Albion Venture Capital Trust confirms fourth-quarter increase in net asset value

The board intends to continue with share buybacks, which will be at around a 5% discount to the net asset value, so far as market conditions and liquidity permit.

Proactive Published 01/03/2022

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Albion Venture Capital Trust PLC confirmed that the company’s net asset value (NAV) at the end of 2021 was £54.8mln, equivalent to 52.9p per share.

After taking account of the second special dividend of 7.00 pence per share paid on 31 December 2021, this represents an increase of 1.10 pence per share (2.12%) in the final quarter of 2021, the company said in its interim management statement.

So far in 2022, the company has made the following material investments:

Investment of £1,310,000 in an existing portfolio company, Seldon Technologies Limited, a software company that enables enterprises to deploy Machine Learning models in production; and
Investment of £653,000 in an existing portfolio company, Cantab Research Limited (T/A Speechmatics), a provider of low footprint automated speech recognition which can be deployed in the cloud, on-premise or on device across over 31 languages; and
Investment of £202,000 in an existing portfolio company, NuvoAir Holdings Inc, a provider of digital therapeutics and decentralised clinical trials for respiratory conditions.