LEI Code: 213800OVSRDHRJBMO720
Interim Management Statement
Introduction
I am pleased to present
Performance and dividends
The Company's unaudited net asset value (NAV) on
After accounting for the dividend of
Albion VCTs Prospectus Top Up Offers 2020/21
The Company launched a prospectus top up offer of new Ordinary shares on
On
Portfolio
The following investments have been made during the period from
New investments | £000s | Activity |
371 | Software company that enables enterprises to deploy Machine Learning models in production | |
uMedeor Limited (T/A uMed) | 134 | A middleware technology platform that enables life science organisations to conduct medical research programmes |
Total new investments | 505 |
Further investments | £000s | Activity |
151 | Provider of a customer service platform powered by the crowd and machine learning technology | |
130 | A technology enabled service business in medical nutritional therapy (MNT) | |
110 | Development of biopharmaceuticals through the application of a formulation technology platform | |
Total further investments | 391 |
Disposals
The following material disposals were made during the period from
£000s | ||
G. | 1,533 | Disposal of investment on a cost of £273,000 |
528 | Disposal of investment on a cost of £256,000 | |
Total proceeds | 2,061 |
In addition to the above, our holding in the
Top ten holdings (on
Investment | Carrying value £000s | % of net asset value | Activity |
10,954 | 14.1% | Encrypted email & file transfer service provider | |
6,846 | 8.8% | Network analytics platform to detect financial crime | |
5,273 | 6.8% | Reformulation of paediatric medicines | |
2,909 | 3.7% | Independent school for children aged 3-18 | |
2,148 | 2.8% | Generator of renewable energy from roof top solar installations | |
1,803 | 2.3% | A provider of process automation software | |
The Street by | 1,686 | 2.2% | Owner and operator of photovoltaic systems on domestic properties in the |
1,476 | 1.9% | A technology enabled service business in medical nutritional therapy (MNT) | |
1,455 | 1.9% | Owner and operator of community scale wind energy projects on brownfield sites in the | |
1,364 | 1.8% | Owner and operator of a 500kW wind project in the |
A full breakdown of the Company’s portfolio can be found on the Company’s webpage on the Manager’s website at www.albion.capital/funds/AAEV.
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 per cent. discount to net asset value, so far as market conditions and liquidity permit.
Material events and transactions after the period end
Portfolio
After the period end, the Company had the following material investment transactions:
- Investment of £1,360,000 in a new portfolio company,
Threadneedle Software Holding Limited (T/A Solidatus), a provider of data lineage software to enterprise customers in regulated sectors, which allows them to rapidly discover, visualise, catalogue and understand how data flows through their systems; and - Investment of £864,000 in an existing portfolio company,
Healios Limited , a provider of an online platform delivering family centric psychological care primarily to children and adolescents.
There have been no other significant events or transactions that the Board is aware of which would have a material impact on the financial position of the Company between
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/AAEV.
For further information please contact:
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