Molten Ventures VCT plc Net Asset Value And Dividend Outlook
14 Februar 2023 - 11:48AM
UK Regulatory
TIDMMVCT
Molten Ventures VCT plc
LEI: 2138003I9Q1QPDSQ9Z97
Net Asset Value and Dividend Outlook
14 February 2023
Molten Ventures VCT plc ("the Company") announces that its
estimated unaudited Net Asset Value ("NAV") of the Company at 31
December 2022 was 51.2p per share.
The Board has reviewed updated projections incorporating the
updated NAV and considered the potential impact on dividends. The
Board has a target to pay a tax-free dividend of approximately 5%
of the Company's prevailing NAV per annum, subject to liquidity,
VCT regulations and Listing Rules. The Board notes that, in order
to ensure continued compliance with the VCT regulations, subject to
the level of profitable realisations that may be achieved from the
portfolio, and movements of AIM-quoted holdings, the dividend level
may be lower than the target in the next financial year. The Board
will continue to review the dividend target on an ongoing basis and
maintains its intention to pay dividends. It should be noted that
any amounts that are not paid out as dividends will remain as funds
within the net assets of the Company.
(END) Dow Jones Newswires
February 14, 2023 05:48 ET (10:48 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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