TP70 2010 VCT PLC Interim Management Statement (1828X)
08 Januar 2014 - 12:54PM
UK Regulatory
TIDMTP7V
RNS Number : 1828X
TP70 2010 VCT PLC
08 January 2014
TP70 2010 VCT plc
8 January 2014
TP70 2010 VCT plc has pleasure in submitting its Interim
Management Statement for the period ended 30 November 2013. This
constitutes the Company's second Interim Management Statement for
the year ended 28 February 2014, as required by the UK Listing
Authority's Disclosure and Transparency Rule 4.3.
Net assets at 30 November 2013 comprised:
30 November 2013 31 August 2013 29 February 2013
Unaudited Unaudited Audited
GBP'000 % investments GBP'000 % investments GBP'000 % investments
-------- -------------- -------- -------------- -------- --------------
VCT qualifying
unquoted investments 5,757 78.2 5,757 76.9 5,757 75.2
Non VCT qualifying
investments:
GAM Trading
1.25XL 605 8.2 705 9.4 743 9.7
Derivative 979 13.3 1,003 13.4 1,104 14.4
Cash and cash
equivalents 25 0.3 23 0.3 52 0.7
-------- -------------- -------- -------------- -------- --------------
Total Investments 7,366 100.0 7,488 100.00 7,656 100.0
-------- -------------- -------- -------------- -------- --------------
Other assets
& liabilities 8 (71) (55)
-------- -------- --------
Net assets 7,374 7,417 7,601
-------- -------- --------
Net asset value
per share 84.31p 84.81p 86.91p
The reduction in net asset value per share for the quarter
reflects an GBP18,000 excess of running expenses over loan interest
income and a GBP25,000 unrealised loss on the Company's GAM
exposure.
The qualifying investment portfolio can be categorised as
follows:
Electricity Generation
Solar Anaerobic Landfill Total Qualifying
Industry Sector Cinema Digitisation PV Digestion Gas Investments
---------------------------- -------------------- -----------------
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
---------------------------- -------------------- -------- ----------- --------- -----------------
Investments at 30 November
2013 1,000 3,392 725 640 5,757
---------------------------- -------------------- -------- ----------- --------- -----------------
Qualifying Investments
% 17.37% 58.92% 12.59% 11.12% 100.00%
---------------------------- -------------------- -------- ----------- --------- -----------------
The Company has an overall exposure of 22% to GAM Trading
comprising both a derivative and direct exposure to GAM Trading
1.25XL. With leverage this exposure equates to 43% of the Company's
net asset value.
Material Events and Transactions
During the period no shares were issued and no shares were
purchased by the Company for cancellation.
Further Information
For further information, please contact Claire Ainsworth or
Chris Tottle at Triple Point Investment Management LLP on 0207 201
8989.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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