Octopus Apollo VCT plc : Portfolio update

Octopus Apollo VCT plc : Portfolio update
OCTOPUS APOLLO VCT PLC ('Apollo')
 
23 February 2017
 

Portfolio update

 

Following the merger of Octopus Eclipse VCT PLC ("Eclipse") and Apollo on 19 December 2016, Apollo announces that the top 10 Investee companies by book cost at that date were:

Top 10 Investee CompaniesBook cost as at 19 December 2016 £000s 
 
1. Clifford Thames Group Limited 13,318  
2. Healthcare and Services Technology Limited 7,186  
3. Vista Retail Support Limited 6,758  
4. Anglo European Group Limited 5,000  
5. Coupra Limited 5,000  
6. Dyscova Limited 4,700  
7. Tanganyika Heat Limited 4,108  
8. Winnipeg Heat Limited 3,719  
9. Aquaso Limited 3,500  
10. Countrywide Healthcare Supplies Limited 2,675  
Total of Top 10 55,964 
Other 52 49,215  
Grand Total105,179 

The top 10 investments excludes two Investment Companies (total combined book cost of £10 million included in Grand Total). Please note that at the date of the merger, 30 companies were transferred from Eclipse to Apollo, bringing the total number of holdings in Apollo to 62 (including Investment Companies).

Across the combined portfolio, 17 Investee companies were valued above the investment cost at the date of the merger. A further 20 were valued below the investment cost. The remaining 25 Investee companies were held at the investment cost.

From 31 July 2016 to the merger on 19 December 2016, there was a net cash outflow from Apollo of £12 million, leaving a balance of approximately £24 million at the date of the merger (19 December 2016). The inflows and outflows during the period were:

  £million £million
Cash balance as at 31 July 2016 36.0
Inflows    
Disposals 14.4  
Liquidation of Investment Companies 15.0  
Funds raised  6.1  
Loan interest  1.0 36.5
Outflows    
Dividends (33.0)  
Dividends to D Ordinary shareholders following the merger of the share class (14.0)  
Management & admin expenses  (0.8)  
Buybacks  (0.7) (48.5)
Cash balance as at 19 December 2016 24.0

For further information please contact:


Nicola Board

Company Secretary

020 7776 8663


 



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Octopus Apollo VCT plc via Globenewswire

UK 100

Latest directors dealings