Foresight 3 VCT PLC Foresight 3 VCT PLC : Interim Management Statement
March 05 2013 - 11:44AM
UK Regulatory
TIDMFTD
Foresight 3 VCT plc
Interim Management Statement for the Quarter Ended 31 December 2012
Foresight 3 VCT plc presents its Interim Management Statement for the quarter
ended 31 December 2012. This constitutes the company's second Interim
Management Statement for the financial year ending 31 March 2013, as required by
the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The unaudited net asset value (NAV) per ordinary share as at 31 December 2012
was 78.3p (30 September 2012: 77.8p).
At 31 December 2012, there were 50,644,166 Ordinary Shares in issue. During the
three months ended 31 December 2012 there were no shares issued or repurchased.
The net assets at 31 December 2012 comprised the following:
GBP'000 % of Net Assets
Unquoted Investments at fair value as determined by the
Directors 35,555 89.8
Quoted investments at bid price 1,461 3.7
-------- ----------------
Total venture capital investments 37,016 93.5
Cash & liquid investments 1,071 2.7
Other net current assets 1,544 3.8
-------- ----------------
Net Assets 39,631 100.0
-------- ----------------
Quoted investments are stated at bid price as at 31 December 2012. Unquoted
investments are stated at fair value as at 31 December 2012 as determined by the
Directors.
During the three months ended 31 December 2012 the following significant
investment transactions took place:
Follow-on unquoted investments:
+-------------------------+------------------------------------+---------------+
|Name of Company |Business Activity |Amount Invested|
| | | GBP'000 |
+-------------------------+------------------------------------+---------------+
|2K Manufacturing |Manufactures plastic boards from low|542 |
| |grade mixed waste plastics | |
+-------------------------+------------------------------------+---------------+
|The Bunker Secure Hosting|Provision of high security IT|42 |
| |hosting and co-location services | |
+-------------------------+------------------------------------+---------------+
Unquoted investment disposal:
+---------------+---------------------------------------+-------------+--------+
|Name of Company|Business Activity |Original Cost|Proceeds|
| | | GBP'000 | |
| | | | GBP'000 |
+---------------+---------------------------------------+-------------+--------+
|i-plas Group |Manufactures building products from|131 |131 |
| |waste plastic | | |
+---------------+---------------------------------------+-------------+--------+
|Crumb Rubber |Manufacture of fine rubber powder from|23 |23 |
| |recycled tyres | | |
+---------------+---------------------------------------+-------------+--------+
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Foresight 3 VCT PLC via Thomson Reuters ONE
[HUG#1683197]
Foresight 3 Vct (LSE:FTD)
Historical Stock Chart
From Dec 2024 to Jan 2025
Foresight 3 Vct (LSE:FTD)
Historical Stock Chart
From Jan 2024 to Jan 2025
