Portfolio Update

Portfolio Update

Octopus AIM VCT 2 plc

1 8 August 202 1

Portfolio Update

The investment portfolio of Octopus AIM VCT 2 plc (the "Company") as at 18 August 2021 is as follows (the valuations being the unaudited valuations, at bid price, as at 31 July 2021):

Investee Company Sector Book cost (£000) Movement in valuation (£000) Fair Value (£000)
Learning Technologies Group plc Software and Computer Services 701 5,935 6,636
Ergomed plc Pharmaceuticals and Biotechnology 849 5,243 6,092
Breedon Group plc Construction and Materials 573 4,573 5,146
GB Group plc Software and Computer Services 337 4,442 4,779
Maxcyte, Inc. Pharmaceuticals and Biotechnology 690 2,867 3,557
Craneware plc Health Care Providers 479 2,881 3,360
EKF Diagnostics Holdings plc Medical Equipment and Services 864 2,430 3,294
Hasgrove plc* Media 153 2,898 3,051
Trackwise Designs plc Technology Hardware and Equipment 1,289 1,744 3,033
SDI Group plc Technology Hardware and Equipment 119 2,797 2,916
Animalcare Group plc Pharmaceuticals and Biotechnology 824 1,906 2,730
Sosandar plc Retailers 1,235 1,381 2,616
IDOX plc Software and Computer Services 356 2,192 2,548
Gear4music (Holdings) PLC Leisure Goods 353 2,006 2,359
Panoply Holdings plc Software and Computer Services 653 1,465 2,118
Judges Scientific plc Electronic and Electrical Equipment 209 1,908 2,117
Ilika plc Energy 706 1,334 2,040
Renalytix plc Health Care Providers 228 1,757 1,985
Brooks Macdonald Group plc Investment Banking and Brokerage Services 610 1,154 1,764
PCI-Pal plc Software and Computer Services 732 990 1,722
Ixico plc Pharmaceuticals and Biotechnology 697 996 1,693
Intelligent Ultrasound Group plc Medical Equipment and Services 1,220 398 1,618
Netcall plc Software and Computer Services 356 1,221 1,577
Creo Medical Group plc Medical Equipment and Services 981 587 1,568
VR Education Holdings plc Software and Computer Services 1,253 315 1,568
LungLife AI, Inc. Pharmaceuticals and Biotechnology 1,386 150 1,536
Next Fifteen Communications Group plc Media 344 1,145 1,489
Quixant plc Technology Hardware and Equipment 391 1,010 1,401
Popsa Holdings Ltd* Software and Computer Services 780 618 1,398
Access Intelligence plc Software and Computer Services 501 846 1,347
ReNeuron Group plc Pharmaceuticals and Biotechnology 1,016 170 1,186
Spectral MD Holdings Limited Health Care Providers 1,410 (335) 1,075
Gamma Communications plc Telecommunications Service Providers 183 808 991
Glantus Holdings plc Industrial Support Services 1,200 (235) 965
RWS Holdings plc Industrial Support Services 99 857 956
Verici Dx plc Pharmaceuticals and Biotechnology 264 685 949
Cambridge Cognition Holdings plc Health Care Providers 400 543 943
Gooch & Housego plc Technology Hardware and Equipment 281 637 918
Diaceutics plc Health Care Providers 620 261 881
Adept Technology Group Plc Telecommunications Service Providers 502 372 874
Vertu Motors plc Retailers 776 94 870
British Honey Company Limited Retailers 840 31 871
Advanced Medical Solutions Group plc Medical Equipment and Services 495 364 859
Fusion Antibodies plc Health Care Providers 497 245 742
In the Style Group Plc Retailers 667 73 740
Beeks Financial Cloud Group plc Software and Computer Services 301 356 657
Polarean Imaging Plc Medical Equipment and Services 458 175 633
GENinCode UK Ltd. Medical Equipment and Services 800 (182) 618
Restore plc Industrial Support Services 171 418 589
Vectura Group plc Pharmaceuticals and Biotechnology 332 228 560
Clinigen Group plc Pharmaceuticals and Biotechnology 469 (3) 466
Synairgen plc Pharmaceuticals and Biotechnology 98 337 435
Cloudcall Group plc Software and Computer Services 624 (203) 421
Evgen Pharma plc Pharmaceuticals and Biotechnology 700 (280) 420
Osirium Technologies plc Loan Notes Software and Computer Services 400 0 400
Crimson Tide plc Software and Computer Services 378 (25) 353
Mattioli Woods plc Investment Banking and Brokerage Services 101 251 352
Oberon Investments Group plc Investment Banking and Brokerage Services 320 16 336
DXS International plc Software and Computer Services 200 75 275
Rosslyn Data Technologies plc Software and Computer Services 286 (16) 270
Maestrano Group plc Software and Computer Services 295 (69) 226
DP Poland plc Travel and Leisure 678 (457) 221
Falanx Group Ltd. Industrial Support Services 600 (390) 210
The Food Marketplace Ltd* Retailers 200 0 200
Eluceda Limited* Pharmaceuticals and Biotechnology 200 0 200
MyCelx Technologies Corp Oil, Gas and Coal 980 (785) 195
Trellus Health plc Health Care Providers 109 74 183
WANdisco plc Software and Computer Services 96 85 181
Airnow plc* Software and Computer Services 838 (663) 175
Escape Hunt plc Travel and Leisure 659 (493) 166
KRM22 plc Closed End Investments 454 (295) 159
TP Group plc Aerospace and Defense 452 (301) 151
Genedrive Plc Pharmaceuticals and Biotechnology 241 (90) 151
Verici DX plc Pharmaceuticals and Biotechnology 40 106 146
Abingdon Health plc Medical Equipment and Services 347 (206) 141
Feedback plc Medical Equipment and Services 200 (60) 140
Osirium Technologies plc Software and Computer Services 900 (770) 130
Velocity Composites plc Aerospace and Defense 533 (408) 125
Enteq Upstream plc Oil, Gas and Coal 687 (574) 113
Parsley Box Group plc Personal Care, Drug and Grocery Stores 142 (50) 92
LoopUp Group plc Software and Computer Services 197 (120) 77
Tasty plc Travel and Leisure 336 (280) 56
Microsaic Systems plc Electronic and Electrical Equipment 922 (886) 36
Mears Group plc Software and Computer Services 50 (17) 33
Rated People Ltd* Software and Computer Services 236 (205) 31
Diurnal Group plc Pharmaceuticals and Biotechnology 88 (61) 27
1Spatial plc Software and Computer Services 200 (178) 22
Haydale Graphene Industries plc Industrial Materials 399 (381) 18
Midatech Pharma plc Pharmaceuticals and Biotechnology 400 (398) 2
Location Sciences Group plc Software and Computer Services 509 (508) 1

