Albion Technology & General VCT PLC Reports Successful Half-Yearly Results
Albion Technology & General VCT PLC: Half-Yearly Financial Highlights
Albion Technology & General VCT PLC
LEI Number: 213800TKJUY376H3KN16
Half-Yearly Financial Report for the Six Months Ending June 30, 2024
The Directors at Albion Technology & General VCT PLC are thrilled to present the Company's Half-Yearly Financial Report, which outlines impressive results for the six months leading to June 30, 2024. Below are some of the key highlights that demonstrate the Company’s resilience and growth.
Notable Financial Highlights
During this period, the Company achieved remarkable growth and several significant financial benchmarks:
- Total return stood at 4.99 pence per share, marking a 6.9% increase on the opening Net Asset Value. This reflects a slight increase from 4.74 pence per share recorded on June 30, 2023.
- The net asset value of the Company rose to 75.09 pence per share, compared to 71.99 pence per share as of December 31, 2023.
- Albion Technology & General VCT PLC reported a fund size of £143.8 million, an increase from £127.3 million as of the end of last year.
- Dividends for the period included a total of 1.80 pence per share, marginally down from 1.82 pence per share in the same period last year.
- Significantly, the sale of Egress post-period concluded with returns exceeding seven times the original investment.
Dividend Announcement
In addition to these financial achievements, the Board has announced a second dividend payment of 1.88 pence per ordinary share. This payment is set to be distributed on December 6, 2024, to shareholders recorded by November 15, 2024.
Researching Further Information
For those interested in diving deeper into the financial outcomes and operational trends, the complete Half-Yearly Financial Report is available for review. It gives detailed insights and comprehensive data regarding the Company’s performance.
Additional Resources
The information can be accessed through the Company’s dedicated website. Prospective investors or stakeholders are encouraged to look at the resources provided there for a thorough understanding of ongoing developments.
Contact Information
For further inquiries, 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 for the reporting period?
The total return per share for the six months ended June 30, 2024, was 4.99 pence, reflecting a 6.9% increase on the opening Net Asset Value.
When will the second dividend be paid?
The second dividend of 1.88 pence per ordinary share will be paid on December 6, 2024, to shareholders registered by November 15, 2024.
How has the Company's net asset value changed?
The net asset value per share increased from 71.99 pence at the end of December 2023 to 75.09 pence by June 30, 2024.
What major sales occurred during this period?
Significantly, the sale of Egress occurred post-period, yielding over seven times the initial investment cost to shareholders.
Where can I find more detailed financial reports?
Detailed financial reports can be accessed on the Company’s website where comprehensive information is made available for stakeholders.
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