HgCapital Trust PLC Q1 2023 Report to 31 March 2023 (3269Z)
May 15 2023 - 2:00AM
UK Regulatory
TIDMHGT
RNS Number : 3269Z
HgCapital Trust PLC
15 May 2023
H gCapital Trust plc
Legal Entity Identifier: 213800J7QUJJBEFSIN38
Q1 2023 report to 31 march 2023
London, 15 May 2023: HgCapital Trust plc ('HGT'), today
announces its Q1 results for the period ended 31 March 2023 .
Highlights over the period include:
! Strong portfolio trading continued to be the main driver of
performance, contributing to a total return NAV increase of 4.0%,
closing the period at 470.6p NAV per share and net assets of GBP2.2
billion
! Share price total return of -0.9% over the period, closing at
343.0p per share and a market capitalisation of GBP1.6 billion
! Revenue and EBITDA growth of 30% and 27% respectively across
the top 20 investments (77% of the portfolio) over the last twelve
months.
! As previously disclosed, the secondary sale of 25% of Hg
Genesis 8 completed in Q1 priced at 100% of NAV (as at 31 December
2022) and delivering GBP91 million back to HGT, valued at 3.2x
cost. A further GBP135 million post-period, including proceeds from
the previously announced realisation of Transporeon which completed
in April.
! Further investments completed in Q1, deploying GBP16
million.
! Final dividend of 4.5p per share proposed, to be paid in May
(full year dividend of 7.0p per share).
! Available liquid resources of GBP647 million (30% of NAV) and
outstanding commitments of GBP1.0 billion (47% of NAV), including
all announced transactions and the proposed dividend to be paid in
May.
HGT's resilient portfolio has continued to trade well over the
first quarter of 2023. The broader operating environment remains
challenging, however, the strong market positions and pricing power
evident across the companies in the HGT portfolio, has supported
their strong performance.
HGT's Q1 2023 Report and a presentation from Hg to accompany the
results are available to view at:
https://www.hgcapitaltrust.com/investors/results-and-presentations/year/2023
- Ends -
For further details:
HgCapital Trust plc
Laura Dixon (Senior Investor Relations
Manager, Hg) +44 (0) 78 2459 2894
Brunswick
Azadeh Varzi +44 (0)20 7404 5959
About HgCapital Trust plc
HgCapital Trust plc is an investment company whose shares are
listed on the London Stock Exchange (HGT.L). HGT gives investors
exposure, through a liquid vehicle, to a portfolio of high-growth
unquoted companies, managed by Hg, a leading investor in European
and transatlantic software and services businesses.
For further details, see www.hgcapitaltrust.com and
www.hgcapital.com
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