News Column

Puma VCT 9 Reports Net Asset Value Per Share Increase

August 29, 2014

Samuel Agini

LONDON (Alliance News) - Puma VCT 9 PLC Friday said its net asset value per share increased by 0.69 pence to 94.40p in the six months ended June 30.

In a statement, Puma VCT 9 said that more than 80% of its assets are currently invested in a portfolio of investments generating an attractive return.

"The investment manager is in legal process with a number of further qualifying investment opportunities and expects to make such investments in the second half of the year," Chairman Egmont Kock said in a statement.

Separately, Puma VCT 10 PLC said its net asset value per share was 96.04p at the end of June.

"This initial NAV per share primarily reflects the initial funds raised less the costs of flotation," Chairman David Vaughan said in a statement.

Puma VCT 10 raised GBP27.8 million in May 2014.

"The investment manager has a pipeline in legal process and many companies which are suitable for investment. There is therefore a strong flow of further opportunities likely to lead to suitable investments," Vaughan said.

Puma VCT 9 and Puma VCT 10 are managed by Puma Investments, a member of the Shore Capital Group Ltd.

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Source: Alliance News

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