Source - GNW

Octopus Titan VCT plc ("Company")

2 September 2016

Portfolio update

In reference to the publication of the Prospectus and Circular announced on 23 August, Octopus Titan VCT plc announces that on 31 August 2016 the Company had the following investments (listed alphabetically, excluding two companies which are in liquidation):
 
 
 Total amount invested at 31 Aug 2016Titan investments made in year / period
Portfolio InvestmentsYear to October 201510 month period to 31 Aug 2016
  £'000£'000£'000
Adbrain Limited 4,663 1,261 1,603
Affectv Limited 2,627 - -
Aframe Media Group Limited - 2,484 -
Amplience Limited 5,986 2,610 -
Artesian Solutions Limited 4,838 835 637
Behaviometrics AB 502 - -
Big Health Limited 3,276 - 3,276
Bowman Power Limited 2,305 227 -
BridgeU Corporation 979 979 -
Chronext AG 797 - 797
Conversocial Limited 4,165 673 916
CurrencyFair Limited 4,280 2,815 1,465
Ecrebo Limited 2,151 - -
Elliptic Enterprise Limited 1,662 - 677
e-Therapeutics plc 2,415 - -
Eve Sleep Limited 2,394 590 1,804
Excession Technologies Limited 208 - 108
Hubbub Deliveries Limited 1,133 101 -
Iovox Limited 1,738 - -
Kabbee Exchange Limited 2,000 - -
Leanworks Limited (trades as Yplan) 5,346 - -
London House Exchange Limited (trades as Property Partner) 5,175 647 4,320
Magic Pony Technology Limited - 262 544
Mailcloud Limited 327 127 -
Metrasens Limited 2,688 197 -
Michelson Diagnostics Limited 4,469 1,234 -
Mi-Pay Group plc 3,011 - -
MIRACL Limited 7,320 - 2,722
Origami Energy Limited 2,033 - 1,283
Oxcis Aviation Limited (trades as Stratajet) 5,614 1,645 3,968
Permutive Inc. 391 391 -
Phasor Inc. 250 - -
Secret Escapes Limited 4,256 947 -
Seedcamp III LP 110 34 37
Segura Systems Limited 700 - 700
Semafone Limited 3,594 - -
Smartkem Limited 2,714 1,080 932
Sofar Sounds Limited 7,705 2,687 4,949
Sourceable Limited (trades as Swoon Editions) 6,957 1,846 2,928
Streetbees.com Limited 140 - 140
Streethub Limited 851 723 -
Surrey NanoSystems Limited 1,993 403 -
Tailsco Limited 1,506 - 1,313
The Faction Collective SA 2,429 - 147
TouchType Limited (trades as Swiftkey) - 1,694 -
Trafi Limited 800 800 -
TrialReach Limited 1,438 263 376
UltraSoC Technologies Limited 7,087 1,572 -
Uniplaces Limited 4,657 - 2,125
Wave Optics Limited 362 - 362
Zenith Holding Company Limited* 14,701 - -
Zynstra Limited 5,840 - 1,476
 
 
* Owns a stake in Calastone, Zoopla Property Group, Nature Delivered (Graze) and Secret Escapes
 
Twenty six portfolio companies are currently being held at a value which is higher than the investment cost (typically due to follow on funding rounds taking place at a higher value). Ten are currently valued at the investment cost. The remaining fifteen are currently being held at a value which is less than the investment cost, including one that has been written off entirely (yet to be realised but already accounted for in the current NAV).
 
Additionally, since 30 April 2016, there has been a cash outflow of £24 million, resulting in a cash and cash equivalents balance of £90 million at 31 August. This cash outflow comprises £18 million in respect of investments into new and existing portfolio companies, £4 million in respect of committed cash awaiting completion, £5 million in respect of dividends, £1 million in respect of fees paid to Octopus, £2 million in respect of share buybacks and £1 million in respect of other fund expenses, offset by £6 million in respect of disposal proceeds and £1 million in respect of other income.
 
 
 
For further enquiries, please contact:
 
Jo Oliver
Octopus Investments Limited
0800 316 2295                 
 



This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Octopus Titan VCT plc via Globenewswire

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