>
-E-learning Market Size Report (465.47 Billion by 2028) is Driven by Growing Higher Education Sector – Comprehensive Analysis by The Insight Partners-Helbiz Incorporates ChatGPT, OpenAI Technology-Commercial National Financial Corporation Reports 4th Quarter 2022 Earnings-Midland identifie plusieurs projets prometteurs pour son important potentiel en lithium dans son vaste portefeuille de propriétés à la Baie-James-Resumen: DEUTZ AG: DEUTZ inicia una cooperación con Daimler Truck para desarrollar y comercializar motores para cargas medias y pesadas-DEUTZ AG: DEUTZ enters into cooperation with Daimler Truck to develop and market medium- and heavy-duty engines-Best's Market Segment Report: Clouds on the Horizon For 2023, But Trade Credit Insurers Are in a Good Place-Crédit Agricole Loire Haute-Loire : Communiqué financier 2022-Consumer Optimism Remains Strong Despite Economic Headwinds, Per 2022 Holiday Spending Report From ACI Worldwide-Philips sees some improvement in Q4 2022 and takes firm actions to address operational challenges in an uncertain environment-Alipay and AlipayHK Cross-Border Transactions Rebound During Chinese New Year as Travels Resume- EnCap and Double Eagle Announce Equity Upsize to $2.3 Billion in Commitments and Establishment of RBL Facility-Top 10 ciudades más caras para vivir del mundo-Online Shopping Market Share, Growth [2023] | Global Online Shopping Market Size is set to Develop at a Noteworthy Speed in the Forthcoming Years till 2028-Subscriber Data Management Market 2023 | Forecast Report, 2028 | Subscriber Data Management Market Size to see Promising Growth Ahead, Latest Research study | Detailed Analysis by 106 Pages Research-Sandboxing Market Size, Share | Research Report, 2023 | Sandboxing Market Might Set a Superb Growth Development by Forecast 2023-2028 | Latest Detailed Analysis by 106 Pages Research-Biodegradable Packaging Market Share, Growth [2023] | Biodegradable Packaging Market Size Changing Rapidly Because of Financial Development and Arising Valuable Opportunities by Forecast 2023-2028 | 113 Pages Research-Doll Market 2023 (New Report) Analysis By Advanced Technology, Market Size-Share, Industry Dynamic (Drivers, Trends, Challenges, Restraints), Market Contribution, Top Companies Strategy, and Consumption Trend till 2028-Plastic Pallets Market 2023: Growing Demand Analysis by Companies Strategy, Recent Developments, Business Segments, Product and Services, Industry Position, Revenue and Forecast till 2028 Research-Diaper Market Size & Forecast 2023-2028 By Global Industry Trends, Regional Overview, Share Estimation, Emerging Technologies, Majoe Key Players, Revenue Expectation, and Business Share | Industry Research Biz

Crown Place VCT PLC: Interim Management Statement

| Source: Crown Place VCT PLC

Crown Place VCT PLC

Interim Management Statement

LEI Code: 213800SYIQPA3L3T1Q68

Introduction

I present Crown Place VCT PLC’s interim management statement for the period from 1 July 2022 to 30 September 2022.

Performance and dividends

The Company’s unaudited net asset value (NAV) as at 30 September 2022 was £86.0 million or 33.77 pence per share (excluding treasury shares), an increase of 0.07 pence per share (0.21%) since 30 June 2022.

After accounting for the first interim dividend of 0.84 pence per share which will be paid on 30 November 2022 to shareholders on the register on 4 November 2022, the NAV is 32.93 pence per share.

Albion VCTs’ Top Up Offers

A prospectus Top Up Offer of new Ordinary shares was launched on 10 October 2022. The Company’s Offer is £8.0 million, with an over-allotment facility of £3.5 million. Any election to make use of the over-allotment facility will be subject to the decision of the Board at the relevant time.

The first allotment of shares under the Offer is due to take place on 2 December 2022, and the Company intends to allot new ordinary shares based upon the latest published NAV in accordance with the Pricing Formula set out in the Prospectus.

Full details of the Offer are in a prospectus that is available on the Albion Capital website (www.albion.capital).

Portfolio

The following investments have been made during the period from 1 July 2022 to 30 September 2022:

New investments £’000 Activity
Toqio FinTech Holdings 1,017 Provider of embedded FinTech solutions
GX Molecular (T/A CS Genetics) 615 Developer of single-cell sequencing solutions
OutThink 505 SaaS platform to measure and manage human risk for enterprises
Neurofenix 432 Neurorehabilitation platform
Total new investments 2,569  
Further investments £’000 Activity
The Voucher Market (T/A WeGift) 824 A cloud platform that enables corporates to purchase digital gift cards and to distribute them to employees and customers
uMedeor (T/A uMed) 76 A middleware technology platform that enables life science organisations to conduct medical research programmes
InCrowd Sports 57 Developer of mobile apps for professional sports clubs
Brytlyt 40 A GPU database software provider
Total further investments 997  

Top ten holdings as at 30 September 2022:

Investment Carrying value

£000
% of net asset value Activity
Quantexa 10,119 11.8% Network analytics platform to detect financial crime
Proveca 4,044 4.7% Reformulation of medicines for paediatrics
Oviva 3,607 4.2% Technology enabled service business in medical nutritional therapy (MNT)
Chonais River Hydro 3,138 3.6% Owner and operator of a 2 MW hydro-power scheme in the Scottish Highlands
Radnor House School (TopCo) 3,101 3.6% Independent school for children aged 2-18
The Evewell Group 2,429 2.8% Operator and developer of women’s health centres focusing on fertility
Cantab Research (T/A Speechmatics) 2,423 2.8% Provider of low footprint automated speech recognition which can be deployed in the cloud, on premise or on device
Threadneedle Software Holding (T/A Solidatus) 2,294 2.7% Provider of data lineage software to enterprise customers in regulated sectors
The Voucher Market (T/A WeGift) 2,131 2.5% A cloud platform that enables corporates to purchase digital gift cards and to distribute them to employees and customers.
Gharagain River Hydro Limited 1,730 2.0% Owner and operator of a 1 MW hydro-power scheme in the Scottish Highlands

A full breakdown of the Company’s portfolio can be found on the Company’s webpage on the Manager’s website at www.albion.capital/funds/CRWN.

Share buy-backs

During the period from 1 July 2022 to 30 September 2022, the Company did not buy back any shares.

It remains the Board’s policy to buy back shares in the market, subject to the overall constraint that such purchases are in the Company’s interest, including the maintenance of sufficient resources for investment in existing and new portfolio companies and the continued payment of dividends to shareholders.

It is the Board’s intention for such buy-backs to be at around a 5% discount to net asset value, so far as market conditions and liquidity permit.

Material events and transactions after the period end

There have been no significant events or transactions between 1 October 2022 and 28 November 2022 that the Board is aware of which would have had a material impact on the financial position of the Company.

Further information

The Company continues to offer a dividend reinvestment scheme to existing shareholders. Details of this scheme can be found at www.albion.capital/funds/CRWN.

Further information regarding historic and current financial performance and other useful shareholder information can be found on the Company’s webpage on the Manager’s website at www.albion.capital/funds/CRWN.

Penny Freer, Chairman

28 November 2022

For further information please contact:

Vikash Hansrani

Operations Partner

Albion Capital Group LLP – Tel: 020 7601 1850

Leave a Comment