Interim Management Statement (6678B)
February 22 2011 - 10:44AM
UK Regulatory
TIDMAQT3
RNS Number : 6678B
Acuity VCT 3 PLC
22 February 2011
Acuity VCT 3 Plc ("the Company")
Interim Management Statement
22 February 2011
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 1 October 2010 to
31 December 2010.
Stuart Stradling, Acuity VCT 3 Plc's Chairman said:
The value of the portfolio remains unchanged since the year end.
I hope to update you shortly regarding the change of Investment
Manager.
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 2010. However, calculated on the basis of
the net asset value at 30 September 2010 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
2010 was unchanged by comparison with 61.9p per share at 30
September 2010.
Investments and realisations
The Company invested a total of GBP1.0 million in the three
months to 31 December 2010.
The largest investments made in the period were GBP0.4 million,
in each of, Loseley Dairy Ice Cream Limited and The Fin Machine
Company.
During the three months to 31 December 2010, the Company
received proceeds of GBP0.9 million from the realisation of Amber
Taverns and GBP0.9 million from the realisation of Mount
Engineering Plc.
After the 31 December, the Company made further follow-on
investments totalling GBP0.6 million, the largest, a committed
follow-on Investment in Red Reef Media Limited for GBP0.3
million.
Share Buybacks
During the three months to 31 December the Company has not
acquired any shares for cancellation, as the Company was in a close
period.
The number of ordinary shares in issue was 34,337,164 as at 21
February 2011.
AGM
The Annual General Meeting of the Company will be held at the
offices of KPMG, 8 Salisbury Square, London, EC4Y 8BB on 25 March
2011 at 11am. The notice of Annual General Meeting and Form of
Proxy will be posted to shareholders shortly.
Ends
For information please contact:
Nick Ross, Director Acuity VCT 3 Plc
0207 306 3901
This statement aims to give an indication of material events and
transactions that have taken place during the period from 1 October
2010 to the date of publication of this statement and their impact
on 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 differences 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
IMSTTMATMBITBJB
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