반년 결과
문어 미래 세대 VCT plc
반년 결과
Octopus Future Generations VCT plc (‘Future Generations VCT’ or the ‘Company’) is backing businesses that aim to address society’s biggest challenges, providing an opportunity for investors to share in the growth of ambitious, purpose‑driven companies.
The Company is managed by Octopus AIF Management Limited (the ‘Manager’), who has delegated investment management to Octopus Investments Limited (‘Octopus’ or ‘Portfolio Manager’) via its investment team Octopus Ventures.
The Company today announces the half-yearly results for the six months to 31 December 2023.
중간 관리 보고서
의장 성명
하이라이트
- 총 순자산 £47.0m
- 93.7p Net asset value (NAV) per share
- £8.6 million raised to 31 October 2023 in last fundraise
I am pleased to present the unaudited half-yearly report and accounts for the Company for the six months to 31 December 2023.
I would like to welcome all new shareholders to the Company. Future Generations VCT invests in exciting early-stage companies which aspire to address current environmental and societal issues.
The NAV per share at 31 December 2023 was 93.7p, which represents a net decrease of 0.6p per share from 30 June 2023. In the period to 31 December 2023, we utilised £2.1 million of our cash resources. Of this amount, £2.0 million was invested into six new portfolio companies. The cash balance of £20.1 million as at 31 December 2023 represents 43% of net assets at that date. The loss made in the period to 31 December 2023 was £0.3 million, which is to be expected at this early stage due to the running costs of the Company exceeding returns from investments.
기금 모금
We were pleased to raise £8.6 million in our previous fundraise which closed on 31 October 2023. We have since launched a new offer to raise up to £15.0 million with an over-allotment facility of up to £5.0 million. The offer will close for new applications on 27 January 2025, or earlier if fully subscribed.
As investors will be aware, the intention is to invest in businesses which we believe demonstrate good investment prospects as well as having the potential to transform the world we live in for the better. The three themes are building a sustainable planet, empowering people and revitalising healthcare. We look to invest into companies that align with these three themes.
VCT 자격
I am pleased to report that the Company has met the 30% Investment Rule for the funds raised to June 2023 ahead of the deadline, which was 30 June 2024. Additionally, we have achieved ahead of deadline the requirement for 80% of the Company’s funds to be invested in qualifying holdings by 1 July 2024 (for funds raised up to 30 June 2022).
주요 위험 및 불확실성
The Board continues to review the risk environment in which the Company operates. We were pleased in the November Autumn Statement that the chancellor announced that the VCT sunset clause will be extended, meaning VCT relief will be available to subscribers for shares issued before April 2035, rather than April 2025. At this time, there have been no significant changes to the key risks which were described in the Annual Report for the year ended 30 June 2023. The Board does not anticipate significant changes to these risks in the year ahead.
Change to year end
In 2023, the Board reviewed and approved a proposal to move the Company’s year end from 30 June to 31 December. This change is mainly being driven by operational efficiency gains that can be achieved by aligning year-end periods with other funds with which the Company co-invests. As a result, shareholders will receive a half-yearly report for periods ending 31 December 2023 and 30 June 2024, followed by an annual report for 31 December 2024 covering an extended 18-month period. After this, the normal cadence of reporting will resume.
이사회
Emma Davies has announced her retirement from the Board of Directors. It has been a pleasure to work with Emma, and I would like to take this opportunity to thank her on behalf of the Board and shareholders for her valuable contribution since the Company launched. Having completed a structured recruitment process, I am pleased to announce the appointment of Ajay Chowdhury as an independent Non-Executive Director. Ajay is a serial entrepreneur, venture capitalist and author, and is currently a senior partner at the Boston Consulting Group. We look forward to benefitting from his wealth of experience in the early-stage venture ecosystem.
