Octopus Apollo VCT 4 PLC : Interim Management Statement
June 01 2012 - 6:16AM
UK Regulatory
TIDMOAP4
Octopus Apollo VCT 4 PLC
Interim Management Statement
1 June 2012
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus Apollo VCT 4 plc ("Apollo 4" or "Fund") presents an
Interim Management Statement for the period 1 February 2012 to 30 April 2012.
The statement also includes relevant financial information between the end of
the period and the date of this statement.
Financial Summary
+----------------------------+-------------------------+-----------------------+
| |3 months to 30 April 2012|Year to 31 January 2012|
+----------------------------+-------------------------+-----------------------+
| | | |
+----------------------------+-------------------------+-----------------------+
|Net assets ( GBP'000s) | 11,235| 11,192|
+----------------------------+-------------------------+-----------------------+
|Net profit after tax | | |
|( GBP'000s) | 43| 661|
+----------------------------+-------------------------+-----------------------+
|Net asset value per share | | |
|("NAV") | 97.7p| 97.3p|
+----------------------------+-------------------------+-----------------------+
Investment performance
At 30 April 2012 the NAV of the Fund was 97.7p, which compares to 97.3p at 31
January 2012. The Fund performance is as a result of the profit on the sale of
an investment in the year to 31 January 2012 and the consistent income stream
generated by the Fund exceeding its running costs. There have been no changes in
the valuations of the companies in its portfolio.
During the period under review, an investment of GBP750,000 was made in Technical
Software Consultants Limited.
Unquoted Investment Portfolio by Value as at 30 April 2012
+------------------------+------------------+------------------+---------------+
| | | Carrying value| |
|Company | Investment class| GBP'000|% of Net Assets|
+------------------------+------------------+------------------+---------------+
|Salus Services Holdings | | | |
|1 Limited | Care homes| 1,882| 16.8%|
+------------------------+------------------+------------------+---------------+
|Clifford Thames Group | | | |
|Limited | Automotive| 1,545| 13.8%|
+------------------------+------------------+------------------+---------------+
|CSL DualCom Limited | Security devices| 1,444| 12.9%|
+------------------------+------------------+------------------+---------------+
|Salus Services 2 Limited| Care homes| 1,000| 8.9%|
+------------------------+------------------+------------------+---------------+
|Resilient Corporate | | | |
|Services Limited | Solar| 1,000| 8.9%|
+------------------------+------------------+------------------+---------------+
|Borro Loan 2 Limited | Pawn Brokers| 1,000| 8.9%|
+------------------------+------------------+------------------+---------------+
|Technical Software | | | |
|Consultants Limited | Crack detection| 750| 6.7%|
+------------------------+------------------+------------------+---------------+
|Atlantic Screen | | | |
|International Limited | Media| 600| 5.3%|
+------------------------+------------------+------------------+---------------+
|Bluebell Telecom Group | | | |
|Limited |Telecommunications| 555| 4.9%|
+------------------------+------------------+------------------+---------------+
|Donoma Power Limited | Solar| 500| 4.5%|
+------------------------+------------------+------------------+---------------+
Dividends
For the year to 31 January 2012, the Board declared a dividend of 1.0p per
share. This dividend will be paid, if approved by shareholders at the AGM, on
9 August 2012 to those shareholders who are on the register on 13 July 2012.
Material events and transactions
The Fund's Board is not aware of any other significant event or transaction
which has occurred between the 1 February 2012 and the date of publication of
this statement which would have a material impact on the financial position on
the Fund.
For further information please contact:
Stuart Nicol - Fund Manager
Octopus Investments Limited - 0800 316 2347
ENDS
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: Octopus Apollo VCT 4 PLC via Thomson Reuters ONE
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