Interim Management Statement
for the three months ended
Performance
| Unaudited 30 November 2019 | Unaudited | Unaudited 31 May 2019 | Audited 28 February 2019 |
Pence | Pence | Pence | Pence | |
Net Asset Value per share (“NAV”) | 61.3 | 63.2 | 67.2 | 68.4 |
Dividends paid since class launch (originally as ‘C’ Shares)* | 64.4 | 62.9 | 60.9 | 60.9 |
Total Return (NAV plus dividends paid since ‘C’ Share class launch) | 125.7 | 126.1 | 128.1 | 129.3 |
* Dividends paid represents dividends paid in respect of the Original 'C' Shares between their launch in 2006 up until their conversion in 2009 and as Ordinary Shares since the 'C' Share conversion. 'C' Shares were converted into Ordinary Shares on a one for one basis in 2009.
Dividends paid or declared
On
Investment portfolio summary at
Portfolio summary
Valuation | |
Venture capital investments | £’000 |
5,947 | |
4,814 | |
Dryden | 4,761 |
4,516 | |
3,795 | |
3,619 | |
3,532 | |
3,497 | |
3,302 | |
3,254 | |
Other investments | 34,926 |
75,963 | |
Cash at bank | 49,405 |
Other net current liabilities | (2,380) |
Net Assets | 122,988 |
Quoted investments are valued at the closing bid price at
Investment activity during the three month period ended
Investment additions
£’000 | |
3,107 | |
3,107 |
Investment disposals
| Cost | Market value at | Disposal proceeds | Gain against cost | Realised gain in period |
£’000 | £’000 | £’000 | £’000 | £’000 | |
Rapid Charge Grid Limited* | 472 | 472 | 472 | - | - |
- | - | 239 | 239 | 239 | |
472 | 472 | 711 | 239 | 239 |
* Loan note disposal.
** Disposal proceeds represent contingent proceeds, including consideration in the form of shares in Netcall plc.
Investment activity from
£’000 | ||
Our | 2,800 | |
897 | ||
3,697 |
Investment disposals
There were no investment disposals in the period from
Changes to share capital | Ordinary Shares of 1.6187p each |
As at | 188,021,663 |
Shares bought back during the 3 months to | (368,285) |
Shares issued during the 3 months to | 12,919,100 |
As at | 200,572,478 |
In the period from
In addition, 771,780 Ordinary Shares were issued under the Company’s Dividend Reinvestment Scheme in relation to the dividend paid on
Material events
ProVen VCT plc and
Other than the matters described above, there were no material events during the period from
Further information
Further information regarding the Company, can be found on
Company Secretary
Telephone 020 7845 7820
-End
© OMX, source