Outlook
The Company is at the beginning of its investment journey. The nature of investing into early-stage companies means that the value of our portfolio will take time to grow. We also expect that some of the investments made by the Company fail. Until the Company is fully invested, there is a greater concentration of value in fewer companies, so performance will be more sensitive to valuation movements in the underlying holdings than if the portfolio was larger. Higher interest rates also continue to dampen business and consumer confidence and these conditions are particularly challenging for early-stage companies to navigate and do not look set to ease in the short to mid-term.
However, despite these challenges there is reason to be optimistic as these conditions present opportunities to invest into, and build, new early-stage companies at attractive valuations. Our Manager continues to see interesting business opportunities, as passionate entrepreneurs seek new ways to solve fundamental environmental and societal issues. Our long-term view of early-stage venture capital remains positive.
The long-term target of the Company is to pay an annual dividend of 5% of the NAV generated by exits from investments. However, given the expected holding period of target portfolio companies and restrictions imposed on VCTs, it is very unlikely that the Company will be able to pay dividends before the end of 2025. During this time, any growth in the portfolio value will be reflected in the Company’s share price.
I would like to conclude by thanking my Board colleagues and the Octopus team on behalf of all shareholders for their hard work. I am looking forward to seeing what the coming year brings for the Company.
헬렌 싱클레어
의장
월 28 2024
포트폴리오 관리자의 리뷰
Focus on Future Generations VCT’s investments
Below is a breakdown of the 30 investments held as at 31 December 2023, showing the proportion and value of the portfolio in each investment theme:
테마별 포트폴리오 회사 수별 비율
의료 활성화: 53%
사람들에게 힘을 실어주는 것: 27%
지속 가능한 지구 구축: 20%
테마별 포트폴리오의 가치
의료 활성화: £16.0m
사람들에게 권한 부여: £7.5m
지속 가능한 지구 구축: £3.2만
투자 개요
The Company completed six new investments in the reporting period (comprising a total of £2.0 million) and three further investments after 31 December 2023 totalling £2.8 million of investment. More information on three of these businesses can be found below:
완료된 투자 항목 선택
헬스케어 활성화
CellVoyant
An artificial intelligence (AI) first biotechnology company creating novel stem cell-based therapies for chronic diseases. Its technology uses AI-first live cell imaging to predict and optimise stem cell differentiation, to controllably manufacture any cell and tissue in the body at scale. It is working at the exciting intersection of cell biology, computer vision, engineering, and machine learning to industrialise next-generation science from research into the real world.
지속 가능한 지구 구축
외보
A platform that allows landlords of multi-unit buildings to monetise modular renewable energy projects through a single billing platform to charge tenants. Its innovative technology and guidance makes navigating the path to solar energy quick and easy allowing commercial property owners to play a part in securing a greener, more prosperous future for their portfolio and the planet.
헬스케어 활성화
아웰
Automates routine clinical tasks, synchronising data between systems and driving seamless coordination between care teams and patients. Despite significant technological advances, healthcare delivery remains sub-optimal and Awell wants to change this to give care teams more time for the human aspects of care.
상위 XNUMX개 투자
포트폴리오 회사 | 비용 | 에서 평가 31 12월 2023 | 투자 테마 |
1. Perk Finance, S.L. (t/a* Cobee) | £ 2.6m | £ 3.5m | 사람들에게 권한 부여 |
2. HelloSelf Limited | £ 2.6m | £ 2.6m | 헬스케어 활성화 |
3. Tympa Health Technologies Ltd | £ 2.7m | £ 2.4m | 헬스케어 활성화 |
4. Ourotech Ltd (t/a Pear Bio) | £ 2.0m | £ 2.0m | 헬스케어 활성화 |
5. Infinitopes Ltd | £ 1.6m | £ 1.6m | 헬스케어 활성화 |
6. Mr & Mrs Oliver Ltd (t/a Skin + Me) | £ 1.0m | £ 1.5m | 헬스케어 활성화 |
7. Apheris AI GmbH | £ 1.2m | £ 1.2m | 헬스케어 활성화 |
8. Intrinsic Semiconductor Technologies Ltd | £ 0.9m | £ 1.0m | 사람들에게 권한 부여 |
9. Inflow Holdings Inc. | £ 1.0m | £ 1.0m | 헬스케어 활성화 |
10. 살아있는 광학 | £ 0.9m | £ 0.9m | 사람들에게 권한 부여 |
* Trading as
Portfolio engagement - D&I and Greenhouse gases
우리 전략의 일환으로 우리는 포트폴리오 회사에 다양성 및 포용성 정책(D&I)과 괴롭힘 방지 정책을 시행하도록 요구합니다. 우리는 또한 각 회사와 협력하여 온실가스 배출을 이해하고 이를 최소화하기 위한 조치를 취할 수 있도록 지원합니다.
