Octopus AIM VCT 2 plc
Portfolio Update
The investment portfolio of Octopus AIM VCT 2 plc (the ‘Company’) as at 13 September 2023 is as follows (the valuations being the unaudited valuations, at bid price, as at 31 July 2023):
Portfolio company | Sector | Book cost (£’000) | Movement in valuation (£’000) | Fair Value (£’000) |
Ergomed plc | Pharmaceuticals & Biotechnology | 784 | 4,484 | 5,268 |
Hasgrove plc1 | Unquoted Investment | 153 | 4,190 | 4,343 |
Breedon Group plc | Construction & Materials | 573 | 2,902 | 3,475 |
Judges Scientific plc | Electronic & Electrical Equipment | 188 | 2,673 | 2,861 |
Equipmake Holdings plc | Software & Computer Services | 1,300 | 1,421 | 2,721 |
Popsa Holdings Ltd1 | Unquoted Investment | 1,060 | 1,419 | 2,479 |
IDOX plc | Software & Computer Services | 356 | 1,997 | 2,353 |
Learning Technologies Group plc | Software & Computer Services | 701 | 1,618 | 2,319 |
Craneware plc | Health Care Providers | 479 | 1,646 | 2,125 |
SDI Group plc | Electronic & Electrical Equipment | 119 | 1,860 | 1,979 |
Netcall plc | Software & Computer Services | 356 | 1,588 | 1,944 |
Sosandar plc | Retailers | 1,235 | 673 | 1,908 |
Brooks Macdonald Group plc | Investment Banking & Brokerage Services | 610 | 948 | 1,558 |
Animalcare Group plc | Pharmaceuticals & Biotechnology | 824 | 620 | 1,444 |
GB Group plc | Software & Computer Services | 337 | 1,042 | 1,379 |
Vertu Motors plc | Retailers | 777 | 532 | 1,309 |
Intelligent Ultrasound Group plc | Medical Equipment & Services | 1,437 | (146) | 1,291 |
Maxcyte Inc | Pharmaceuticals & Biotechnology | 690 | 463 | 1,153 |
Spectral MD Holdings Ltd1 | Health Care Providers | 1,410 | (311) | 1,099 |
PCI-Pal plc | Software & Computer Services | 732 | 281 | 1,013 |
Nexteq plc | Technology Hardware | 338 | 653 | 991 |
EKF Diagnostics Holdings plc | Medical Equipment & Services | 737 | 225 | 962 |
Next 15 Group plc | Media | 302 | 619 | 921 |
Diaceutics plc | Health Care Providers | 620 | 196 | 816 |
Itaconix plc | Industrial | 1,059 | (249) | 810 |
Access Intelligence plc | Software & Computer Services | 501 | 155 | 656 |
Clean Power Hydrogen plc | Alternative Energy | 1,200 | (573) | 627 |
Beeks Financial Cloud Group plc | Software & Computer Services | 302 | 319 | 621 |
Ilika plc | Electronic & Electrical Equipment | 706 | (87) | 619 |
Feedback plc | Medical Equipment & Services | 1,000 | (396) | 604 |
Libertine Holdings plc | Industrial Engineering | 2,000 | (1,400) | 600 |
Cambridge Cognition Holdings plc | Health Care Providers | 400 | 149 | 549 |
Gamma Communications plc | Telecommunications Service Providers | 183 | 345 | 528 |
Ixico plc | Pharmaceuticals & Biotechnology | 697 | (224) | 473 |
LungLife AI Inc | Pharmaceuticals & Biotechnology | 1,386 | (937) | 449 |
RWS Holdings plc | Industrial Support Services | 143 | 295 | 438 |
Oberon Investments Group plc | Investment Banking & Brokerage Services | 576 | (147) | 429 |
Osirium Technologies plc (Loan notes) | Software & Computer Services | 400 | – | 400 |
Gooch & Housego plc | Technology Hardware & Equipment | 281 | 115 | 396 |
TPXimpact Holdings plc | Software & Computer Services | 653 | (327) | 326 |
ENGAGE XR Holdings plc | Software & Computer Services | 1,253 | (934) | 319 |
Advanced Medical Solutions Group plc | Medical Equipment & Services | 190 | 101 | 291 |
Mattioli Woods plc | Investment Banking & Brokerage Services | 101 | 182 | 283 |
Crimson Tide plc | Software & Computer Services | 378 | (101) | 277 |
Velocity Composites plc | Aerospace & Defence | 533 | (270) | 263 |
Evgen Pharma plc | Pharmaceuticals & Biotechnology | 700 | (437) | 263 |
Creo Medical Group plc | Medical Equipment & Services | 981 | (730) | 251 |
Gear4music Holdings plc | Leisure Goods | 353 | (104) | 249 |
MyCelx Technologies Corporation | Oil, Gas & Coal | 980 | (752) | 228 |
