30th May 2019 14:45
LONDON (Alliance News) - Albion Development VCT PLC said Thursday its net asset value rose in the first quarter of 2019, following one new investment during the period.
The venture capital trust reported a net asset value per share as at March 31 at 86.16 pence, up from 78.20p the same date the year before, and from 84.70p at the end of 2018.
During the period, Albion Development made one new investment of GBP400,000 into machine learning software developer Avora Ltd.
Post-period, Albion Development made four new investments worth GBP1.5 million, and one disposal worth GBP1.4 million.
In addition, the trust noted that Chair Geoffrey Vero had died on May 19 after 12 years in the role since 2007.
"Geoffrey's good humour and wise counsel, over many years, will be sorely missed. Our thoughts
and condolences are with his family at this difficult time," the trust said.
Shares in Albion Development VCT were untraded on Thursday, last quoted at 77.50 pence.
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Albion. Dev Vct