D&I 정책 현황
시행 중인 정책: 30
진행 중: 0
Engaged on monitoring greenhouse gas emissions
가입 : 19
도입: 9년
진행 중: 2
Outlook
We continue to grow the portfolio with a further six investments completing in the six-month reporting period and an additional three to 28 March 2024. These investments span the Company’s three investment themes, with each of the founding teams looking to solve a different issue they have identified. These problems range from looking to redefine how the brain is measured and treated, to building a platform to allow landlords to monetise renewable energy projects. Looking ahead at the pipeline of new investments, we are excited to see this diversity of opportunity continues, with each sharing the goal of trying to transform the world for the better, addressing fundamental issues in our society and planet.
We recognise that 2023 has been a difficult year for our portfolio companies and shareholders, with much geo-political unrest and economic uncertainty. These challenges have meant that we have been working more closely with our portfolio companies, offering support through our dedicated people and talent team and with non-executive directors on company Boards. The portfolio is diversified across sector, product and stage, providing some resilience to the tougher macro-economic environment and offering potential for future growth. We believe recovery in 2024 is likely to be slow and fragile, with the expectation from the Bank of England that the rate of inflation should continue to slow and return to average historic levels in 2025. It is also generally true that early-stage companies are agile and well-positioned to leverage changes in attitudes that typically occur during times of economic downturn. They are more open to adopting new technologies and innovative approaches.
We are excited to have the opportunity to continue to scale the Company, support its ambition to make the world a better place for future generations, and hope to deliver attractive returns to shareholders.
이사의 책임 선언문
이사는 자신이 아는 한 다음을 확인합니다.
- 반기 재무제표는 재무보고위원회에서 고시한 '재무보고기준 104: 중간재무보고'에 따라 작성되었습니다.
- 반기 재무제표는 회사의 자산, 부채, 재무 상태 및 손익에 대한 진실하고 공정한 견해를 제공합니다.
- 반기별 보고서에는 금융행위감독청 공개 지침 및 투명성 규칙에서 요구하는 정보에 대한 공정한 검토가 포함됩니다.
- 우리는 회계연도의 첫 XNUMX개월 동안 발생한 중요한 사건의 표시와 요약된 재무제표에 미치는 영향을 공개했습니다.
- we have disclosed a description of the principal risks and uncertainties for the remaining twelve months of the period; and
- we have disclosed a description of related party transactions that have taken place in the first six months of the current financial period, that may have materially affected the financial position or performance of the Company during that period and any changes in the related party transactions described in the last annual report that could do so.
