In QuotedData’s morning briefing 6 September 2024:

• Triple Point Energy Transition (TENT) has declared a special dividend of 25p per share (£25m in aggregate), which is a distribution that is part of the managed wind-down approved by shareholders on 22 March 2024. TENT says this has been possible because of timely realisations to date. The special dividend will be payable on or around 4 October 2024 to holders of ordinary shares on the register on 20 September 2024. The ex-dividend date will be 19 September 2024. To date, TENT has disposed of the Boxed LED receivables finance facility, the Battery Energy Storage System loan portfolio (BESS Portfolio), and the Combined Heat and Power loan portfolio (CHP Portfolio), along with the repayment of the Innova Development Debt Facility. These realisations returned 91% of the carrying value of those investments. After the BESS Portfolio was sold, the proceeds were used, in part, to fully repay and cancel the group’s Revolving Credit Facility on 19 April 2024. The balance, together with proceeds from other announced sales will be used to fund this special dividend. TENT’s remaining assets include the Hydroelectric Portfolio and the remaining LED receivables finance facility and TENT says that both assets are actively being marketed and are on track to be realised before the end of the company’s financial year.
• Onward Opportunities (ONWD) has published its interim results for the six-months ended 30 June 2024, during which it provided NAV and share price total returns of 9.2% and 20.9% respectively, strongly outperforming the UK AIM All Share index, which it says provided a total return of 3.1%. ONWD says that this places it in the top quartile against its peers in the AIC UK Smaller Companies sector over 12-months (4/26), while delivering the company’s stated target returns of >15% IRR during the period. Since the period end its NAV has increased to 122.51p (as at 30 August 2024), generating an additional 5.3% total return over the last two-month period, with strong contributions from core holdings Transense Technologies and Windward.
• Vietnam Holding (VNH) has announced the results of the tender offer that forms part of its regular redemption opportunity. VNH says that 4,403,857 shares were validly tendered for redemption (approximately 16.2% of its issued share capital as at 31 August 2024). The board has resolved that the redemption price will be the based upon VNH’s official net asset value per share as at 30 September 2024. This net asset value per share is expected to be announced by mid-October 2024 and payments made to redeeming shareholders by the end of October 2024. The board will make a further announcement when the 30 September 2024 official net asset value per share is finalised and the final timetable for the payment of the redemption proceeds is settled.

We also have:

• An update from Digital 9 Infrastructure (its NAV has collapased to 45p per share)