11th Jan 2013 16:07
Replacement
The headline for the "TP10 VCT Plc" announcement released on 11 January 2013 at 15.47 under RNS No 4016V should read "Interim Management Statement" and not "3rd Quarter Results" as previously stated.
The announcement text is unchanged and is reproduced in full below.
TP10 VCT plc
11 January 2013
Interim Management Statement for the quarter ended 30 November 2012
TP10 VCT plc has pleasure in submitting its Interim Management Statement for the period ended 30 November 2012. This constitutes the Company's second Interim Management Statement for the financial year ending 28 February 2013, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
Net assets at 30 November 2012 comprised:
30 November 2012 | 31 August 2012 | 29 February 2012 | |||||||||
Unaudited | Unaudited | Audited | |||||||||
£'000 | % investments | £'000 | % investments | £'000 | % investments | ||||||
VCT qualifying unquoted investments | 22,888 | 85.9 | 22,888 | 86.0 | 17,863 | 64.6 | |||||
Non VCT qualifying investments: | |||||||||||
Unquoted investments | 3,292 | 12.4 | 3,590 | 13.5 | 1,965 | 7.1 | |||||
Money Market | - | - | - | 295 | 1.1 | ||||||
26,180 | 98.3 | 26,478 | 99.5 | 20,123 | 72.8 | ||||||
Cash and cash equivalents | 469 | 1.7 | 133 | 0.5 | 7,535 | 27.2 | |||||
Total Investments | 26,649 | 100.0 | 26,611 | 100.00 | 27,658 | 100.0 | |||||
Other assets & liabilities | (32) | (8) | (85) | ||||||||
Net assets | 26,617 | 26,603 | 27,573 | ||||||||
Net asset value per share | 88.20p | 88.15p | 91.37p | ||||||||
Investment Activity
The Company satisfied the requirement of being 70% invested in qualifying investments a year ahead of its target date. Qualifying and non-qualifying unquoted investments represent 98% of total investments. The Board therefore believes that the Company is well placed to deliver returns to shareholders over the longer term and expects that this will result in the net asset value per share increasing, before taking account of any dividends.
The investment portfolio can be analysed as follows:
Electricity Generation | |||||||
Industry Sector | Cinema Digitisation | Hydro Project Management | Solar PV | Anaerobic Digestion | Landfill | Finance | Total Unquoted Investments |
£'000 | £'000 | £'000 | £'000 | £'000 | £'000 | £'000 | |
Investments at 31 August 2012 | 6,900 | 813 | 11,200 | 2,975 | 1,000 | 3,590 | 26,478 |
Investments disposed of during the period | - | - | - | - | - | (298) | (298) |
Investments at 30 November 2012 | 6,900 | 813 | 11,200 | 2,975 | 1,000 | 3,292 | 26,180 |
Unquoted Investments % | 26.06% | 3.07% | 42.30% | 11.24% | 3.78% | 13.56% | 100.00% |
Material Events and Transactions
During the period no shares were issued and no shares were purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or Chris Tottle at Triple Point Investment Management LLP on 0207 201 8989.
Related Shares:
Citi Fun 32