이사회를 대신하여
헬렌 싱클레어
의장
월 28 2024
손익 계산서
감사되지 않음 | 감사 | 감사되지 않음 | |||||||
31개월~2023년 XNUMX월 XNUMX일 | 30년 2023월 XNUMX일까지 | 31개월~2022년 XNUMX월 XNUMX일 | |||||||
수익 | 자본 | 금액 | 수익 | 자본 | 금액 | 수익 | 자본 | 금액 | |
000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | |
Net (loss)/gain on valuation of fixed asset 투자 | - | (136) | (136) | - | (6) | (6) | - | 97 | 97 |
투자 관리 수수료 | (117) | (350) | (467) | (174) | (522) | (696) | (95) | (285) | (380) |
투자 소득 | 515 | - | 515 | 424 | - | 424 | 56 | - | 56 |
외환 번역 | - | - | - | - | - | - | 27 | - | 27 |
기타 경비 | (246) | - | (246) | (500) | - | (500) | (225) | - | (225) |
세전 손실 | 152 | (486) | (334) | (250) | (528) | (778) | (237) | (188) | (425) |
부가세 | - | - | - | - | - | - | - | - | - |
세후 손실 | 152 | (486) | (334) | (250) | (528) | (778) | (237) | (188) | (425) |
주당 순이익 – 기본 및 희석 | 0.3p | (1.0:XNUMX)p | (0.7:XNUMX)p | (0.6:XNUMX)p | (1.3:XNUMX)p | (1.9:XNUMX)p | (0.6:XNUMX)p | (0.5:XNUMX)p | (1.1:XNUMX)p |
- 이 명세서의 '합계' 열은 Future Generations VCT의 손익 계정입니다. 추가 수익 신고 및 자본 수익 열은 투자 회사 협회가 발표한 지침에 따라 준비되었습니다.
- 위 명세서의 모든 수익 및 자본 항목은 계속 영업에서 파생됩니다.
- 미래 세대 VCT는 단 하나의 사업 부문만을 갖고 있으며 주식 및 증권에 대한 투자와 은행 및 머니 마켓 펀드에서 수익을 얻습니다.
미래세대 VCT는 해당 기간 동안 기타포괄손익이 없습니다.
첨부된 주석은 재무제표의 불가분의 일부를 구성합니다.
대차 대조표
감사되지 않음 | 감사 | 감사되지 않음 | ||||
31 년 2023 월 XNUMX 일 기준 | 30 년 2023 월 XNUMX 일 기준 | 31 년 2022 월 XNUMX 일 기준 | ||||
000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | 000 파운드 | |
고정 자산 투자 | 26,729 | 24,895 | 12,287 | |||
유동 자산 : | ||||||
채무자 | 240 | 379 | 86 | |||
애플리케이션 현금* | 100 | 370 | 100 | |||
은행에서 현금 | 107 | 152 | 9,432 | |||
머니 마켓 펀드 | 19,998 | 20,140 | 17,411 | |||
20,445 | 21,041 | 27,029 | ||||
채권자 : XNUMX년 이내에 만기가 되는 금액 | (177) | (518) | (222) | |||
순유동 자산 | 20,268 | 20,523 | 26,807 | |||
순자산 | 46,997 | 45,418 | 39,094 | |||
주식 자본 | 50 | 48 | 41 | |||
프리미엄 공유 | 48,372 | 46,461 | 39,792 | |||
자본 준비금 실현 | (990) | (640) | (403) | |||
자본 준비금 미실현 | (133) | 3 | 106 | |||
수익 준비금 | (302) | (454) | (442) | |||
자본총계 | 46,997 | 45,418 | 39,094 | |||
주당 순자산 가치 | 93.7p | 94.3p | 95.1p |
* Cash received from investors but not yet allotted.
첨부된 주석은 재무제표의 불가분의 일부를 구성합니다.
성명서는 이사들의 승인을 받았으며 28년 2024월 XNUMX일 발행이 승인되었으며 이사들을 대신하여 다음과 같이 서명되었습니다.
헬렌 싱클레어
의장
회사 번호 : 13750143
자본변동표
주식 자본 000 파운드 | 프리미엄 공유 000 파운드 | 자본 준비금 실현 000 파운드 | 자본 준비금 미실현 000 파운드 | 수익 준비금 000 파운드 | 금액 000 파운드 | |
1년 2023월 XNUMX일 현재 | 48 | 46,461 | (640) | 3 | (454) | 45,418 |
해당 연도의 종합 소득: | ||||||
자본 지출로 할당된 관리 수수료 | - | - | (350) | - | - | (350) |
Net loss on fair value of fixed asset investments | - | - | - | (136) | - | (136) |
세후 이익 | - | - | - | - | 152 | 152 |
당해 년도 총 포괄 이익 | - | - | (350) | (136) | 152 | (334) |
소유자에 의한 기부 및 분배: | ||||||
발행주식수 | 2 | 1,971 | - | - | - | 1,973 |
발행 비용 공유 | - | (60) | - | - | - | (60) |
당해 년도 총 포괄 이익 | 2 | 1,911 | - | - | - | 1,913 |
균형 31 12월 2023 | 50 | 48,372 | (990) | (133) | (302) | 46,997 |
첨부된 주석은 재무제표의 불가분의 일부를 구성합니다.
