Interim Management Statement

RNS Number : 5485S

Foresight VCT PLC

20 May 2009

 



Foresight VCT plc

Interim Management Statement for the Quarter Ended 31 March 2009

Foresight VCT plc presents its interim management statement for the quarter ended 31 March 2009. This constitutes the company's first interim management statement for the financial year ending 31 December 2009, 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 2009 was 38.9p (31 December 2008: 42.2p).  The Board is not aware of any 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 March 2009 was 47,053,292. During the three months ended 31 March 2009 677,502 shares were issued but no shares were re-purchased by the company for cancellation.

Net assets at 31 March 2009 comprised the following:

	£'000	% of Net Assets
Unquoted Investments at fair value as determined by the Directors	11,799	64.4
Quoted investments at bid price	3,052	16.7
Total venture capital investments	14,851	81.1
Net Current Assets	3,461	18.9
Net Assets	18,312	100.0

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

During the three months ended 31 March 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
Diagnos Holdings	Automotive Diagnostic Hardware and Software	750
SkillsMarket	Web based recruitment and career management system	34
@Futsal	Indoor Futsal Centres	29

Investment disposals:

None

For further information please contact:

Gary Fraser, Foresight Group:                                    01732 471 800

 

END

 

 

IMSGLGDULUDGGCG