Interim Management Statement (9283L)
August 08 2011 - 6:45AM
UK Regulatory
TIDMOIG
RNS Number : 9283L
Oryx International Growth Fund Ld
08 August 2011
ORYX INTERNATIONAL GROWTH FUND LIMITED
8 August 2011
INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE
2011
Oryx International Growth Fund Limited ("Oryx" or the
"Company"), is publishing this Interim Management Statement in
accordance with DTR 4.3 of the FSA Handbook.
This interim management statement has been produced solely to
provide additional information to shareholders as a body to meet
the relevant requirements of the UK Listing Authority's Disclosure
and Transparency Rules. It should not be relied upon by any other
party or for any other purpose.
This interim management statement relates to the period from 1
April 2011 to 30 June 2011, and contains information that covers
this period, and up to the date of publication of this interim
management statement, unless otherwise specified.
Manager's Review
Markets drifted for the majority of the period under review with
the FTSE Small Cap TR Index up 0.7% and the FTSE All-Share TR Index
(GBP) down 0.9%. It is pleasing to report that against this
backdrop the net asset value rose by 8.8% to 296p per share. The
increase in the portfolio was broadly based, although there was no
movement in the value of the unquoted portfolio. Whilst current
market conditions are difficult the manager believes there is
inherent value in the portfolio which will be realised in the next
quarter.
Material Transactions Since 1 April 2011 the Company has
purchased for cancellation the following shares:
15 April 2011 a total of 250,000 ordinary shares at a gross
price of GBP2.30 per share. 27 May 2011 a total of 170,000 ordinary
shares at a gross price of GBP2.30 per share.
Material Events There were no material events during the quarter
ended 30 June 2011.
Report and Accounts On 30 June 2011, the Company posted its
Annual Report for the year ended 31 March 2011 to Shareholders
together with a circular containing the Notice convening the
Company's AGM at 11am on 12 August 2011 and details of a proposed
waiver of the Rule 9 provisions of the City Code on Takeovers and
Mergers.
Financial Highlights
30 June 2011 31 March 2011 31 December 2010 30 June 2010
NAV GBP2.96 GBP2.72 GBP2.81 GBP2.35
US Dollar /
Sterling
Exchange Rate 1.6055 1.6029 1.5657 1.4961
Twenty Largest Equity Investments at 30 June 2011
% Net Assets
RPC Group Plc 7.60
CVS Group Plc 7.01
Guinness Peat Group Plc 6.72
BBA Aviation Plc 6.38
Gleeson (M.J.) Group Plc 6.11
Augean 5.34
Orthoproducts Ltd 4.68
Quarto Group Inc 4.54
GTL Resources Plc 4.19
Bavaria Industriekapital AG 4.02
Idox Plc 3.92
Sinclair Pharma Plc 3.51
Innovation Group Plc 3.39
Catalyst Media Group Plc 3.38
Redhall Group Plc 3.21
Journey Group Plc 2.99
Nastor Inv Ltd Zero Redeem Prefer Shares 2.38
Bionostics Holdings Ltd 2.19
Green Co2 Plc 2.13
Celsis AG 1.64
85.33
The financial information for the quarter ended 30 June 2011
contained within this Interim Management Statement has not been
audited.
By order of the Board
BNP Paribas Fund Services (Guernsey) Limited, for and on behalf
of Oryx International Growth Fund Limited as Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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