THE directors of Baronsmead VCT 2 have announced interim results for the 12 months to 31 March 2007, which show growth in the net asset value of the ordinary shares of 7.5pc to 123.27p per share.
This is before payment of dividends of 5p on 20 December 2006 and 5p on 30 March 2007. Clive Parritt, chairman of Baronsmead VCT 2, said the average annual dividend payment, tax-fee to qualifying ordinary shareholders, since inception in 1998 is now 6.4p per ordinary share. He added that this is comfortably in excess of the average annual dividend of 4.5p per ordinary share set as a target by the board. Parritt said: “There have been a series of realisations including Domantis and Americana. The sale of these two unquoted investments alone realised gross proceeds of 3.3 times the...
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