Nektan plc is also in Octopus AIM 2's portfolio but has not been included in the above table as it is currently in administration and Octopus AIM 2 has written down its equity and loan note interest in this company to zero.

Since 31 July 2021 Octopus AIM 2 has made no new investments.

Since 31 July 2021 Octopus AIM 2 has made no disposals.

Unless otherwise stated, all the investments set out above:

- are quoted on public markets;
- represent equity investments except in the case of Nektan plc and Osirium Technologies plc which include investment through loan stock; and
- are in portfolio companies incorporated in the UK with the exception of:

Breedon Group plc – Jersey
Maxcyte Inc – USA
VR Education Holdings plc – Ireland
Falanx Group Limited – British Virgin Islands
MyCelx Technologies Corp – USA
Nektan plc – Gibraltar

*Denotes unlisted company

Current Asset Investments (unaudited)

Investee Company Sector Book cost (£000) Movement in valuation (£000) Fair Value (£000)
Octopus UK Micro Cap Growth Fund n/a 3,740 3,328 7,068
Octopus UK Multi Cap Income Fund n/a 3,926 1,205 5,131
Money Market Funds n/a 3,486 0 3,486

Since 31 July 2021 there have been no new investments or disposals of current asset investments.

The capitalisation of Octopus AIM 2 as at 31 July 2021 was as follows:

Shareholders' Equity   £000’s
Called up Equity Share Capital 13
Legal Reserves 47,180
Other reserves 83,130
Total 130,323

There has been no material change to the capitalisation since 31 July 2021.

For further information, please contact:

Uloma Adighibe

Octopus Company Secretarial Services Limited
Tel: 020 3935 4186


UK 100

Latest directors dealings