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Vector Capital announces 2023 Financial Results, Dividend Declaration, and AGM details

Vector Capital plc (LON:VCAP), a commercial lending group that offers secured loans primarily to businesses located in the United Kingdom, has announced its audited results for the financial year ended 31 December 2023.

Highlights

·     Continued growth in shareholders equity with a maintained dividend and prudent bad debt provision policies 
·     Loan book £47.9m with average loan £453k (FY22: £53.2m and £499k, respectively) 
·     Revenue £5.7m (FY22: 5.9m) 
·     Profit before tax (excluding bad debt provisions) of £2.8m (FY22: £3.0m) 
·     Profit before tax of £2.1m (FY22: 2.8m) 
·     Unutilised wholesale loan facilities available of £27.8m (FY22: £14.9m) 
·     Net assets £25.5m (FY22: £25.1m) 
·     Net asset value per share 56 pence (FY22: 55 pence) 
·     Proposed final dividend 1.53 pence per share (FY22: 1.53 pence) 
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