Interim Management Statement

RNS Number : 4226U

Maven Income and Growth VCT 3 PLC

14 October 2010

 



Interim Management Statement

Maven Income and Growth VCT 3 PLC

Interim Management Statement

1.         Net Asset Value

The Ordinary Share net asset value (NAV) was 75.8p per share at 31 August 2010 (76.4p at 31 May 2010).

The NAV shown above is unaudited and reflects the closing bid prices of quoted securities at 31 August 2010. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 31 May 2010 adjusted for material developments within the portfolio since that date.  

2.         Investments and disposals

During the quarter ended 31 August 2010, investments totalling £453,000 were made in three unlisted companies. During the same period, a combination of partial and complete disposals of six investments generated aggregate proceeds of £113,000 against cost of £133,000.

There were no other material transactions during the period under review. 

3.         Recent developments

Since 31 August 2010, an investment of £27,000 was made in an unlisted company and a combination of partial and complete disposals of eight investments have generated aggregate proceeds of £549,000 against cost of £488,000.

The Board is not aware of any other events or transactions that have taken place between 31 August 2010 and the date of publication of this statement and which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP, Secretary

14 October 2010

 

END

 

 

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