AADV Albion Development VCT

Albion Development VCT PLC: Half-yearly Financial Report

Albion Development VCT PLC: Half-yearly Financial Report

Albion Development VCT PLC

LEI Number : 213800FDDMBD9QLHLB38

24 September 2024

Albion Development VCT PLC (the "Company")

Half-yearly Financial Report for the six months to 30 June 2024

Results announcement

The Company's Directors are pleased to attach the Company's Half-yearly Financial Report for the six months to 30 June 2024.  The highlights include:

  • Total return of 9.50 pence per share (10.7% on opening Net asset value) (30 June 2023: 5.15 pence per share)
  • Net asset value of 95.91 pence per share (31 December 2023: 88.70 pence per share)
  • £142.8 million fund size (31 December 2023: £119.6 million)
  • Dividend paid of 2.22 pence per share in the period (30 June 2023: 2.22 pence per share)
  • Sale of Egress after the period end, returning over 7 times cost.



The Board has declared a second dividend of 2.40 pence per Ordinary share to be paid on 30 September 2024 to shareholders on the register on 13 September 2024. The Board has also declared a special dividend of 3.00 pence per share, payable on 25 October 2024 to shareholders on the register on 4 October 2024.

The Half-yearly Financial Report for the six months to 30 June 2024 is attached to this announcement. Alternatively, copies are available on the Company’s webpage on the Manager’s website at:

For further details about the Company please either visit the Company's webpage on the Manager’s website:

or contact:

Vikash Hansrani

Operations Partner

Albion Capital Group LLP

Telephone: 020 7601 1850

Attachment



EN
24/09/2024

Underlying

AADVAlbion Development VCT

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