SPARK VCT 2 plc ('the Company')
Interim Management Statement
This Interim Management Statement for the quarter ended 31 March 2009, is
unaudited and is provided in accordance with Rule 4.3 of the Disclosure and
Transparency Rules of the UK Listing Authority. The statement also includes
relevant information from the period from 1 April 2009 to the date of issue.
The Statement has been prepared solely to provide additional information in
order to meet the relevant requirements of the UK Listing Authority's
Disclosure and Transparency Rules, and should not be relied on by Shareholders,
or any other party, for any other purpose.
Net Asset Value (NAV)
The NAV as at 31 March 2009 was 35.8p per share compared with an NAV of 36.4p
per share as at 31 December 2008. Of this decline in NAV, 34.4% is due to a
re-valuation in the quoted venture capital portfolio and 24.7% is due to a
downward re-valuation of the unquoted investment in Skinkers Limited. The
remaining movement reflects the effects of net operating losses for the period
and share buy-backs.
Venture Capital Investments
During the quarter the Company made four follow-on investments totalling £
372,000. Since the quarter end, two follow-on investments in total of £207,000
have been made.
The number of ordinary shares in issue at 31 March 2009 was 77,990,533. During
the quarter ended 31 March 2009, 544,343 shares were bought back.
Other than described above, the Board is not aware of any events during the
period from 31 March 2009 to the date of this statement, which would have had a
material impact on the financial position of the Company.
Issued on behalf of the Board
19 May 2009