DP Poland plc | Travel & Leisure | 678 | (454) | 224 |
Restore plc | Industrial Support Services | 171 | 36 | 207 |
GENinCode plc | Medical Equipment & Services | 800 | (596) | 204 |
Renalytix plc | Health Care Providers | 228 | (30) | 198 |
KRM22 plc | Closed End Investments | 454 | (259) | 195 |
Verici Dx plc | Pharmaceuticals & Biotechnology | 444 | (249) | 195 |
Northcoders Group plc | Software & Computer Services | 253 | (93) | 160 |
Polarean Imaging plc | Medical Equipment & Services | 458 | (305) | 153 |
Glantus Holdings plc | Industrial Support Services | 782 | (636) | 146 |
Gelion plc | Electronic & Electrical Equipment | 760 | (624) | 136 |
Velocys plc | Alternative Energy | 664 | (530) | 134 |
Cordel Group plc | Software & Computer Services | 296 | (188) | 108 |
Eluceda Limited1 | Unquoted Investment | 200 | (92) | 108 |
The Food Marketplace Ltd1 | Unquoted Investment | 200 | (100) | 100 |
ReNeuron Group plc | Pharmaceuticals & Biotechnology | 990 | (892) | 98 |
Strip Tinning Holdings plc | Electronic & Electrical Equipment | 337 | (246) | 91 |
XP Factory PLC | Travel & Leisure | 659 | (576) | 83 |
DXS International plc | Software & Computer Services | 200 | (125) | 75 |
Enteq Upstream plc | Oil, Gas & Coal | 687 | (632) | 55 |
Mears Group plc | Industrial Support Services | 51 | (1) | 50 |
Falanx Cyber Security Limited | Industrial Support Services | 600 | (560) | 40 |
Fusion Antibodies plc | Health Care Providers | 497 | (460) | 37 |
WANdisco plc | Software & Computer Services | 52 | (17) | 35 |
Abingdon Health plc | Medical Equipment & Services | 347 | (313) | 34 |
1Spatial plc | Software & Computer Services | 200 | (169) | 31 |
Rosslyn Data Technologies plc | Software & Computer Services | 286 | (260) | 26 |
Genedrive Plc | Pharmaceuticals & Biotechnology | 145 | (122) | 23 |
Tasty plc | Travel & Leisure | 336 | (317) | 19 |
Rated People Ltd1 | Unquoted Investment | 236 | (222) | 14 |
Osirium Technologies plc | Software & Computer Services | 900 | (892) | 8 |
LoopUp Group plc | Software & Computer Services | 197 | (193) | 4 |
Haydale Graphene Industries plc | Industrial Materials | 399 | (396) | 3 |
Trackwise Designs plc | Technology Hardware & Equipment | 1,289 | (1,286) | 3 |
Microsaic Systems plc | Electronic & Electrical Equipment | 922 | (921) | 1 |
Location Sciences Group plc | Software & Computer Services | 509 | (509) | – |
Airnow plc | Unquoted Investment | 838 | (838) | – |
The British Honey Company plc | General Retailers | 880 | (880) | – |
1 Denotes unlisted company
Since 31 July 2023 Octopus AIM VCT 2 plc has made £0.3 million investments and £0.1 million disposals.
Unless otherwise stated, all the investments set out above:
Breedon Group – Jersey
Maxcyte Inc – USA
VR Education Holdings plc – Ireland
Falanx Group Limited – British Virgin Islands
Mycelx – USA
Glantus Holdings plc – Republic of Ireland
Spectral MD Holdings Ltd – USA
Current Asset Investments (unaudited)
Portfolio company | Book cost (£’000) | Fair Value (£’000) |
FP Octopus Microcap Growth Fund | 5,012 | 5,565 |
FP Octopus Multi Cap Income Fund | 4,057 | 4,195 |
FP Octopus Future Generations Fund | 720 | 593 |
BlackRock ICS Sterling Liquidity Fund | 6,425 | 6,425 |
HSBC Sterling Liquidity Fund | 6,426 | 6,426 |
Since 31 July 2023 there has been a disposal of £0.1 million from the current asset investments.
The capitalisation of Octopus AIM VCT 2 plc as at 31 July 2023 was as follows:
Shareholders' Equity | £’000s | |
Called up Equity Share Capital | 16 | |
Legal reserves | 0 | |
Other reserves | 85,840 | |
Total | 85,856 |
There has been no material change to the capitalisation since 31 July 2023.
For further information please contact:
Rachel Peat
Octopus Company Secretarial Services Limited
Tel: +44 (0)80 0316 2067
LEI: 213800BW27BKJCI35L17