Net Asset Value(s)

RNS Number : 0044S

Seneca Growth Capital VCT PLC

06 March 2019

 

Seneca Growth Capital VCT Plc (the "Company")

Net Asset Values

The Directors and the investment manager of the Company, Seneca Partners Limited, have reviewed the valuation of the Company's portfolios as at 31 December 2018.

The unaudited net asset value per share ("NAV") of an Ordinary Share as at 31 December 2018 was 65.1p*.  This is an increase of 1.7p from the previously published unaudited NAV as at 18 December 2018 of 63.4p, due to changes in the value of the quoted investments, net of the associated performance fee.

The unaudited NAV of a New B Share as at 31 December 2018 was 99.1p.  This is a decrease of 0.6p from the previously published unaudited NAV due to running costs incurred in the quarter ended 31 December 2018. The decrease is limited by the impact of the cost cap which restricts the burden of ordinary running costs on the New B Share class to 3% of the NAV of the New B Shares.

The Directors intend to announce the audited results for the 12 months ended 31 December 2018 before the end of April 2019.

*The NAV of an Ordinary Share as at 31 December 2018 is before deduction of the interim dividend of 10.0p per Ordinary Share, announced on 28 December 2018 and paid on 25 January 2019.

For further information, please contact:

John Hustler, Seneca Growth Capital VCT Plc at [e-mail]

Richard Manley, Seneca Growth Capital VCT Plc at [e-mail]

Any enquiries regarding the offer for subscription of New B Shares should be directed to:

John Davies at Seneca Partners Limited on 01942 295 981 or at [e-mail]

 

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