Elderstreet VCT plc : Interim Management Statement

Elderstreet VCT plc
Interim Management Statement
for the three months ended 30 September 2012

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Elderstreet VCT plc presents an Interim Management Statement for the three month period ended 30 September 2012.  The statement also includes relevant financial information between the end of the period and the date of this statement.

Performance

	30 Sept 2012	30 Jun 2012	31 Mar 2012	31 Dec 2011
	Pence	Pence	Pence	Pence
	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
Net asset value per share	61.8	63.6	66.8	65.7
Cumulative dividends paid per share	56.0	56.0	54.0	54.0
Total return per share	117.8	119.6	120.8	119.7

Dividends
On 28 August 2012, the Company declared an interim dividend of 2.0p per share for the year to 31 December 2012, payable on 7 December 2012 to Shareholders on the register at 9 November 2012.

Unaudited investment portfolio summary at 30 September 2012

	Cost	Valuation	Valuation movement between 1 July 2012 and 30 Sep 2012
	£'000	£'000	£'000
Ten largest investments by value
Fords Packaging Systems Limited	1,047	1,845	-
Wessex Advanced Switching Products Limited	60	1,799	-
AngloINFO Limited	1,108	1,483	-
Access Intelligence plc *	1,633	1,408	(223)
Smart Education Limited	877	1,371	-
Lyalvale Express Limited	915	1,255	-
B & F Management Limited	700	700	-
Baldwin & Francis (Holdings) Limited	690	690	-
Fulcrum Utility Services Limited *	500	583	(209)
Concorde Solutions Limited	500	500	-
Subtotal	8,030	11,634	(432)
Other venture capital investments	5,503	1,951	(256)
Fixed income securities	1,454	1,499	3
Total	14,987	15,084	(685)

All investments are unquoted unless otherwise stated.
* Quoted on AIM

Investment additions during the three months ended 30 September 2012
There have been no additions in the three months ended 30 September 2012 or between the period end and the date of this announcement.

Investment disposals during the three months ended 30 September 2012
There have been no disposals in the three months ended 30 September 2012 or between the period end and the date of this announcement.

Changes to share capital

	Ordinary Shares of 5p each
	Shares	£'000
As at 1 July 2012	29,812,249	1,490
Shares bought back and cancelled	-	-
As at 30 September 2012	29,812,249	1,490

There have been no changes to share capital between the period end and the date of this announcement.

Enhanced Share Buyback and Top Up offer
On 26 September 2012 the Company announced proposals to offer Shareholders the opportunity to participate in an Enhanced Share Buyback and, for Shareholders and members of the public, the opportunity to subscribe up to 1,633,221 additional new shares in the Company. The proposals are subject to Shareholder approval at a General Meeting to be held on 7 November 2012.

Material events
Other than described above, there were no material events during the period from 1 July 2012 to 30 September 2012 or in the period from 1 October 2012 to the date of this announcement.

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This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Elderstreet VCT plc via Thomson Reuters ONE

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