Foresight Solar VCT PLC : Interim Management St...

Foresight Solar VCT plc
Interim Management Statement for the Quarter Ended 31 March 2014

Foresight Solar VCT plc presents its interim management statement for the quarter ended 31 March 2014. This constitutes the company's second interim management statement for the financial year ending 30 June 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 31 March 2014 was 109.1p (31 December 2013: 111.1p).

 

The unaudited net asset value (NAV) per C share as at 31 March 2014 was 98.5p (31 December 2013: 98.3p).

 

In line with original expectations, an interim dividend of 3.0p per Ordinary Share was paid to shareholders on 4 April 2014.

 

At 31 March 2014, there were 38,366,252 ordinary shares in issue. There were no share movements during the three months ended 31 March 2014 on the ordinary shares fund.

At 31 March 2014 there were 12,324,236 C shares in issue. During the three months ended 31 March 2014 3,853,224 C shares were issued and no shares repurchased for cancellation.

The net assets at 31 March 2014 comprised the following:

Ordinary Shares Fund	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	40,119		95.9%
Quoted investments at bid price	0		0%
Total venture capital investments	40,119		95.9%
Cash & liquid investments	1,359		3.2%
Other net current assets	372		0.9%
Net Assets	41,850		100.0

C Shares Fund	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	10,000		82.3%
Quoted investments at bid price	0		0%
Total venture capital investments	0		82.3%
Cash & liquid investments	1,050		8.7%
Other net current assets	1,095		9.0%
Net Assets	12,145		100.0

There were no purchases or sales in the period.

For further information please contact:
Gary Fraser, Foresight Group:                            020 3667 8100

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Foresight Solar VCT PLC via Globenewswire

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