LEI Code 213800FDDMBD9QLHLB38
Interim Management Statement
Introduction
I present
Performance and dividends
The Company's unaudited net asset value (NAV) on
Fundraising and share issues
During the period from
Date | Number of shares issued | Issue price per share | Net invested £’000 |
444,130 | 383 |
The Company announced on
Portfolio
The following investments have been made during the period from
Further investments | £000s | Activity |
1,450 | A technology enabled service business in medical nutritional therapy (MNT) | |
334 | Operator and developer of women’s health centres focusing on fertility | |
70 | Provider of automated software testing and an enhanced learning experience for artificial neural networks | |
Total further investments | 1,854 |
Top ten holdings (on
Investment | Carrying value £000s | % of net asset value | Activity |
14,911 | 15.6% | Network analytics platform to detect financial crime | |
8,291 | 8.7% | Encrypted email & file transfer service provider | |
7,534 | 7.9% | ||
5,219 | 5.5% | A technology enabled service business in medical nutritional therapy (MNT) | |
3,254 | 3.4% | Independent school for children aged 2-18 | |
2,472 | 2.6% | Predictive analytics for consumer brands | |
2,381 | 2.5% | Operator and developer of women’s health centres focusing on fertility | |
The Street by | 2,280 | 2.4% | Owner and operator of photovoltaic systems on domestic properties in the |
2,247 | 2.4% | Owner and operator of a 2 MW hydro-power scheme in the | |
1,946 | 2.0% | Generator of renewable energy from roof top solar installations |
Share buy-backs
During the period from
It remains the Board’s policy to buy back shares in the market, subject to the overall constraint that such purchases are in the Company’s interest, including the maintenance of sufficient resources for investment in existing and new portfolio companies and the continued payment of dividends to shareholders.
It is the Board’s intention for such buy-backs to be at around a 5% discount to net asset value, so far as market conditions and liquidity permit.
Material events and transactions after the period end
After the period end, the Company had the following material investment transactions:
- Proceeds of £1,327,000 received from the sale of
MPP Global Solutions Limited on a cost of £1,000,000; and - Investment of £344,000 in an existing portfolio company,
Elliptic Enterprises Limited , a provider of Anti Money Laundering services to digital asset institutions.
Other than as described above, there have been no material events or transactions during the quarter and to the date of this announcement.
Further information
Further information regarding historic and current financial performance and other useful shareholder information can be found on the Company’s webpage on the Manager’s website at www.albion.capital/funds/AADV.
For further information please contact:
Vikash Hansrani
Operations Partner
Telephone: 020 7601 1850
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