Interim Management Statement

RNS Number : 6563V

Foresight 4 VCT PLC

14 July 2009

 



Foresight 4 VCT plc

Interim Management Statement for the Quarter Ended 31 May 2009

Foresight 4 VCT plc presents its interim management statement for the quarter ended 31 May 2009. This constitutes the company's first interim management statement for the financial year ending 28 February 2010, 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 31 May 2009 was 100.9p (28 February 2009: 96.2p). The Board is not aware of any other significant events or transactions between the date of the NAV and the date of publication of this Interim Management Statement.

The number of ordinary shares in issue at 31 May 2009 was 24,554,375. During the three months ended 31 May 2009 1,121,409 shares were issued and no shares were re-purchased by the company for cancellation.

Net assets at 31 May 2009 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	18,807		75.9
Quoted investments at bid price	448		1.8
Total venture capital investments	19,255		77.7
Net Current Assets	5,524		22.3
Net Assets	24,779		100.0

Quoted investments are carried at bid price as at 31 May 2009. Unquoted investments are carried at fair value as at 31 May 2009 as determined by the directors.

During the three months ended 31 May 2009 the following significant investment transactions took place (all companies unquoted except where otherwise indicated):

New and follow-on investments:

Name of Company	Business Activity	Amount Invested £'000
Snell Limited	Specialist broadcast equipment	224
TFC Europe	Technical fasteners for aerospace and automotive use	100

Investment disposals:

Name of Company	Business Activity	Original Cost  £'000	Proceeds £'000
Snell & Wilcox Holdings	Specialist broadcast equipment	827	531
Datapath Holdings	Computer graphics cards and video capture hardware	205	205
The Casella Group	Environmental consultancy	172	27

For further information please contact:

Gary Fraser, Foresight Group:            01732 471 800

 

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