Crown Place VCT NAV per share creeps up between June and September

(Alliance News) - Crown Place VCT PLC on Monday reported that its net asset value per share had increased marginally.

Crown Place VCT is an investor in smaller unquoted UK companies.

In an interim management statement covering the period from July 1 to September 30, it said its net asset value per share at September 30 was 33.77 pence, up 0.2% from 33.70 at June 30. After accounting for the first interim dividend, of 0.84 pence per share, NAV per share is 32.93p per share.

The company made new investments in four companies, with the largest being a GBP1.0 million investment in Toqio FinTech Holdings, a provider of FinTech solutions.

It made further investments in four companies, with the largest being a GBP824,000 additional investment in The Voucher Market, a cloud platform that enables corporates to purchase digital gift cards and to distribute them to employees and customers.

Crown Place VCT's largest holding was Quantexa, which represents 12% of the company's NAV.

Shares in Crown Place VCT were trading 1.3% higher at 31.70 pence each in London on Friday afternoon.

By Chris Dorrell; [e-mail]

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