Net Asset Value(s)

Draper Esprit VCT plc (“the Company”)
LEI: 2138003I9Q1QPDSQ9Z97
Net Asset Value and portfolio
26 September 2019

The Company announces that its unaudited Net Asset Value (NAV) as at 31 August 2019 was 56.2p per Ordinary Share.

The investment portfolio and net assets of the Company, as at 31 August 2019, were as follows:

	Cost	Valuation 31 August 2019 (unaudited)	Valuation movement in since 31 March 2019	% of portfolio by value
	£’000	£’000	£’000
Ten largest venture capital investments (by value)
Fords Packaging Topco Limited	2,433	6,979	-	15.42%
Access Intelligence plc	2,886	4,539	(166)	10.03%
Lyalvale Express Limited	1,915	2,570	-	5.68%
StreetTeam Software Limited	1,286	1,964	-	4.34%
IESO Digital Health Limited	1,900	1,900	-	4.20%
Pod Point Holding Limited	860	1,745	-	3.86%
Push Dr Limited	1,556	1,556	-	3.44%
Endomagnetics Limited	912	912	-	2.02%
Fulcrum Utility Services Limited	386	853	(257)	1.89%
Resolving Limited	799	799	-	1.77%
	14,933	23,817	(423)	52.64%
Other venture capital investments
Evonetix Limited	793	793	-	1.75%
IXL PremFina Limited	756	756	-	1.67%
Crowdcube Limited	400	713	-	1.58%
Back Office Technology Limited	700	700	-	1.55%
Roomex UK Limited	616	616	-	1.36%
Cashfac plc	260	525	-	1.16%
Apperio Limited	500	500	-	1.11%
Hadean Supercomputing Limited	400	400	-	0.88%
AppUx Limited	326	326	-	0.72%
Light Blue Optics Limited	311	311	-	0.69%
Macranet Limited	1,037	259	-	0.57%
Servoca plc	333	120	-	0.27%
Sift Limited	125	42	-	0.09%
Location Sciences Group plc (formerly Proxama plc)	860	9	2	0.02%
Kellan Group plc	657	2	-	-
Baldwin & Francis Limited	1,534	-	-	-
AngloINFO Limited	3,527	-	-	-
Uvenco UK plc	1,326	-	-	-
The National Solicitors Network Limited	501	-	-	-
Ridee Limited	499	-	-	-
The QSS Group Limited	268	-	-	-
RB Sport & Leisure Holdings plc	188	-	-	-
Infoserve Group plc	128	-	-	-
EDO Consulting Limited (formerly Sift Digital Limited)	125	-	-	-
	16,170	6,072	2	13.42%
	31,103	29,889	(421)	66.06%
Cash at bank and in hand		15,356		33.94%
Total investments		45,245		100.00%

Unaudited Balance Sheet
As at 31 August 2019

				31 Aug 2019			31 Mar 2019
			£’000	£’000		£’000	£’000
Fixed assets
Investments				29,889			28,678
Current assets
Debtors			143			48
Cash at bank and in hand			15,356			10,455
			15,499			10,503
Creditors: amounts falling due within one year			(209)			(212)
Net current assets				15,290			10,291
Net assets				45,179			38,969
Capital and reserves
Called up share capital				4,022			3,436
Capital redemption reserve				608			599
Share premium account				6,388			-
Merger reserve				1,828			1,828
Special reserve				22,020			22,545
Capital reserve – unrealised				7,981			8,403
Capital reserve – realised				2,175			2,174
Revenue reserve				157			(16)
Total equity shareholders’ funds				45,179			38,969
Basic and diluted net asset value per share				56.2p			56.7p