Albion Crown VCT PLC's Thriving Portfolio and Future Outlook

Albion Crown VCT PLC: Interim Management Overview

Welcome to the latest interim management statement for Albion Crown VCT PLC, where we share insights regarding our performance and ongoing strategies as we navigate the investment landscape.

Company Merger and Share Class Developments

Recently, our company finalized a significant merger with Albion Venture Capital Trust PLC, enhancing our capability to serve our investors. This merger established a new C share class (CRWC), designed to convert into ordinary shares (CRWN) based on relative Net Asset Value as of a future date. We foresee this conversion completing by late 2026, further solidifying our long-term strategy.

Financial Performance and Dividend Updates

The unaudited net asset value (NAV) for ordinary shares as of the end of March was recorded at £113.7 million, translating to 31.35 pence per share. This marks a modest increase of 0.58% from the previous quarter.

After the payment of a dividend amounting to 0.78 pence per share, our NAV adjusted to 30.57 pence. Likewise, for our C shares, the NAV showed a slight decline, now standing at 42.07 pence after accounting for a recent dividend.

Successful Fundraising Initiatives

In a show of confidence from our investors, we recently opened a Top Up Offer for new ordinary shares, which has successfully reached its £30 million limit, including oversubscriptions. This rapid response reflects the trust and support we have garnered from the market, emphasizing the demand for opportunities within our structured offerings.

Investment Strategy and Portfolio Support

Reviewed by our Board, our strategy now emphasizes supporting existing portfolio companies. By concentrating our efforts here, we ensure adequate cash resources for follow-on investments, share buybacks, and dividend distributions. This proactive management reinforces our commitment to a sustainable financial future for our shareholders.

Highlighting New Investments

During the period, we made key investments in innovative companies spanning various sectors:

• Latent Technology Group: Investing in reinforcement learning-based animation with a commitment of £621,000.
• Scripta Therapeutics: Supporting AI-enabled drug discovery with an investment of £139,000.
• Innerworks Technology: Focusing on adaptive security with a commitment of £109,000.
• Pastel Health: Investing £31,000 in a digital-first multi-specialty care provider.

These investments highlight our dedication to fostering innovation and supporting companies that promise substantial growth potential.

Strategic Share Buy-backs and Future Intentions

While no buy-backs occurred during this reporting period, we maintain a policy that prioritizes the purchase of shares when it's in the company's interest. Aligning with our strategy, these buybacks are conveniently planned to occur at approximately a 5% discount to NAV, contingent on favorable market conditions.

Material Events and Transactions

After the concluded period, we issued additional ordinary shares under the Albion VCTs Prospectus Top Up Offers. This proactive approach ensures we can continue responding to market needs and maximize shareholder value.

Further reinforcing our shareholder commitment, new ordinary and C shares were made available under our dividend reinvestment scheme, reaffirming our strategy of agile market response.

Further Information and Contact Details

For a comprehensive analysis of our financial performance and tailored shareholder services, we encourage you to visit our website. Direct inquiries can be addressed to Vikash Hansrani, Operations Partner at Albion Capital Group LLP, reachable via telephone.

We appreciate your continued trust and investment as we advance through an evolving market landscape. Together, we aim to achieve sustained growth and robust shareholder value.

Frequently Asked Questions

What is the current NAV for Albion Crown VCT PLC?

The unaudited NAV for ordinary shares is currently £113.7 million, which equates to 31.35 pence per share.

How does the recent merger affect shareholders?

The merger with Albion Venture Capital Trust PLC has resulted in a new C share class that aims to enhance shareholder value through strategic growth and potential conversions.

What is Albion Crown VCT's investment focus now?

The current focus is on supporting existing portfolio companies to ensure adequate resources for investments, dividends, and buybacks.

Are there plans for share buybacks in the future?

Yes, the policy remains to buy back shares at a 5% discount to NAV if market conditions allow.

Who can I contact for more information regarding my investment?

Investors can reach out to Vikash Hansrani at Albion Capital Group LLP at 020 7601 1850 for any inquiries.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

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