Interim Management Statement

RNS Number : 5523C

Aberdeen Grwth Opp VCT2 PLC

16 November 2009

 



Aberdeen Growth Opportunities VCT 2 PLC 

Interim Management Statement 

Net Asset Value

 

·         Ordinary share net asset value (NAV) of 98.5p at 30 September 2009

 

·         S Ordinary share net asset value (NAV) of 94.2p at 30 September 2009

 

The NAVs shown above are unaudited and reflect the closing bid prices of quoted securities at 30 September 2009. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 30 June 2009 adjusted for material developments within the portfolios since that date.  

Investments and disposals

During the quarter ended 30 September 2009, the Ordinary share portfolio invested £37,000 in Adler and Allan. During the same period, disposals generated aggregate proceeds of £473,613 against cost of £457,820.

The S share portfolio invested £19,000 in the same company and during the same period, generated aggregate disposals proceeds of £165,324 against cost of £145,250.

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

Recent developments 

No further investments have been made between 30 September 2009 and the date of this statement. Since 30 September 2009, the investment in Cyclotech has been sold, realising proceeds of £688,000 and £275,000 for the Ordinary and S ordinary portfolios, compared with costs of £248,661 and £99,464 respectively. During that period, further disposals generated proceeds of £18,331 for each of the Ordinary share portfolio and the S share portfolio against similar costs

The Board is not aware of any other events or transactions that have taken place between 30 September 

2009 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

Aberdeen Asset Management PLC, Secretary

16 November 2009

 

END

 

 

IMSGUGWGGUPBGUQ