Foresight Solar VCT Foresight Solar Vct Plc : Interim Management Statement
May 12 2015 - 8:12AM
UK Regulatory
TIDMFTSV
Foresight Solar VCT plc
Interim Management Statement for the Quarter Ended 31 March 2015
Foresight Solar VCT plc presents its interim management statement for
the quarter ended 31 March 2015.
The unaudited net asset value (NAV) per Ordinary share as at 31 March
2015 was 107.5p (31 December 2014: 104.7p).
The unaudited net asset value (NAV) per C share as at 31 March 2015 was
92.9p (31 December 2014: 95.0p).
In line with original expectations, interim dividends of 3.0p per
Ordinary Share and 2.5p per C Share were paid to shareholders on 10
April 2015.
At 31 March 2015, there were 38,331,956 Ordinary shares in issue. There
were no share movements during the three months ended 31 March 2015 on
the ordinary shares fund.
At 31 March 2015 there were 12,511,089 C shares in issue. There were no
share movements during the three months ended 31 March 2015 on the C
Shares fund.
The net assets at 31 March 2015 comprised the following:
% of Net
Ordinary Shares Fund GBP'000 Assets
Unquoted Investments at fair value as determined by
the Directors 40,981 99.5%
Quoted investments at bid price 0 0%
Total venture capital investments 40,981 99.5%
Cash & liquid investments 28 0.1%
Other net current assets 186 0.4%
Net Assets 41,195 100.0
% of Net
C Shares Fund GBP'000 Assets
Unquoted Investments at fair value as determined by
the Directors 9,793 84.2%
Quoted investments at bid price 0 0%
Total venture capital investments 9,793 84.2%
Cash & liquid investments 1,528 13.2%
Other net current assets 304 2.6%
Net Assets 11,625 100.0
There were no purchases or sales in the period.
Shareholder Individual Roll-Over Option
As noted in the original prospectus, the Board undertook to write to
Shareholders with respect to their individual roll-over option choices
which was envisaged to be in June 2015, four years after the original
offer closed in June 2011.
As the original offer was eventually extended until November 2011, the
Board will now write to Shareholders in advance of November 2015, four
years after the actual final close of the offer and in line with their
original intention.
For further information please contact:
Gary Fraser, Foresight Group: 020 3667 8100
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Foresight Solar VCT PLC via Globenewswire
HUG#1920954
http://www.foresightgroup.eu/
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