Octopus Apollo VCT plc : Interim Management Sta...

Octopus Apollo VCT PLC
Interim Management Statement
                     
9 November 2012

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus Apollo VCT plc ("Apollo " or "Fund") presents an Interim Management Statement for the period 1 August 2012 to 31 October 2012.  The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

	Nine months to 31 October 2012	Six months to 31 July 2012
Net assets (£'000s)	46,808	22,794
Net profit after tax (£'000s)	592	592
Net asset value per share ("NAV")	89.7p	91.0p
Cumulative dividends paid since launch	17.5p	15.5p
NAV plus cumulative dividends paid	107.2p	106.5p

Investment performance
At 31 October 2012 the NAV plus cumulative dividends paid of the Fund was 107.2p, which compares to 106.5p as at 31 July 2012. The Fund has continued to perform well as a result of the consistent income stream over and above the running costs of the Fund.

On 27 September 2012, Octopus Apollo VCT 3 plc merged with Apollo VCT 1, Apollo VCT 2 and Apollo VCT 4. On the same date the merged fund was renamed Octopus Apollo VCT plc. As a result of this merger the net assets of the Fund has increased from 22,794 as at 31 July 2012 to 46,808 as at 31 October 2012.

Top Ten Investment Portfolio by Value as at 31 October 2012

Company	Investment class	Carrying value £'000	% of Net Assets
Clifford Thames Group Limited	Automotive	7,768	16.6%
CSL DualCom Limited	Security devices	6,911	14.8%
Borro Loan 2 Limited	Consumer finance	3,500	7.5%
Bluebell Telecom Services Limited	Telecommunications	3,325	7.1%
Resilient Corporate Services Limited	Business services	2,000	4.3%
Winnipeg Heat Limited	Ground-source heat	2,000	4.3%
Mablaw 555 Limited	Crack detection systems	2,000	4.3%
Shakti Power Limited	Solar	1,825	3.9%
Hydrobolt Limited	Manufacturing	1,389	3.0%
Erie Heat Limited	Ground-source heat	1,000	2.1%

Dividends
For the half year to 31 July 2012, the Board declared a dividend of 2.0p per share.  This dividend will be paid on 16 November 2012 to those shareholders who were on the register on 19 October 2012.

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 2012 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:
Benjamin Davis - Fund Manager
Octopus Investments Limited - 0800 316 2347

ENDS

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(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Octopus Apollo VCT plc via Thomson Reuters ONE

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