Albion Technology & General VCT PLC: Half-Year Financial Highlights
Albion Technology & General VCT PLC
LEI Number: 213800TKJUY376H3KN16
Half-Yearly Financial Report for the Period Ending June 30, 2024
The Directors of Albion Technology & General VCT PLC are excited to share the Company’s Half-Yearly Financial Report, which details strong results for the six months leading up to June 30, 2024. Below are the key highlights that showcase the Company’s ongoing resilience and growth during this timeframe.
Key Financial Highlights
Throughout this half-year, the Company achieved impressive growth and met several important financial benchmarks:
- Total return reached 4.99 pence per share, representing a 6.9% increase from the opening Net Asset Value. This marks an improvement from the 4.74 pence per share recorded on June 30, 2023.
- The Company’s net asset value increased to 75.09 pence per share, up from 71.99 pence per share as of December 31, 2023.
- Albion Technology & General VCT PLC's fund size has grown to £143.8 million, a rise from £127.3 million at the end of last year.
- During this period, dividends totaled 1.80 pence per share, slightly lower than the 1.82 pence per share distributed during the same time last year.
- A notable highlight was the sale of Egress, which concluded after the reporting period, yielding returns that exceeded seven times the original investment.
Dividend Announcement
Exploring More Information
For anyone looking to delve deeper into the financial results and operational trends, the complete Half-Yearly Financial Report is available for review. This report provides thorough insights and detailed data regarding the Company’s performance.
Additional Resources
Interested individuals can access this information through the Company’s dedicated website. Prospective investors and stakeholders are encouraged to explore the resources available there to gain a full understanding of the current developments.
Contact Information
If you have further inquiries, please 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 ending June 30, 2024, was 4.99 pence, indicating a 6.9% rise in the opening Net Asset Value.
When will the second dividend be paid?
The second dividend of 1.88 pence per ordinary share is scheduled to be paid on December 6, 2024, to shareholders who are 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?
Notably, the sale of Egress took place after the reporting period, achieving returns of over seven times the initial investment cost.
Where can I find more detailed financial reports?
More detailed financial reports can be accessed on the Company’s website, providing extensive information for stakeholders.
