Foresight 4 VCT PLC : Interim Management Statement

Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 30 June 2013

Foresight 4 VCT plc presents its interim management statement for the quarter ended 30 June 2013.  This constitutes the company's first interim management statement for the financial year ending 31 March 2014, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.

The unaudited net asset value (NAV) per Ordinary share as at 30 June 2013 was 91.5p (31 March 2013: 87.3p).

The unaudited net asset value (NAV) per C share as at 30 June 2013 was 63.4p (31 March 2013: 95.8p).

At 30 June 2013, there were 38,719,418 Ordinary shares in issue. During the three months ended 30 June 2013 401,724 Ordinary shares were allotted based on an issue price of 84.0p and 92.6p per share. As part of the enhanced buyback 2,277,357 Ordinary shares were bought back and 2,210,460 Ordinary shares were issued.

At 30 June 2013, there were 18,680,904 C shares in issue. As part of the enhanced buyback 2,171,768 C shares were bought back and 2,107,932 C shares were issued.

Net assets of the Ordinary Shares fund at 30 June 2013 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	31,533,371		89.0%
Quoted investments at bid price	845,566		2.4%
Total venture capital investments	32,378,937		91.4%
Net Current Assets	3,055,398		8.6%
Net Assets	35,434,335		100.0%

Net assets of the C Shares fund at 30 June 2013 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	9,997,996		84.4%
Quoted investments at bid price	-		-
Total venture capital investments	9,997,996		84.4%
Net Current Assets	1,847,249		15.6%
Net Assets	11,845,245		100.0%

Quoted investments are stated at bid price as at 30 June 2013.  Unquoted investments are stated at fair value as at 30 June 2013 as determined by the Directors.

During the three months ended 30 June 2013 the following significant investment transactions took place (all companies unquoted except where otherwise indicated):

Ordinary Shares Portfolio

New and follow-on investments:

Name of Company	Business Activity	Amount Invested £'000
Aerospace Tooling	Specialist repair of gas/jet turbine components.	600
Procam Television	Leading broadcast hire company	250
The Bunker	Ultra secure data centres	128
Trilogy Communications	Supplier of audio communication and infrastructure equipment	110

Investment disposals:

There were no disposals during the period.

C Shares Portfolio

New and follow-on investments:

Name of Company	Business Activity	Amount Invested £'000
Aerospace Tooling	Specialist repair of gas/jet turbine components.	900
The Fin Machine	Manufacturer of special-purpose capital equipment	750
Connect2Media	Developer, publisher and distributor of digital media entertainment	650
Procam Television	Leading broadcast hire company	400

Investment disposals:

Name of Company	Business Activity	Original Cost £'000	Proceeds £'000
Leisure Efficiency III	Company preparing to trade	2,000	2,000
Leisure Efficiency II	Company preparing to trade	600	600
Wholesale Efficiency II	Company preparing to trade	500	500

For further information please contact:

Gary Fraser, Foresight Group:                        01732 471 800

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Source: Foresight 4 VCT PLC via Thomson Reuters ONE

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