Albion Technology & General VCT PLC: Financial Update Overview
Albion Technology & General VCT PLC Overview
Albion Technology & General VCT PLC
LEI Code: 213800TKJUY376H3KN16
Albion Technology & General VCT PLC (the "Company") has released its Half-yearly Financial Report for the six months concluding on 30 June. This document provides valuable insights into the performance and strategy of the company during this period.
Financial Performance Highlights
The results statement shared by the Company's Directors outlines the significant aspects of business performance and financial stability. Here’s a brief summary:
- The Company experienced a loss of 0.58 pence per share for this period, representing an 0.8% decrease from its opening net asset value. This contrasts with a more favorable return of 4.99 pence per share noted in the previous year.
- As of 30 June, the net asset value stood at 70.70 pence per share, a slight decline compared to 73.04 pence per share observed at the end of December.
- Total fund size has increased to £268.7 million, a notable growth from £251.3 million recorded in December.
- The Company has declared a dividend of 1.83 pence per share during this half-year, which is marginally up from 1.80 pence per share last year.
Dividends and Future Outlook
Looking ahead, the Board has declared a second dividend of 1.77 pence per Ordinary share for the fiscal year ending 31 December. This payment is scheduled for 31 October and will be distributed to shareholders registered by 3 October.
These dividend announcements indicate the Company’s commitment to providing returns to its shareholders, despite the recent financial losses. A consistent dividend payment often reflects a company’s operational confidence and future growth opportunities.
Document Availability and Compliance
The Half-yearly Financial Report for the period ending 30 June is readily accessible and aims to ensure transparency with the Company’s stakeholders. It is also important to note that in accordance with the UK Listing Rules, a copy of the report is to be submitted to the National Storage Mechanism for public inspection, further endorsing the Company’s adherence to regulatory obligations.
For additional insights and details regarding Albion Technology & General VCT PLC, stakeholders are encouraged to visit the Company’s official webpage.
Contact Information
For inquiries related to the Company or its operations, please reach out to:
Vikash Hansrani
Operations Partner
Albion Capital Group LLP
Telephone: 020 7601 1850
Frequently Asked Questions
What is Albion Technology & General VCT PLC?
Albion Technology & General VCT PLC is a venture capital trust that focuses on investing in technology and general companies.
What were the key financial results for the half-year?
The Company reported a loss of 0.58 pence per share and a net asset value of 70.70 pence per share, with a fund size growth to £268.7 million.
Are dividends being paid out during this period?
Yes, dividends of 1.83 pence per share have been declared for the period, with a future payment of 1.77 pence per share announced.
Where can I find the Half-yearly Financial Report?
The Half-yearly Financial Report is available for download on the Company’s official webpage.
Who can I contact for more information?
For further inquiries, you can contact Vikash Hansrani, Operations Partner at Albion Capital Group LLP.
About The Author
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