AQT1 Acuity Vct

 

TIDMAQT1 
 
RNS Number : 2913N 
Acuity VCT PLC 
13 February 2009 
 

Acuity VCT Plc ("the Company") 
Interim Management Statement 
13 February 2009 
 
 
This is an Interim Management Statement issued by the Company in accordance with 
the FSA's disclosure and transparency rule 4.3. This statement relates to the 
three month period from 1 October 2008 to 31 December 2008. 
 
 
Rupert Pennant-Rea, Acuity VCT Plc's Chairman, said: 
 
 
"Although the Company has seen another reduction in the value of its listed 
holdings, there has been no fundamental change in its longer term outlook during 
the period. The Company has a diversified investment portfolio which 
is reasonably positioned to weather the recession." 
 
 
Unaudited Net Asset Value Per Share 
 
 
The investment portfolio, which comprises qualifying and non-qualifying unquoted 
and listed investments, has not been revalued at 31 December 2008. However, 
calculated on the basis of the net asset value at 30 September 2008 adjusted to 
reflect the purchases and sales of investments and bid values in respect of 
listed investments, the unaudited net asset value at 31 December 2008 was 54.1p 
per ordinary share and 99.8p per C share, compared with 62.2p per ordinary share 
and 102.7p per C share at 30 September 2008, decreases of 13% and 3% 
respectively. By comparison, the FTSE-All Share Index decreased by 11% over the 
same period. 
 
 
Investments and realisations 
 
 
The Company invested a total of GBP0.7 million in the three months to 31 
December 2008. 
 
 
The largest investment made in the period was GBP0.6 million in Loseley Dairy 
Ice Cream Limited. 
 
 
During the three months to 31 December 2008, the Company received proceeds of 
GBP0.6 million from the sale of various investments. 
 
 
After the quarter end the Company realised GBP0.2 million from a reduction of 
its holding in Advanced Medical Solutions. 
 
 
Share Buybacks 
 
 
During the three months to 31 December the Company has not acquired any shares 
for cancellation. In the light of recent market turbulence, the Board has 
decided to suspend the buy back programme, a decision which will be kept under 
review. 
 
 
The number of ordinary shares in issue was 19,201,481 and the number of C shares 
in issue was 9,093,156 as at 3 February 2009. 
 
 
Ends 
 
 
For information please contact: 
 
 
Nick Ross, Director Acuity VCT Plc 
020 7306 3901 
 
 
This statement aims to give an indication of material events and transactions 
that have taken place during the period from 1 October 2008 to the date of 
publication of this statement and their impact of the financial position of 
Acuity VCT Plc. These indications reflect the Board's current view. They are 
subject to a number of risks and uncertainties and could change. Factors which 
could cause or contribute to such difficulties include, but are not limited to, 
general economic and market conditions and specific factors affecting the 
financial prospects or performance of individual investments within the 
Company's portfolio. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSGUUCUPUPBGGW 
 

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