Interim Management Statement
July 19 2007 - 12:00PM
UK Regulatory
RNS Number:5572A
Ventus 3 VCT PLC
19 July 2007
VENTUS 3 VCT PLC
Interim Management Statement - Quarter ended 31 May 2007
Ventus 3 VCT plc (the "Company") presents its interim management statement for
the period ended 30 June 2007. This constitutes the Company's first interim
management statement for the financial year ending 28 February 2008, as required
by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The Company published its Annual Report on 30 May 2007 covering the first full
year of investment activity. This interim management statement summarises the
information as at the date of the Annual Report and further developments up to
30 June 2007.
Net Asset Value
Net Asset Value ("NAV") as at the date of the last Annual Report totalled #10.6
million or 94.5 pence per share. There has been no significant change in NAV
between 28 February 2007 and the date of this report.
Dividends
The final dividend for the year ended 28 February 2007 of 0.75 pence per share
was approved at the Annual General Meeting on 2 July 2007. This will be paid on
6 August 2007 to all shareholders on the register as at the close of business on
13 July 2007 and will result in a total annual dividend of 1.50 pence per share.
Investments
As at the date of this statement the Company has invested #378,822 in two
companies. The Company has also entered in to exclusivity agreements with two
companies in respect of a further #670,000 of potential investments.
All investments to date have been or will be structured so as to be treated as
qualifying holdings for the purposes of VCT regulations by 1 March 2009.
For further details please see the Investment Manager's Report in the Company's
Annual Report for the year ended 28 February 2007.
Other than described above, the Board is not aware of any material events during
the period from 1 March 2007 to the date of this statement which would have had
a material impact on the financial position of the Company.
Issued on behalf of the Board
Capita Company Secretarial Services Ltd,
Company Secretary
19 July 2007
This information is provided by RNS
The company news service from the London Stock Exchange
END
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