Ortus VCT PLC Interim Management Statement (9384V)
January 18 2013 - 11:52AM
UK Regulatory
TIDMORT
RNS Number : 9384V
Ortus VCT PLC
18 January 2013
Ortus VCT PLC
Interim Management Statement
Quarter ended 30 November 2012
1. Net Asset Value
The net asset value (NAV) was 33.2p at 30 November 2012 compared
to 33.4p at 31 August 2012.
The NAV at 30 November 2012 reflects the valuation of unlisted
investments at 31 August 2012, as shown in the interim report
adjusted for subsequent events where appropriate, and the closing
bid price of quoted securities at 30 November 2012. The Board
undertakes a full valuation review on a six monthly basis except
where a significant development in an unlisted investment requires
an earlier revaluation.
2. Investments Completed During the Quarter
During the quarter ended 30 November 2012, GBP63,000 was
invested in follow-on investments in two companies, namely Networks
by Wireless and TC Communications.
3. Disposals During the Quarter
During the quarter under review realisations totalled GBP110,544
in respect of investments in Attraction World, Moriond and Tosca
Penta Investments.
4. Post-quarter End Update
After the end of the quarter under review, investments totalling
GBP621,610 were made in five companies.
Disposals after the quarter end totalled GBP2,661,746.
The Board announced to the London Stock Exchange on 30 October
2012 that it had entered merger discussions with Maven Income and
Growth VCT 4 PLC to merge the two companies. A further announcement
will be issued in due course.
The Board is not aware of any other events or transactions that
have taken place between 30 November 2012 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
Maven Capital Partners UK LLP, Secretary
18 January 2013
This information is provided by RNS
The company news service from the London Stock Exchange
END
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