주식 자본 000 파운드 | 프리미엄 공유 000 파운드 | 자본 준비금 실현 000 파운드 | 자본 준비금 미실현 000 파운드 | 수익 준비금 000 파운드 | 금액 000 파운드 | |
1년 2022월 XNUMX일 현재 | 33 | 31,572 | (118) | 9 | (204) | 31,292 |
해당 연도의 종합 소득: | ||||||
자본 지출로 할당된 관리 수수료 | - | - | (522) | - | - | (522) |
Net loss on fair value of fixed asset investments | - | - | - | (6) | - | (6) |
세후 손실 | - | - | - | - | (250) | (250) |
당해 년도 총 포괄 이익 | - | - | (522) | (6) | (250) | (778) |
소유자에 의한 기부 및 분배: | ||||||
발행주식수 | 15 | 15,164 | - | - | - | 15,179 |
발행 비용 공유 | - | (275) | - | - | - | (275) |
소유자의 총 기부금 및 소유자에 대한 분배 | 15 | 14,889 | - | - | - | 14,904 |
균형 30 6월 2023 | 48 | 46,461 | (640) | 3 | (454) | 45,418 |
첨부된 주석은 재무제표의 불가분의 일부를 구성합니다.
주식 자본 000 파운드 | 프리미엄 공유 000 파운드 | 자본 준비금 실현 000 파운드 | 자본 준비금 미실현 000 파운드 | 수익 준비금 000 파운드 | 금액 000 파운드 | |
1년 2022월 XNUMX일 현재 | 33 | 31,527 | (118) | 9 | (204) | 31,292 |
해당 연도의 종합 소득: | ||||||
자본 지출로 할당된 관리 수수료 | - | - | (285) | - | - | (285) |
고정 자산 투자의 공정 가치에 대한 순이익 | - | - | - | 97 | - | 97 |
세후 손실 | - | - | - | - | (265) | (265) |
당해 년도 총 포괄 이익 | - | - | (285) | 97 | (265) | (453) |
소유자에 의한 기부 및 분배: | ||||||
발행주식수 | 8 | 8,421 | - | - | - | 8,429 |
발행 비용 공유 | - | (201) | - | - | - | (201) |
소유자의 총 기부금 및 소유자에 대한 분배 | 8 | 8,220 | - | - | - | 8,228 |
다른 움직임: | ||||||
외환 번역 | - | - | - | - | 27 | 27 |
총 기타 움직임 | - | - | - | - | 27 | 27 |
균형 31 12월 2022 | 41 | 39,792 | (403) | 106 | (442) | 39,094 |
첨부된 주석은 재무제표의 불가분의 일부를 구성합니다.
