Octopus VCT 2 PLC Octopus Vct 2 Plc : Interim Management Statement
June 05 2014 - 8:21AM
UK Regulatory
TIDMOVC2
Octopus VCT 2 PLC
Interim Management Statement
5 June 2014
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus VCT 2 plc ("Company") presents an Interim
Management Statement for the period 1 January 2014 to 30 April 2014. The
statement also includes relevant financial information between the end
of the period and the date of this statement.
Financial Summary
4 months to 30 April 2014 Year to 31 December 2013
Net assets (GBP'000s) 19,299 19,337
Return on ordinary
activities before tax
(GBP'000s) (11) 1,222
Net asset value per share 100.5p 100.6p
('NAV')
Proposed dividend per - 2.5p*
share
*This dividend, if approved by shareholders at the AGM, will be paid on
4 July 2014 to shareholders on the register on 6 June 2014.
Performance
As at 30 April 2014 the NAV of the Company was 100.5p, compared with
100.6p as at 31 December 2013. This small decrease in the NAV was due to
the standard running costs of the company exceeding its income.
There have been no changes to any unquoted investment valuations since
the year ended 31 December 2013.
Investment activity
The loan to Borro Loan 2 Limited for GBP1,000,000 was fully repaid on 19
February 2014, plus all interest accrued to date.
Top ten investment portfolio by value as at 30 April 2014
Carrying value
Company Sector GBP'000 % of Net Assets
Sula Power Limited Solar 1,224 6.3%
5AM Music Limited Media 1,000 5.2%
Superior Heat
Limited Ground Source Heat 1,000 5.2%
Winnipeg Heat
Limited Anaerobic Digestion 1,000 5.2%
Howbery Solar Park
Limited Solar 676 3.5%
Aashman Power
Limited Solar 613 3.2%
Donoma Power
Limited Solar 613 3.2%
Meri Power Limited Solar 613 3.2%
Kala Power Limited Solar 612 3.2%
Tonatiuh Trading 1
Limited Solar 612 3.2%
Buybacks
On 23 April 2014 the Company bought back 22,000 Ordinary shares at a
price of 90.5p per share.
Material events and transactions
The Board is not aware of any other significant event or transaction
which has occurred between 1 May 2014 and the date of the publication
of this statement which would have a material impact on the financial
position on the Company.
For further information please contact:
Benjamin Davis - Fund Manager
Octopus Investments Limited - 0800 316 2347
ENDS
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Octopus VCT 2 PLC via Globenewswire
HUG#1791010
http://www.octopusinvestments.com/
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