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Pembroke VCT is now open to new applications

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Chairman’s Letter

For the 21/22 Offer

Dear Investor,

I am pleased to announce that Pembroke VCT plc has launched a new share offer to raise up to £60 million. The Board continues to be impressed by the resilience and adaptability shown by the portfolio company founders and their teams since the onset of COVID‑19. The focus on founder‑led businesses is central to Pembroke’s investment strategy which has proven to be robust during this period of disruption. Whilst the social and economic challenges of COVID‑19 will continue for the medium term, the unwinding of government restrictions have begun to have a positive impact across the Company’s portfolio of businesses.

After raising over £150 million since 2012, Pembroke has invested £96.6 million in 51 companies. The Company has recently invested £2.75 million across two new and innovative businesses: OnePlan and COAT. OnePlan aims to enhance event planning, allowing organisers to collaborate in real‑time on a single platform. COAT aims to counter the negative aspects associated with the paint industry and meet the needs of contemporary customers with a focus on quality, sustainability and customer experience. The additional cash will allow the Company to grow its existing portfolio of investments, take advantage of a healthy pipeline of prospective investment opportunities and seek to continue Share buybacks, following the £9.7 million buyback in April 2021.

The Company has passed the £150 million net asset hurdle and is in a strong position to take advantage of new high‑quality investment opportunities as well as supporting the continued growth of its existing portfolio businesses. The Board and the Manager will continue to monitor the effects of COVID‑19 whilst also taking advantage of emerging opportunities.

As at June 2021 the net asset value of the B Ordinary Shares was 119.3 pence and the Total Return per B Ordinary Share was 141.3 pence.

If you are not already, I look forward to welcoming you as a Shareholder.

Jonathan Djanogly
Chairman
8 September 2021

141.3p
Total Return as at 30 June 2021

Downloads

The latest downloads from Pembroke to help you understand more about the business.

August Newsletter 2021
Annual Report and Financial Statements 2021
For the year ended 31 March 2021
Newsletter March 2021
Newsletter November 2020
Half-Yearly Report 20
Annual Report & Financial Statements 20
For the year ended 31 March 2020
This document presents the annual report for period ended 31 March 2020.
Half-Yearly Report 19
For the six months ended 30 September 2019
This document presents the half-year report for the six month period ended 30 September 2019
Annual Report & Financial Statements 19
For the year ended 31 March 2019
This document presents the annual report for period ended 31 March 2019
Half-Yearly Report 18
For the six months ended 30 September 2018
This document presents the half-year report for the six month period ended 30 September 2018
Annual Report & Financial Statements 18
For the year ended 31 March 2018
This document presents the annual report for period ended 30 September 2018.
Half-Yearly Report 17
For the six months ended 30 September 2017
This document presents the half-year report for the six month period ended 30 September 2017
Annual Report & Financial Statements 17
For the year ended 31 March 2017
This document presents the annual report for period ended 31 March 2017
Half-Yearly Report 16
For the six months ended 30 September 2016
This document presents the half-year report for the six month period ended 30 September 2016
Annual Report & Financial Statements 16
For the year ended 31 March 2016
This document presents the annual report for period ended 31 March 2016.
Half-Yearly Report 15
For the six months ended 30 September 2015
This document presents the half-year report for the six month period ended 30 September 2015
Annual Report & Financial Statements 15
For the year ended 31 March 2015
This document presents the annual report for period ended 31 March 2015.
Half-Yearly Report 14
For the six months ended 30 September 2014
This document presents the half-year report for the six month period ended 30 September 2014
Annual Report & Financial Statements 14
For the year ended 31 March 2014
This document presents the annual report for period ended 31 March 2014.

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