현금 흐름표
감사되지 않음 | 감사 | 감사되지 않음 | |
XNUMX개월 | 출간연도 에 | 여섯 달 에 | |
31 12월 | 6월 30 | 31 12월 | |
2023 | 2023 | 2022 | |
000 파운드 | 000 파운드 | 000 파운드 | |
영업 활동으로 인한 현금 흐름 | |||
세전 손실 | (334) | (778) | (425) |
채무자 감소/(증가) | 139 | (325) | (32) |
채권자 감소 | (72) | (103) | (129) |
고정 자산 투자 평가 손실/(이익) | 136 | 6 | (97) |
영업활동 유출 | (131) | (1,200) | (683) |
투자 활동으로 인한 현금 흐름 | |||
고정 자산 투자의 구매 | (1,970) | (23,238) | (10,528) |
투자활동 유출 | (1,970) | (23,238) | (10,528) |
금융 활동으로 인한 현금 흐름 | |||
Application account inflow | 1,687 | 13,634 | 6,614 |
Application account outflow 공유 문제 진행 | (1,957) 1,957 | (15,179) 15,179 | (8,429) 8,429 |
발행 비용 공유 | (43) | (275) | (201) |
자금조달활동으로 인한 유입 | 1,644 | 13,359 | 6,413 |
현금 및 현금성 자산의 감소 | (457) | (11,079) | (4,798) |
현금 및 현금 등가물 개설 | 20,662 | 31,741 | 31,741 |
현금 및 현금 등가물 마감 | 20,205 | 20,662 | 26,943 |
현금및현금성자산은 다음과 같습니다. | |||
은행 현금 | 107 | 152 | 9,432 |
애플리케이션 현금 | 100 | 370 | 100 |
머니 마켓 펀드 | 19,998 | 20,140 | 17,411 |
20,205 | 20,662 | 26,943 |
첨부된 주석은 재무제표의 불가분의 일부를 구성합니다.
반기 보고서 요약
1. 준비의 기초
The unaudited half-yearly results which cover the six months to 31 December 2023 have been prepared in accordance with the Financial Reporting Council’s (FRC) Financial Reporting Standard 104 Interim Financial Reporting (January 2022) and the Statement of Recommended Practice (SORP) for Investment Companies re-issued by the Association of Investment Companies in July 2022.
The Directors consider it appropriate to adopt the going concern basis of accounting. The Directors have not identified any material uncertainties to the Company’s ability to continue to adopt the going concern basis over a period of at least twelve months from the date of approval of the financial statements. In reaching this conclusion, the Directors have taken into account the potential impact on the economy including inflation and the recession.
주요 회계 정책은 회사의 2023년 연례 보고서 및 회계에 명시된 것과 변경되지 않았습니다.
2. 비법정 계정의 공개
The unaudited half-yearly report for the six months ended 31 December 2023 does not constitute Statutory Accounts within the meaning of s.415 of the Companies Act 2006 and has not been delivered to the Registrar of Companies. The comparative figures for the year ended 30 June 2023 have been extracted from the audited financial statements for that year, which have been delivered to the Registrar of Companies. The independent auditor’s report on those financial statements, in accordance with Chapter 3, Part 16 of the Companies Act 2006, was unqualified. This half-yearly report has not been reviewed by the Company’s auditor.
3. 주당순이익
The loss per share is based on 48,725,532 Ordinary shares (31 December 2022: 37,304,813, 30 June 2023: 40,987,788) being the weighted average number of shares in issue during the period. There are no potentially dilutive capital instruments in issue and so no diluted returns per share figures are relevant. The basic and diluted earnings per share are therefore identical.
4. 주당 순자산 가치
31 12월 2023 | 30 6월 2023 | 31 12월 2022 | |
순자산(£'000) | 46,997 | 45,418 | 39,094 |
발행주식 | 50,165,822 | 48,138,337 | 41,127,110 |
주당 순자산가치(p) | 93.7 | 94.3 | 95.1 |
5. Allotments
During the six months to 31 December 2023, 2,027,485 shares were issued at a weighted average price of 97.3p per share (period ended 31 December 2022: 8,557,932 shares at a weighted average price of 99.1p, 30 June 2023: 15,569,159 shares at a weighted average price of 98.6p per share).
6. 운용사 및 포트폴리오 관리자와의 거래
Future Generations VCT is classified as a full-scope Alternative Investment Fund (AIF) under the Alternative Investment Fund Management Directive (the ‘AIFM Directive’). Future Generations VCT has appointed Octopus AIF Management Limited to provide the services of an Alternative Investment Fund Manager (AIFM) of a full scope AIF. In accordance with its power to do so under AIFMD, Octopus AIF Management Limited has delegated portfolio management to Octopus Investments Limited, whilst retaining the obligations of a risk manager.
