Performance at month end

RNS Number : 5075G

HgCapital Trust PLC

07 June 2013

 



HgCapital Trust plc ("the Trust")

All information is at 31 May 2013 and unaudited.

Historical total return (with net income reinvested) performance at month end

	One month %	Three months  %	One year  %	Three years % p.a.	Five years  % p.a.	Ten years  % p.a.
Net asset value (diluted)	0.4%	0.5%	19.0%	13.2%	6.3%	16.1%
Net asset value (basic)	0.4%	0.5%	17.9%	13.9%	6.5%	16.2%
Share price	(2.1%)	0.3%	26.1%	14.1%	7.2%	18.6%
FTSE All-Share Index	2.9%	5.0%	30.1%	12.9%	6.2%	9.6%

Sources: HgCapital, Factset

Financials as at 31 May 2013 (see below for pro-forma financials)

Net asset value:*
Diluted	1,239.1p
Basic	1,249.7p
Share price ordinary shares:	1,126.0p
Ordinary share price discount to NAV:
Diluted	9.1%
Basic	9.9%
Share price subscription shares:	107.3p
Total net assets:	£444.5m
Net yield:	2.0%
Market Capitalisation:	£400.5m
Gearing:	Nil%
Ordinary shares in issue:	35,564,185
Subscription shares in issue:	1,760,513
*  includes 5 months net revenue of 20.59p

The NAV is recalculated monthly with respect to cash, cash equivalents and quoted investments in the portfolio and foreign exchange movements on the unquoted investments. Unquoted investments were last revalued at 31 December 2012.

Sector	Total Assets
	%
Technology & Media	36.7
Services	12.0
Industrials	7.4
Healthcare	6.7
Renewable Energy	5.0
Consumer & Leisure	3.5
Other	2.2
Cash and other liquid assets	26.5
	100.0

Ten Largest Investments                                           

Company	Total Assets %		Sector
Visma	7.5		Technology & Media
TeamSystem	6.1		Technology & Media
Iris Software Group	6.0		Technology & Media
Lumesse	4.9		Technology & Media
ATC	4.5		Services
Achilles	4.3		Technology & Media
JLA	3.9		Services
Voyage	3.4		Healthcare
NetNames	3.4		Technology & Media
SimonsVoss	3.0		Industrials
	47.0

Pro-forma financials

Following the deadline for submitting instructions in respect of the 31 May 2013 Subscription date, the Trust can confirm that Subscription rights were exercised over 1,439,684 shares in total and pursuant to the instructions received, the Board of the Trust will shortly approve the issue and allotment of 1,439,684 Ordinary shares.  These shares will be admitted to trading during June 2013 and the aggregate proceeds to be raised are £14,756,761.

The pro-forma financial information below represents the 31 May 2013 month-end financials, adjusted for the above share issue and subsequent proceeds expected during June 2013, and the sale of ATC as announced on 3 June 2013.

Net asset value:
Diluted	1,247.0p
Basic	1,249.0p
Ordinary share price discount to NAV:
Diluted	9.7%
Basic	9.8%
Total net assets:	£462.2m
Ordinary shares in issue:	37,003,869
Subscription shares in issue:	320,829

07 June 2013

 

END

 

 

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