12th Nov 2019 14:16
(Alliance News) - Kings Arms Yard VCT PLC on Tuesday reported a modest rise in its net asset value per share over the quarter.
The stock was trading 2.4% lower on Tuesday in London at 20.60 pence a share.
The investment firm said its NAV per share as at September 30 stood at 22.64p per share, up 0.5% from 22.53p reported at the end of June.
Kings Arms has paid a 0.60p per share dividend at the end of October.
During the three months to the end of September, the company said it purchased back 1.3 million shares at an average price of 21.41p each, worth GBP285,000. All of the shares are to be held in treasury.
The trust said it intends to maintain its buy-backs at around a 5%.
During the period, Kings Arms said it has made one new investment of GBP488,000 in the provider of anti money laundering services, Elliptic Enterprises Ltd. It has also made five follow-on investments, for an aggregate value of GBP825,000.
In addition, the company said it has received GBP211,000 from the sale of The Wentworth Wooden Jigsaw Co Ltd.
By Evelina Grecenko; [email protected]
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