AQT3 Acuity Vct 3

 

TIDMAQT3 
 
RNS Number : 3226F 
Acuity VCT 3 PLC 
11 January 2010 
 

Acuity VCT 3 Plc ("the Company") 
Interim Management Statement 
For the quarter ended 31 December 2009 
 
 
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK 
Listing Authority, Acuity VCT 3 presents an Interim Management Statement for the 
quarter ended 31 December 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 31 December 2009 
 
 
The unaudited net asset value at 31 December 2009 was 85.0p per ordinary share 
by comparison with 85.7p per ordinary share as at 30 September 2009, a decrease 
of 0.8%. By comparison, the FTSE All-Share Index and the FTSE AIM All-Share 
Index increased by 4.4% and 1.2% 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 31 |     At 30 | 
|                       | December | September | 
|                       |     2009 |      2009 | 
+-----------------------+----------+-----------+ 
|                       |          |           | 
+-----------------------+----------+-----------+ 
| Net                   |   29,725 |    29,965 | 
| assets                |          |           | 
| attributable          |          |           | 
| to ordinary           |          |           | 
| shareholders(GBP,000) |          |           | 
+-----------------------+----------+-----------+ 
|                       |          |           | 
+-----------------------+----------+-----------+ 
| Net                   |    85.0p |     85.7p | 
| asset                 |          |           | 
| value                 |          |           | 
| per                   |          |           | 
| ordinary              |          |           | 
| share                 |          |           | 
+-----------------------+----------+-----------+ 
|                       |          |           | 
+-----------------------+----------+-----------+ 
| Cumulative            |     3.5p |      3.5p | 
| dividends             |          |           | 
| paid per              |          |           | 
| ordinary              |          |           | 
| share                 |          |           | 
+-----------------------+----------+-----------+ 
|                       |          |           | 
+-----------------------+----------+-----------+ 
| Net                   |    88.5p |     89.2p | 
| asset                 |          |           | 
| value                 |          |           | 
| plus                  |          |           | 
| dividends             |          |           | 
| paid per              |          |           | 
| ordinary              |          |           | 
| share                 |          |           | 
+-----------------------+----------+-----------+ 
 
 
Investments and Realisations 
 
 
The Company invested a total of GBP0.8 million in the three months to 
31 December 2009. This included investments in Loseley Dairy Ice Cream, Brand 
Acquisitions and Red Reef Media. 
 
 
During the three months to 31 December 2009, the Company received proceeds of 
GBP1.1 million from the realisation of various investments. 
 
 
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 31 December 2009 the Company has not acquired any 
shares for cancellation. As announced to the London Stock Exchange on 16 
December 2009, the Board has reinstated the buy back programme, authorising the 
purchase of the Company's shares for cancellation up to the lesser amount of 10% 
of the issued share capital of the Company and the value of GBP500,000 at a 
maximum price representing a discount of 15% to the last published NAV of the 
Company. 
 
 
Dividend 
 
As also announced to the London Stock Exchange on 16 December 2009, the Board 
declared an interim dividend of 1p per ordinary share in respect of the year 
ended 30 September 2009. It will be paid on 5 February 2010 to ordinary 
shareholders on the Register of Members at the close of business on 29 December 
2009. 
 
 
 
The number of ordinary shares in issue was 34,956,673 as at 11 January 2010. 
 
 
Ends 
For information please contact: 
 
 
Nick Ross, Director, 
Acuity VCT 3 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 2009 to the date of 
publication of this statement and their impact of the financial position of 
Acuity VCT 3 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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