The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

Alliance News Detail


Triple Point Lifts Annual Dividend Despite Mixed Share Class Results

[ 14 Jun 2018 18:25 ]

LONDON (Alliance News) - Triple Point Income VCT PLC on Thursday posted a mixed performance across its ordinary, C, and D share classes in its most recent financial year but said it is "delighted" with the result.

For the year ended March, net asset value per ordinary share declined to 65.74 pence from 69.74p, NAV per C share rose to 112.84p from 106.49p, while NAV per D share rose to 107.98p from 105.19p.

The C share class has investments in three companies in the Hydroelectric Power sector which between them own six hydroelectric schemes in the Scottish Highlands. The D Share Class has investments in five companies in the Hydroelectric Power sector which between them own six hydroelectric schemes in the Scottish Highlands.

Triple Point proposed a final dividend of 33.06p for ordinary share holders, up from 25.56p paid the prior year. The company also paid 10.00p dividend for C share holders, doubled from 5.00p paid the year before.

"The board is delighted with the progress achieved in all share classes," said Chairman David Frank. "During the year, the investment manager successfully facilitated a rapid exit for the A share class and is currently working towards realising value for the ordinary share class."

Ordinary shares in Triple Point were untraded on Thursday, last quoted at 50p each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

Copyright 2018 Alliance News Limited. All Rights Reserved.


Triple Point Lifts Annual Dividend Despite Mixed Share Class Results - Alliance News

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds