Chrysalis VCT PLC Announces Interim Dividend, Payable on July 31, 2014; Announces A One-Off Special Dividend, Payable on July 31, 2014; Announces Unaudited Earnings Results for the Six Months Ended April 30, 2014
June 24, 2014 at 07:13 am EDT
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Chrysalis VCT PLC announced that in the interim statement shareholders expect to hear of an interim dividend and to confirm that will match the 1.75 pence paid last year. This payment will be made on July 31, 2014 to Shareholders on the register at July 04, 2014.
The Directors are announced a one-off special dividend payment of 7.5 pence per share resulting from the sale of stake in Wessex Advanced Switching Products (WASP). This payment will be made on July 31, 2014. Then shareholders will receive a total of 9.25 pence per share in July.
The company announced unaudited earnings results for the six months ended April 30, 2014. For the period, income was £320,000 against £586,000 a year ago. Return on ordinary activities before taxation was £4,065,000 against £277,000 a year ago. Return attributable to equity shareholders was £4,065,000 against £272,000 a year ago. Return per share was 13.6 pence against 0.9 pence a year ago. Cash outflow from operating activities and returns on investments was £46,000 against Cash inflow of £57,000 a year ago. Purchase of investments was £5,212,000 against £264,000 a year ago.
Chrysalis VCT plc is a venture capital trust (VCT). The Company's principal investment objectives are to achieve long term capital growth and generate tax-free income for its shareholders principally from private equity and alternative investment market (AIM) investments, and comply with the VCT regulations to enable shareholders to retain the initial income tax relief and ongoing tax reliefs. The Company focuses on holding a portfolio of venture capital investments, consisting of unquoted companies, but also, including a proportion of investments in companies trading on AIM. The Company invests in companies across a range of sectors, to fund expansion, acquisitions, management buyouts or turn around opportunities. The Company focuses on holding over 70% of its investments in a portfolio of VCT-qualifying companies. The Company focuses on holding a portfolio consisting of bonds issued by companies and institutions. The Company's investment manager is Chrysalis VCT Management Limited.
Chrysalis VCT PLC Announces Interim Dividend, Payable on July 31, 2014; Announces A One-Off Special Dividend, Payable on July 31, 2014; Announces Unaudited Earnings Results for the Six Months Ended April 30, 2014