Albion KAY VCT PLC's Strong Half-Year Performance Review
Albion KAY VCT PLC Overview
Albion KAY VCT PLC stands out as an important player in the investment sector. The Company has unveiled its latest Half-yearly Financial Report, capturing the attention of shareholders and potential investors alike. This update offers a detailed snapshot of the Company’s operations and financial health over the six months leading up to mid-year.
Financial Performance Highlights
The strategic initiatives taken by the Directors of Albion KAY VCT PLC have led to notable achievements in the period under review. Here are the significant highlights:
- Total return reached 1.94 pence per share, translating to a robust growth rate of 9.5% based on the opening net asset value—a considerable increase compared to the previous year's 0.81 pence per share.
- The net asset value per share has shown substantial improvement, rising to 21.78 pence from 20.37 pence at the end of the previous year.
- These favorable results are complemented by a fund size expansion, which grew to £122.6 million from £105.5 million.
- Shareholders received a dividend of 0.51 pence per share during this period, maintaining a steady return compared to 0.52 pence per share in the prior year.
- Subsequent to the reporting period, the sale of Egress yielded over seven times the initial cost, signifying a lucrative exit for the Company.
Dividend Declarations
The Board is committed to providing value to shareholders and has declared a second dividend of 0.54 pence per share for the year ending 31 December 2024. This payment is scheduled for 25 October 2024, rewarding shareholders who are registered as of 4 October 2024.
In addition to the regular dividend, a special dividend of 1.00 pence per share has also been declared, with the same payment date and registration requirements. This dual approach reflects the Company’s confidence in its financial trajectory and commitment to its investor base.
Accessing the Half-Yearly Financial Report
Investors and interested parties can view the comprehensive Half-yearly Financial Report for the six months ending 30 June 2024, which is attached to the official announcement. For those seeking more details or related insights, the report is also accessible on the Company’s webpage on the Manager's website.
Contact Information
For additional inquiries regarding Albion KAY VCT PLC, interested parties can reach out to:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
Frequently Asked Questions
What is the total return per share reported by Albion KAY VCT PLC?
The total return per share reported is 1.94 pence, indicating an impressive return of 9.5% based on the opening net asset value.
How has the net asset value per share changed?
The net asset value per share has increased from 20.37 pence to 21.78 pence, demonstrating solid growth.
What dividends have been declared by the Company?
The Company declared a second dividend of 0.54 pence and a special dividend of 1.00 pence per share, both payable on 25 October 2024.
How can one access the Half-yearly Financial Report?
The Half-yearly Financial Report is attached to the announcement and is also available on the Company's webpage on the Manager's website.
Who should be contacted for more information?
For more information, investors should contact Vikash Hansrani, Operations Partner at Albion Capital Group LLP via telephone at 020 7601 1850.
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