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LONDON - Albion Enterprise VCT PLC (LON:AAEV) reported a 0.4% decrease in its unaudited net asset value (NAV) for the quarter ending June 30, 2025, according to a press release statement issued Wednesday.
The company’s NAV fell to £277.3 million, or 115.72 pence per share, representing a decline of 0.50 pence per share from March 31, 2025. After accounting for the first dividend payment of 2.91 pence per share paid on August 29, the NAV stands at 112.81 pence per share.
During the quarter, Albion Enterprise VCT made new investments totaling £5.66 million across three companies: £3.39 million in Total Access Health, a platform for streamlining access to minor health issues; £2 million in Labrys Group Holdings, a communications platform for defense; and £267,000 in Revgentic, which provides infrastructure for pipeline conversion.
The company also made further investments of £5.07 million across eight existing portfolio companies, with the largest allocations going to Get Least (£1.24 million), Gravitee TopCo (£1.21 million), and Phasecraft (£1.01 million).
As of June 30, Quantexa remained the fund’s largest holding, representing 19.5% of net assets with a carrying value of £54.07 million. Other significant holdings include Oviva (6.2%) and Proveca (5.3%).
The company did not repurchase any shares during the period as it was in a close period. The board stated its intention to continue its policy of buying back shares at around a 5% discount to NAV, subject to market conditions and liquidity.
On May 20, 2025, the company completed the cancellation of its share premium account following court approval, creating additional distributable reserves of £195.5 million for dividends, share buy-backs, and other corporate purposes.
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