Chrysalis VCT PLC Proposes Final Dividend, Payable on February 28, 2017; Reports Earnings Results for the Year Ended of October 31, 2016
December 22, 2016 at 09:45 pm IST
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Chrysalis VCT PLC announced that subject to shareholder approval at the forthcoming AGM, the board is proposing to pay a final 2016 dividend of 3.25 pence per share on February 28, 2017 to shareholders on the register at February 3, 2017.
The company reported earnings results for the year ended of October 31, 2016. For the period, the company reported income of GBP 603,000 compared to GBP 733,000 a year ago. Return on ordinary activities before tax was GBP 1,945,000 compared to GBP 1,994,000 a year ago. Return attributable to equity Shareholders was GBP 1,945,000 compared to GBP 1,994,000 a year ago. Basic and diluted return per share was 6.5 pence compared to 6.7 pence a year ago. Net asset value per share was 80.8 pence compared to 81.3 pence a year ago. Net cash outflow from operating activities was GBP 103,000 compared to GBP 146,000 a year ago.
Chrysalis VCT plc is a venture capital trust (VCT). The Company's principal investment objectives are to achieve long term capital growth and generate tax-free income for its shareholders principally from private equity and alternative investment market (AIM) investments, and comply with the VCT regulations to enable shareholders to retain the initial income tax relief and ongoing tax reliefs. The Company focuses on holding a portfolio of venture capital investments, consisting of unquoted companies, but also, including a proportion of investments in companies trading on AIM. The Company invests in companies across a range of sectors, to fund expansion, acquisitions, management buyouts or turn around opportunities. The Company focuses on holding over 70% of its investments in a portfolio of VCT-qualifying companies. The Company focuses on holding a portfolio consisting of bonds issued by companies and institutions. The Company's investment manager is Chrysalis VCT Management Limited.
CHRYSALIS VCT PLC 
