20th Feb 2020 12:18
Alliance News) - Income & Growth VCT PLC on Thursday said its performance deteriorated in the quarter to the end of 2019.
The stock was 1.4% lower in London in afternoon trade at 70.00 pence a share.
The investment company said NAV per share as at the end of 2019 was 76.53p compared to 79.12p reported at the end of September 2019.
Income & Growth VCT said it bought back 452,946 shares at a price of 70.75p per share.
The company said it has completed three investments during the period. Some GBP1.5 million were invested into Data Discovery Solutions Ltd, a provider of file analysis software. Another GBP960,000 were invested into IPV Ltd, a developer of media asset management software. Finally, GBP720,000 were invested in Bleach London Holdings Ltd, a hair colourants company.
Meanwhile, the company said it sold its investment in Pattern Analytics Ltd for GBP2.7 million and Turner Topco Ltd for GBP5.3 million.
By Evelina Grecenko; [email protected]
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