Net Asset Value and Portfolio

Draper Esprit VCT plc (“the Company”)
LEI: 2138003I9Q1QPDSQ9Z97
Net Asset Value and portfolio
11 November 2021

The Company announces that its unaudited Net Asset Value (NAV), as at 30 September 2021, was 61.0p per Ordinary Share.

The unaudited investment portfolio and balance sheet of the Company, as at 30 September 2021, were as follows:

	Cost	Valuation 30 September 2021 (unaudited)	Valuation movement since 31 March 2021	% of portfolio by value
	£’000	£’000	£’000
Ten largest venture capital investments (by value)
Access Intelligence plc*	2,586	12,115	1,326	13.6%
Back Office Technology Limited	1,420	7,955	5,546	9.0%
Fords Packaging Topco Limited	2,433	6,878	-	7.7%
Endomagnetics Limited	2,147	5,652	1,008	6.4%
Thought Machine Group Limited	2,400	4,025	1,625	4.5%
Lyalvale Express Limited	1,915	3,999	2,571	4.5%
IESO Digital Health Limited	1,900	3,302	2,352	3.7%
StreetTeam Software Limited	2,820	2,530	2,211	2.9%
Freetrade Limited	600	2,367	-	2.7%
Evonetix Limited	1,485	1,882	-	2.1%
	19,706	50,705	16,639	57.1%
Other venture capital investments
Ravelin Technology Limited	1,133	1,879	746	2.1%
Macranet Limited	1,187	1,187	778	1.3%
Roomex UK Limited	1,081	1,104	(70)	1.2%
Crowdcube Limited	400	1,013	264	1.1%
PrimaryBid Limited	950	950	-	1.1%
River Lane Research Limited	901	901	-	1.0%
United Authors Publishing Limited	542	885	65	1.0%
Fulcrum Utility Services Limited*	386	691	(370)	0.8%
Focal Point Positioning Limited	600	600	-	0.7%
Hadean Supercomputing Limited	400	583	183	0.7%
Sweepr Technologies Limited	515	526	-	0.6%
Other investments	12,853	1,767	(660)	2.0%
	20,948	12,086	936	13.6%
	40,654	62,791	17,575	70.7%
Cash at bank and in hand		26,045		29.3%
Total investments		88,836		100.0%

* Quoted on AIM

Unaudited Balance Sheet
As at 30 September 2021

	30 Sep 2021 (unaudited)		31 Mar 2021 (audited)
	£’000		£’000
Fixed assets
Investments	62,791		44,756
Current assets
Debtors	7		78
Cash at bank and in hand	26,045		10,659
	26,052		10,737
Creditors: amounts falling due within one year	(99)		(81)
Net current assets	25,953		10,656
Net assets	88,744		55,412
Capital and reserves
Called up share capital	7,275		5,537
Capital redemption reserve	728		659
Share premium account	36,438		18,321
Merger reserve	1,828		1,828
Special reserve	12,041		15,463
Capital reserve – unrealised	31,052		14,159
Capital reserve – realised	-		-
Revenue reserve	(618)		(555)
Total equity shareholders’ funds	88,744		55,412
Basic and diluted net asset value per share	61.0p		50.0p