Octopus Apollo VCT 3 plc : Interim Management S...

Octopus Apollo VCT 3 PLC
Interim Management Statement

24 October 2011

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus Apollo VCT 3 plc ("Apollo 3" or "Fund") presents an
Interim Management Statement for the period 1 August 2011 to 30 September
2011.  The statement also includes relevant financial information between the
end of the period and the date of this statement.
Financial Summary
+---------------------------+--------------------------+-----------------------+
|                           |  8 months to 30 September|    6 months to 31 July|
|                           |                      2011|                   2011|
+---------------------------+--------------------------+-----------------------+
|                           |                          |                       |
+---------------------------+--------------------------+-----------------------+
|Net assets (£'000s)        |                    24,497|                 24,418|
+---------------------------+--------------------------+-----------------------+
|Net profit after tax       |                          |                       |
|(£'000s)                   |                       593|                    514|
+---------------------------+--------------------------+-----------------------+
|Net asset value per share  |                          |                       |
|("NAV")                    |                     90.3p|                  90.0p|
+---------------------------+--------------------------+-----------------------+
|Cumulative dividends paid  |                          |                       |
|since launch               |                     10.5p|                  10.5p|
+---------------------------+--------------------------+-----------------------+
|NAV plus cumulative        |                          |                       |
|dividends paid             |                    100.8p|                 100.5p|
+---------------------------+--------------------------+-----------------------+
Investment performance
At  30 September 2011 the  NAV plus  cumulative dividends  paid of  the Fund was
100.8p, which  compares  to  100.5p at  31 July  2011. The Fund has continued to
perform  well as  a result  of the  consistent income  stream over and above the
running  costs of the Fund,  and in absence of  any changes in the valuations of
the companies in its portfolio.
During the period under review, a follow-on investment of £75,194 was made in
Carebase (Col) Limited, a construction company. This forms a part of the overall
£475,572 investment made in this company.
Top Ten Investment Portfolio by Value as at 30 September 2011
+------------------------+------------------+------------------+---------------+
|                        |                  |    Carrying value|               |
|Company                 |  Investment class|             £'000|% of Net Assets|
+------------------------+------------------+------------------+---------------+
|Salus Services 1        |                  |                  |               |
|Holdings Limited        |        Care homes|             4,000|          16.3%|
+------------------------+------------------+------------------+---------------+
|Clifford Thames Group   |                  |                  |               |
|Limited                 |        Automotive|             3,314|          13.5%|
+------------------------+------------------+------------------+---------------+
|CSL DualCom Limited     |  Security devices|             3,249|          13.3%|
+------------------------+------------------+------------------+---------------+
|Bluebell Telecom Limited| Telecommunication|             2,220|           9.1%|
+------------------------+------------------+------------------+---------------+
|Autologic Diagnostics   |                  |                  |               |
|Holdings Limited        |        Automotive|             2,218|           9.1%|
+------------------------+------------------+------------------+---------------+
|Project Tristar Limited |Chauffeur services|             1,052|           4.3%|
+------------------------+------------------+------------------+---------------+
|Ticketing Services 1    |                  |                  |               |
|Limited                 |         Ticketing|             1,000|           4.1%|
+------------------------+------------------+------------------+---------------+
|Ticketing Services 2    |                  |                  |               |
|Limited                 |         Ticketing|             1,000|           4.1%|
+------------------------+------------------+------------------+---------------+
|Resilient Corporate     |                  |                  |               |
|Services Limited        | Business Services|             1,000|           4.1%|
+------------------------+------------------+------------------+---------------+
|Bruce Dunlop &          |                  |                  |               |
|Associates International|                  |                  |               |
|Limited                 |             Media|               969|           4.0%|
+------------------------+------------------+------------------+---------------+



Dividends

For the half year to 31 July 2011, the Board declared a dividend of 2.0p per
share.  This dividend will be paid on 18 November 2011 to those shareholders who
are on the register on 21 October 2011.
Material events and transactions
The Fund's Board is not aware of any other significant event or transaction
which has occurred between the 1 August 2011 and the date of publication of this
statement which would have a material impact on the financial position on the
Fund.

For further information please contact:
Stuart Nicol - Fund Manager
Octopus Investments Limited - 0800 316 2347

ENDS






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Source: Octopus Apollo VCT 3 plc via Thomson Reuters ONE

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