Interim Management Statement
July 14 2009 - 2:00AM
UK Regulatory
TIDMAQT1
RNS Number : 5714V
Acuity VCT PLC
14 July 2009
Acuity VCT Plc ("the Company")
Interim Management Statement
For the quarter ended 30 June 2009
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Acuity VCT presents an Interim Management Statement for the
quarter ended 30 June 2009. The statement also includes relevant financial
information between the end of the period and the date of this statement.
Unaudited Net Asset Value Per Share as at 30th June 2009
The unaudited net asset value at 30 June 2009 was 51.3p per ordinary share and
80.5p per C share by comparison with 52.6p per ordinary share and 81.0p per C
share as at 31 March 2009, decreases of 2.5% and 0.6% respectively. By
comparison, the FTSE All-Share Index and the FTSE AIM All-Share Index increased
by 9.5% and 28.5% respectively. In accordance with the company's valuation
policy the change in the net asset value in the period only reflects purchases,
sales and price changes in quoted investments and no revaluation of the unquoted
portfolio was undertaken.
Net Asset Value and Dividends Paid
+---------------------------------------------+----------+----------+
| At 30 At 31 | | |
| June March | | |
| 2009 2009 | | |
| Net 9,843 10,092 | | |
| assets | | |
| attributable | | |
| to ordinary | | |
| shareholders(GBP,000) | | |
| Net 7,321 7,367 | | |
| assets | | |
| attributable | | |
| to C | | |
| shareholders(GBP,000) | | |
| Net 51.3p 52.6p | | |
| asset | | |
| value | | |
| per | | |
| ordinary | | |
| share | | |
| Net 80.5p 81.0p | | |
| asset | | |
| value | | |
| per C | | |
| share | | |
| Cumulative 12.1p 12.1p | | |
| dividends | | |
| paid per | | |
| ordinary | | |
| share | | |
| Cumulative - - | | |
| dividends | | |
| per C | | |
| share | | |
| Net 63.4p 64.7p | | |
| asset | | |
| value | | |
| plus | | |
| dividends | | |
| paid per | | |
| ordinary | | |
| share | | |
| Net 80.5p 81.0p | | |
| asset | | |
| value | | |
| plus | | |
| dividends | | |
| paid per | | |
| C share | | |
| | | |
+---------------------------------------------+----------+----------+
| | | |
+---------------------------------------------+----------+----------+
| | | |
+---------------------------------------------+----------+----------+
Investments and Realisations
The Company invested a total of GBP0.2 million in the three months to 30 June
2009. This included investments in Loseley Dairy Ice Cream, Emote and Financial
News Publishing (formerly the assets and business of Sanastro).
During the three months to 30 June 2009, the Company received proceeds of GBP1.0
million from the realisation of shares in Advanced Medical Solutions, Quadnetics
and Electra Private Equity.
Since the quarter end to the date of publication of this statement the Company
has made no further investments.
Share Buybacks
During the three months to 30 June 2009 the Company has not acquired any shares
for cancellation. In the light of the economic circumstances the Board has
decided to continue the suspension of the buy back programme, a decision which
will be kept under regular 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 10th July 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 April 2009 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
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