Seraphim Space Investment Trust PLC Reports First Results with Rising Asset Values

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President Will Whitehorn said the recent COP26 summit in Glasgow “showed both the urgency with which the world must act to tackle climate change and the unique role space technology can play in making it happen” .

Seraphim Space Investment Trust PLC (LSE: SSIT) announced 26% growth in net assets by releasing its first quarterly results since its inception in July.

Promoting itself as the world’s first listed fund focused on space technology, the investment trust has built a portfolio of 17 investments worth £ 99million at the end of September, with net assets valued at 221million. of pounds sterling.

The net asset value per share rose 6% to 104p.

“We are encouraged by the performance of the portfolio in the short period since the company’s IPO,” said Mark Boggett, Managing Director.

“The space technology investment market remains buoyant, with record levels of private investment. The investment community and the world at large are now increasingly recognizing both the attractiveness of space technology’s long-term growth potential and the unique role it can play in helping address some of our challenges. most urgent.

President Will Whitehorn said the recent COP26 summit in Glasgow “showed both the urgency with which the world must act to tackle climate change and the unique role space technology can play in making it happen” .

There was £ 124million in cash at the end of the quarter, after £ 56.7million of investment during the period, including £ 34.7million in new shares and £ 22million of funding from monitoring for three portfolio companies.

Since the end of the period an additional £ 22.6million has been deployed, consisting of a follow-on investment and a new investment.

Deals have also been made to acquire investments in two more companies by the end of next month.


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