ProVen VCT plc: Interim Management Statement
December 22 2023 - 4:36AM
ProVen VCT plc: Interim Management Statement
ProVen VCT plcInterim Management
Statement for the nine months ended 30 November
2023
ProVen VCT plc (the “Company”) presents an
Interim Management Statement for the nine-month period ended 30
November 2023. The statement also includes relevant financial
information between the end of the period and the date of this
announcement.
Performance
|
Unaudited30
November2023 |
Unaudited31
August2023 |
Unaudited31
May2023 |
Audited28
February2023 |
|
Pence |
Pence |
Pence |
Pence |
Net Asset Value per share
(“NAV”) |
65.0 |
62.7 |
64.3 |
65.5 |
Dividends paid to date* |
82.75 |
82.75 |
80.75 |
80.75 |
NAV plus dividends paid to
date |
147.75 |
145.45 |
145.05 |
146.25 |
*Dividends paid represent dividends paid since
the consolidation of 5p Ordinary Shares into 10p Ordinary Shares in
October 2012. Prior to this date, the Company paid dividends
totalling 113.95p on the 5p Ordinary Shares.
Dividends paid or declaredOn 7
November 2023, the Company announced an interim dividend for the
year ended 28 February 2024 of 1.5p per share. This dividend was
paid on 15 December 2023 to shareholders on the register at 17
November 2023. The payment of this dividend will reduce the NAV
shown above of 65.0p at 30 November 2023 to 63.5p per share.
Investment portfolio summary at 30
November 2023
|
Cost£'000 |
Valuation£'000 |
Luxury Promise Limited |
5,680 |
9,202 |
MPB Group Limited |
1,684 |
8,259 |
Infinity Reliance Limited (t/a
My 1st Years) |
4,731 |
6,987 |
Gorillini NV (t/a
Gorilla) |
2,437 |
5,985 |
Social Value Portal Ltd |
2,458 |
4,787 |
Picasso Labs, Inc. (t/a
CreativeX) |
2,729 |
4,618 |
Access Systems, Inc. (t/a
Access Pay) |
3,737 |
4,121 |
Utilis Israel Ltd (t/a
Asterra) |
1,809 |
4,023 |
DeepCrawl Holding Company,
Inc. (t/a Lumar) |
3,827 |
3,959 |
Dealroom.co B.V. |
2,707 |
3,787 |
WS HoldCo, PBC. (t/a
WiredScore) |
3,733 |
3,660 |
Lupa Foods Limited |
694 |
3,343 |
Dash Brands Ltd |
2,718 |
3,247 |
Not Another Beer Co Ltd (t/a
Lucky Saint) |
2,797 |
2,797 |
Chattermill Analytics
Limited |
2,793 |
2,793 |
Papier Ltd |
2,770 |
2,770 |
Litchfield Media Limited |
1,405 |
2,739 |
Yardlink Ltd |
2,680 |
2,680 |
Moonshot CVE Ltd |
1,388 |
2,385 |
Doctify Limited |
2,222 |
2,222 |
Other
venture capital investments |
52,914 |
26,170 |
Total venture capital investments |
107,913 |
110,534 |
Cash at
bank and in hand |
|
56,085 |
Other
net current assets |
|
1,227 |
Net assets |
|
167,846 |
Unquoted investments are valued at fair values
established using the International Private Equity and Venture
Capital Valuation Guidelines.
Investment activity during the
three-month period ended 30 November 2023
Investment additions
|
£’000 |
MOTH Drinks Ltd |
84 |
|
84 |
|
|
|
|
There has been no investment activity in the
period from 1 December 2023 to the date of this announcement.
Changes to share
capital |
OrdinarySharesof 10p
each |
As at 1 September 2023 |
259,258,564 |
Shares bought back during the 3 months to 30 November 2023 |
(1,143,648) |
Shares issued during the 3 months to 30 November 2023 |
- |
As at 30 November 2023 |
258,114,916 |
In the period from 1 December 2023 to the date
of this announcement, 1,075,458 Ordinary Shares were issued under
the Company’s Dividend Reinvestment Scheme (“DRIS”) in relation to
the dividend paid on 15 December 2023.
Material eventsOther than the
matters described above, there were no material events during the
period from 1 September 2023 to 30 November 2023 or in the period
from 1 December 2023 to the date of this announcement.
Further informationFurther
information regarding the Company can be found on Beringea's
dedicated VCT website: www.proveninvestments.co.uk or by contacting
Beringea, the Investment Manager at provenvcts@beringea.co.uk or by
telephone 020 7845 7820.
Beringea LLPCompany SecretaryTelephone 020 7845
7820-End
Proven Vct (LSE:PVN)
Historical Stock Chart
From Sep 2024 to Oct 2024
Proven Vct (LSE:PVN)
Historical Stock Chart
From Oct 2023 to Oct 2024