TIDMIE1C
Ingenious Entertainment VCT 1 plc ("the Company")
Interim Management Statement
For the period 1 July 2011 to 2 November 2011
In accordance with Rule 4.3 of the Disclosure and Transparency
Rules of the UK Listing Authority, Ingenious Entertainment VCT 1
plc presents an Interim Management Statement for the period from 1
July to 2 November 2011.
OVERVIEW
A number of successful events took place during this period
which were supported or brought to market by companies in which the
Company and Ingenious Entertainment VCT 2 plc (together "the
Entertainment VCTs") have invested.
In particular, as a result of the success of the 80s Rewind
Festival, the value of the underlying investment behind this event
has been written up within the Ordinary Share Fund by more than
GBP30,000.
The Company has continued to actively review and source a number
of prospective new investment opportunities jointly with Ingenious
Entertainment VCT 2 plc. Any new investments made will be announced
in the Company's annual accounts.
The Company fully expects to meet the investment deadline in
respect of the C Share Fund and will deploy the required amount
(70%) in qualifying investments by 1 January 2012.
DIVIDENDS
On 31 August 2011, an interim dividend of 5p per D Share was
paid to all D shareholders. This was the first D Share dividend
payment to have been distributed.
The Entertainment VCTs intend to pay regular dividends on an
annual basis, subject to Board approval as well as having
sufficient distributable reserves.
SHARE BUY-BACKS
The Company did not buy back any of its own shares during the
period.
NON-QUALIFYING INVESTMENTS
Currently, GBP10.7 million of the remaining proceeds raised by
the Company under its Ordinary Share offer, the C Share offer, the
D Share offer, and the E and F Share offers (see below) is invested
by the Manager in a number of cash funds (OEICs) in accordance with
the Investment Policy of each share class. Such investments have
been made while the majority of those funds await investment in
suitable VCT qualifying investments.
ALLOTMENT OF E & F SHARES
The E & F Share offers closed on 29 July 2011, with a
further 133,187 E Shares being issued and a further 63,661 F Shares
being issued. The total number of issued E Shares is now 2,846,122
and the total number of issued F Shares is now 1,572,095.
Period ended 30 September 2011 30 June 2011
Net Asset Value
Ordinary Share 8,325,000 8,323,000
C Share 2,183,000 2,199,000
D Share 5,824,000 6,191,000
E Share 2,664,000 2,550,000
F Share 1,461,000 1,420,000
Period ended 30 September 2011 30 June 2011
Net Asset Value Total Return
Ordinary Share 9,345,000 9,344,000
C Share 2,465,000 2,480,000
D Share 6,161,000 6,191,000
E Share 2,664,000 2,550,000
F Share 1,461,000 1,420,000
Period ended 30 September 2011 30 June 2011
Net Asset Value per Share
Ordinary Share 81.6p 81.6p
C Share 77.7p 78.2p
D Share 86.5p 91.2p
E Share 93.6p 94.0p
F Share 92.9p 94.1p
Period ended 30 September 2011 30 June 2011
Shares in Issue (Number)
Ordinary Share 10,205,011 10,205,011
C Share 2,810,596 2,810,596
D Share 6,785,642 6,785,642
E Share 2,846,122 2,712,935
F Share 1,572,095 1,508,434
The Company's board of directors and the investment manager are
not aware of any significant event or transaction which has
occurred between 1 July and 2 November 2011 which had a material
effect on the financial position of the Company that has not been
detailed above.
A copy of this interim management statement can be obtained from
the following websites:
www.londonstockexchange.com
www.ingeniousvcts.co.uk
Enquiries toSarah CruickshankCompany SecretaryIngenious
Entertainment VCT 1 plc15 Golden SquareLondonW1F 9JG
0207 319 4000
MHP CommunicationsReg Hoare / Barnaby Fry / Simon Hockridge /
Giles Robinson
Tel: 020 3128 8100ingenious@mhpc.com
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