GFV Guin.Flght Vct

 

TIDMGFV 
 
RNS Number : 6381L 
Guinness Flight Venture Cap Tst PLC 
14 January 2009 
 

Guinness Flight Venture Capital Trust PLC 
 
 
Interim Management Statement - Quarter ended 30 November 2008 
 
 
 
 
 
 
1.Net Asset Value 
 
 
The Net Asset Value at 30 November 2008 was 45.3p compared to 49.43p at 31 
August 2008. 
 
 
On 4 December 2008, the Company announced that one of the portfolio companies 
was in discussions with its funders and the Directors had prudently taken a full 
provision against the valuation of the investment, pending the outcome of those 
discussions. The effect of this provision was to reduce net asset value per 
share by 4.01p. 
 
 
The NAV at 30 November 2008 reflects the valuation of unlisted investments at 31 
August 2008, as shown in the interim report, except for the revaluation 
mentioned above, and the closing bid price of quoted securities at 31 
August 2008. The Board undertakes a full valuation review on a six monthly 
basis except where a significant development in an investment requires an 
earlier revaluation. 
 
 
 
 
2.        Investments Completed During the Quarter 
 
 
No new investments were made during the quarter under review. 
 
 
 
 
3.        Disposals during the quarter 
 
 
During the quarter, proceeds of GBP56,250 were received from the redemption of 
loan stock in Ashford Colour Press. 
 
 
 
 
4.        Update 
 
 
The Board is not aware of any other events or transactions that have taken place 
between 30 August 2008 and the date of publication of this statement which would 
have had a material impact on the financial position of the Company. 
 
 
Issued on behalf of the Board 
Aberdeen Asset Management PLC, Secretary 
14 January 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 IMSGUUCCGUPBGCC 
 

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