Future Generations VCT paid Octopus AIF Management Limited £467,000 in the period as a management fee (31 December 2022: £380,000, 12 months to 30 June 2023: £696,000). The annual management charge (AMC) is based on 2% of Future Generations VCT’s NAV. The AMC is payable quarterly in advance and calculated using the latest published NAV of Future Generations VCT and the number of shares in issue at each quarter end. Once the quarter has ended, an adjustment will be made if the NAV at the end of the current quarter is calculated and which differs from the NAV as at the end of the previous quarter.
Octopus also provides Non-Investment Services to Future Generations VCT, payable quarterly in advance. The fee is 0.3% of Future Generations VCT’s NAV, calculated at quarterly intervals. The Non-Investment Services Agreement (NISA) fee is calculated using the latest published NAV of Future Generations VCT and the number of shares in issue at each quarter end. As with the AMC, an adjustment will be made once the quarter has ended if the NAV at the end of the current quarter is calculated and which differs from the NAV as at the end of the previous quarter. During the period £70,000 was paid to Octopus for Non-Investment Services (31 December 2022: £57,000, 12 months to 30 June 2023: £122,000).
In addition, Octopus is entitled to performance-related incentive fees, subject to Future Generations VCT’s total return at year end exceeding the total return at the previous year end when an incentive fee was paid or 97p if the first incentive fee has not yet been paid (the ‘Excess’), equal to 20% of the Excess. No performance fee will be paid prior to the financial period ending on 30 June 2025, dividends (paid or declared) being equal to or greater than 10p per Ordinary share and the total return exceeding 120p.
The cap relating to Future Generations VCT’s total expense ratio, that is the regular, recurring costs of Future Generations VCT expressed as a percentage of its NAV, above which Octopus have agreed to pay, is 3.0%, and is calculated in accordance with the AIC Guidelines.
7. 특수관계자 거래
Octopus 투자팀의 몇몇 구성원은 Future Generations VCT의 포트폴리오 회사에서 모니터링 역할의 일환으로 비상임 이사직을 맡고 있지만 해당 회사에 대한 지배 지분은 없습니다.
Emma Davies, a Non-Executive Director of Future Generations VCT, previously held the role of co-CEO of Octopus Ventures.
On 24 March 2023, Emma Davies ceased to be employed by Octopus Capital Limited and therefore she is no longer considered a related party. Emma is retiring as a Non-Executive Director of Future Generations VCT on 31 March 2024.
No dividends have been paid to the Directors of Future Generations VCT.
8. 의결권 및 지분관리
The following table shows the percentage voting rights held by Future Generations VCT in each of the top ten investments, on a fully diluted basis.
투자 | 31 12월 2023 % voting rights held by 미래세대 VCT |
Perk Finance, S.L. (t/a Cobee) | 2.8% |
HelloSelf Limited | 4.1% |
Tympa Health Technologies Ltd | 3.7% |
Ourotech Ltd (t/a Pear Bio) | 5.1% |
Infinitopes Ltd | 4.6% |
Mr & Mrs Oliver Limited (t/a Skin + Me) | 0.6% |
아페리스 AI GmbH | 3.2% |
고유 반도체 기술 제한 | 5.1% |
인플로우 홀딩스 주식회사 | 1.9% |
Living Optics Ltd | 1.7% |
9. 대차대조표 이후 이벤트
대차대조표 일자와 이 반기 보고서 서명 사이에 다음과 같은 사건이 발생했습니다.
- Three new investments completed totalling £2.8 million.
- On 31 January 2024, the Company announced a new Offer for Subscription for Ordinary shares of 0.1p each in the Company, to raise up to £15.0 million in aggregate with an over-allotment facility of up to a further £5.0 million.
10. Half-Yearly Report
31년 2023월 XNUMX일에 종료된 XNUMX개월 동안의 미감사 반기별 보고서는 https://octopusinvestments.com/our-products/venture-capital-trusts/octopus-future- Generations-vct/에서 곧 확인할 수 있습니다.
A copy of the half-yearly report will be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
자세한 내용은 문의하시기 바랍니다 :
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