29th Jul 2019 18:28
(Alliance News) - Pembroke VCT PLC on Monday said its net asset value per share improved for both share classes in its most recent year.
As at March 31, the company's NAV per ordinary share stood at 138.27 pence and its NAV per B share was 111.90p. This compares to a 124.03p ordinary share NAV and 108.12p B share NAV the year before.
In October, the company paid dividend of 3p each for both its ordinary and B shares, and is recommending a final 3p dividend to shareholders. In financial 2018, the company's final dividend was 2.0p per share.
The company conducted a GBP30 million subscription offer in 2019 and is planning a new fundraise in the autumn.
Chair Joathan Djangoly said: "Funds raised in the recently closed B ordinary share offer will be deployed in a continuation of the current strategy of investing in high quality opportunities and selective follow-on investments in the existing portfolio. The management team continue to evaluate a wide range of new opportunities, seeing the existing strategy is capable of producing strong investments in a sector in which we have significant domain expertise."
Pembroke's ordinary shares closed untraded at 98.00p while its B shares also closed untraded, at 102.50p.
Related Shares:
PEMV.L