
Investment GBP000s value Activity
---------------- -------------- ----- ------------------------------------------------------------
Quantexa 24,319 18.8% Network analytics platform to detect financial crime.
---------------- -------------- ----- ------------------------------------------------------------
Egress Software
Technologies 12,766 9.9% Encrypted email & file transfer service provider.
---------------- -------------- ----- ------------------------------------------------------------
Proveca 6,706 5.2% Reformulation of medicines for paediatrics.
---------------- -------------- ----- ------------------------------------------------------------
Radnor House
School (TopCo) 3,883 3.0% Independent school for children aged 2-18.
---------------- -------------- ----- ------------------------------------------------------------
A technology enabled service business in medical nutritional
Oviva 3,780 2.9% therapy (MNT).
---------------- -------------- ----- ------------------------------------------------------------
Provider of an online platform delivering family centric
Healios 3,022 2.3% psychological care.
---------------- -------------- ----- ------------------------------------------------------------
The Evewell Operator and developer of women's health centres focusing
Group 2,933 2.3% on fertility.
---------------- -------------- ----- ------------------------------------------------------------
Threadneedle
Software
Holdings (t/a
Solidatus) 1,909 1.5% Provider of data lineage software.
---------------- -------------- ----- ------------------------------------------------------------
Convertr Media 1,905 1.5% Digital lead generation software.
---------------- -------------- ----- ------------------------------------------------------------
Regenerco 1,895 1.5% Generator of renewable energy from roof top solar
Renewable installations.
Energy
---------------- -------------- ----- ------------------------------------------------------------
A full breakdown of the Company's portfolio can be found on the
Company's webpage on the Manager's website at
https://www.globenewswire.com/Tracker?data=2Z_DM51jVCLx-i_hTPN1IwosSgqhegLC6VUVZfdujYfP8aeyHUHZiH3Ml4Y16sSF1GlklEPKDQsK4w_36pGrKUyvr2WwYJznrjs93yzq6lu-P0T7uem8GeqYqUu8FaK-
www.albion.capital/funds/AAEV.
Share buy-backs
During the period from 1 April 2023 to 30 June 2023, the Company
did not buy back any shares.
It remains the Board's policy to buy back shares in the market,
subject to the overall constraint that such purchases are in the
Company's interest, including the maintenance of sufficient
resources for investment in existing and new portfolio companies
and the continued payment of dividends to shareholders.
It is the Board's intention for such buy-backs to be at around a
5% discount to net asset value, so far as market conditions and
liquidity permit.
Material events and transactions after the period end
Other than as described above, there have been no material
events or transactions during the quarter and to the date of this
announcement.
Further information
The Company continues to offer a dividend reinvestment scheme to
existing shareholders. Details of this Scheme can be found at
https://www.globenewswire.com/Tracker?data=2Z_DM51jVCLx-i_hTPN1IwosSgqhegLC6VUVZfdujYeEq-PWvWemSoEu0bSJ5VpswKSZ2zazqEqG0t_i5isiFHgB3QCb9YwRI3TqGdTMZ0vY_EcgBvb0bCNCqXmk734u
www.albion.capital/funds/AAEV.
Further information regarding historic and current financial
performance and other useful shareholder information can be found
on the Company's webpage on the Manager's website at
https://www.globenewswire.com/Tracker?data=2Z_DM51jVCLx-i_hTPN1IwosSgqhegLC6VUVZfdujYcDzVrB_oNgAArWva1E4bnEYtT4pGc7qmjQHxZVj0P_JtQhVorGlHQztl7v8l7hYCgUB6AQoqsewvPhu4zuJdjM
www.albion.capital/funds/AAEV.
Maxwell Packe, Chairman
30 August 2023
For further information please contact:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
(END) Dow Jones Newswires
August 30, 2023 06:43 ET (10:43 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Albion Enterprise Vct (LSE:AAEV)
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Albion Enterprise Vct (LSE:AAEV)
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