Albion Enterprise VCT PLC Reveals Strong Half-Year Results

Albion Enterprise VCT PLC Half-Yearly Results Overview

Albion Enterprise VCT PLC, renowned for its innovative approach in the venture capital sector, recently published its half-yearly financial report for the period ending on 30 September. This release highlights several key metrics that emphasize the company's performance and resilience in a fluctuating economic landscape.

Financial Highlights

The Directors of Albion Enterprise VCT PLC have shared compelling figures from the report. Notably, the total return stands at 8.51 pence per share, marking a positive turn compared to the loss of 2.87 pence per share from the same period last year.

Net Asset Value Growth

Another significant aspect of the report is the net asset value (NAV), which increased to 131.21 pence per share as of 30 September, up from 125.77 pence per share recorded on 31 March. This growth signals the board's effective management of the company’s investments, enhancing shareholder value.

Fund Size Expansion

The fund size also witnessed an upward trend, expanding to £145.7 million from £140.1 million over the same period. This increase showcases the confidence investors have in Albion and its strategy moving forward.

Dividend Announcements

Albion Enterprise VCT PLC has declared several dividends that highlight its commitment to returning value to shareholders. A second dividend of 3.28 pence per share for the fiscal year ending 31 March 2025 has been approved, with the payment scheduled for 28 February 2025. This earlier-than-anticipated payout demonstrates the company’s robust financial health and willingness to reward its investors promptly.

Special Dividend Following Egress Sale

Moreover, the board declared a special dividend of 13.50 pence per share, which has already been distributed on 25 October. This dividend was made possible through the successful sale of Egress Software Technologies, which returned over seven times the initial investment. Such a move not only reflects smart investment decisions but also illustrates Albion's capacity to generate lucrative exits.

Accessing the Financial Report

The complete Half-yearly Financial Report is accessible to all stakeholders and interested parties. For detailed insights, a copy can be downloaded directly from the company's webpage on the Manager’s site. This initiative ensures transparency and provides essential data for investors looking to understand the company's financial status better.

Further Company Information

For those seeking more information about Albion Enterprise VCT PLC and its operations, you can navigate to the company’s webpage. The management maintains a commitment to providing current and potential shareholders with updates and necessary details through their online platforms.

Contact Information

Should you have any inquiries or require further assistance, please reach out to Vikash Hansrani, Operations Partner at Albion Capital Group LLP, by dialing 020 7601 1850. The team is always ready to assist and provide insights to the shareholders.

Frequently Asked Questions

What is the total return per share for Albion Enterprise VCT PLC?

The total return reported is 8.51 pence per share.

How much has the net asset value increased?

The net asset value increased from 125.77 pence to 131.21 pence per share.

When will the next dividend be paid?

The second dividend of 3.28 pence per share will be paid on 28 February 2025.

What led to the special dividend declaration?

The special dividend of 13.50 pence per share was declared following the successful sale of Egress Software Technologies.

Who can I contact for more information about the company?

For further details, you can contact Vikash Hansrani at Albion Capital Group LLP.

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