Financial Express (Holdings) Limited (“we”, “our”, “us” and derivatives) are committed to protecting and respecting your privacy. This Privacy Policy, together with our Terms of Use, sets out the basis on which any personal data that we collect from you, or that you provide to us, will be processed by us relating to your use of any of the below websites (“sites”).


For the purposes of the Data Protection Act 1998, the data controller is Trustnet Limited of 2nd Floor, Golden House, 30 Great Pulteney Street, London, W1F 9NN. Our nominated representative for the purpose of this Act is Kirsty Witter.


We collect information about you when you register with us or use any of our websites / services. Part of the registration process may include entering personal details & details of your investments.

We may collect information about your computer, including where available your operating system, browser version, domain name and IP address and details of the website that you came from, in order to improve this site.

You confirm that all information you supply is accurate.


In order to provide personalised services to and analyse site traffic, we may use a cookie file which is stored on your browser or the hard drive of your computer. Some of the cookies we use are essential for the sites to operate and may be used to deliver you different content, depending on the type of investor you are.

You can block cookies by activating the setting on your browser which allows you to refuse the setting of all or some cookies. However, if you use your browser settings to block all cookies (including essential cookies) you may not be able to access all or part of our sites. Unless you have adjusted your browser setting so that it will refuse cookies, our system will issue cookies as soon as you visit our sites.


We store and use information you provide as follows:

  • to present content effectively;
  • to provide you with information, products or services that you request from us or which may interest you, tailored to your specific interests, where you have consented to be contacted for such purposes;
  • to carry out our obligations arising from any contracts between you and us;
  • to enable you to participate in interactive features of our service, when you choose to do so;
  • to notify you about changes to our service;
  • to improve our content by tracking group information that describes the habits, usage, patterns and demographics of our customers.

We may also send you emails to provide information and keep you up to date with developments on our sites. It is our policy to have instructions on how to unsubscribe so that you will not receive any future e-mails. You can change your e-mail address at any time.

In order to provide support on the usage of our tools, our support team need access to all information provided in relation to the tool.

We will not disclose your name, email address or postal address or any data that could identify you to any third party without first receiving your permission.

However, you agree that we may disclose to any regulatory authority to which we are subject and to any investment exchange on which we may deal or to its related clearing house (or to investigators, inspectors or agents appointed by them), or to any person empowered to require such information by or under any legal enactment, any information they may request or require relating to you, or if relevant, any of your clients.

You agree that we may pass on information obtained under Money Laundering legislation as we consider necessary to comply with reporting requirements under such legislation.


We want to ensure that the personal information we hold about you is accurate and up to date. You may ask us to correct or remove information that is inaccurate.

You have the right under data protection legislation to access information held about you. If you wish to receive a copy of any personal information we hold, please write to us at 3rd Floor, Hollywood House, Church Street East, Woking, GU21 6HJ. Any access request may be subject to a fee of £10 to meet our costs in providing you with details of the information we hold about you.


The data that we collect from you may be transferred to, and stored at, a destination outside the European Economic Area (“EEA”). It may be processed by staff operating outside the EEA who work for us or for one of our suppliers. Such staff may be engaged in, amongst other things, the provision of support services. By submitting your personal data, you agree to this transfer, storing and processing. We will take all steps reasonably necessary, including the use of encryption, to ensure that your data is treated securely and in accordance with this privacy policy.

Unfortunately, the transmission of information via the internet is not completely secure. Although we will do our best to protect your personal data, we cannot guarantee the security of your data transmitted to our sites; any transmission is at your own risk. You will not hold us responsible for any breach of security unless we have been negligent or in wilful default.


Any changes we make to our privacy policy in the future will be posted on this page and, where appropriate, notified to you by e-mail.


Our sites contain links to other websites. If you follow a link to any of these websites, please note that these websites have their own privacy policies and that we do not accept any responsibility or liability for these policies. Please check these policies before you submit any personal data to these websites.


If you want more information or have any questions or comments relating to our privacy policy please email [email protected] in the first instance.

 Information  X 
Enter a valid email address

Octopus Eclipse 3 (OEC3)

  Print      Mail a friend

Friday 08 June, 2012

Octopus Eclipse 3

Octopus Eclipse VCT 3 plc : Interim Management ...

Octopus Eclipse VCT 3 plc : Interim Management Statement

Octopus Eclipse VCT 3 PLC
Interim Management Statement

8 June 2012

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus Eclipse VCT 3 plc ('Eclipse 3' or 'VCT') presents an Interim Management Statement for the period 1 February 2012 to 30 April 2012.  The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

9 months to 30 April 20126 months to 31 January 2012
Net assets (£'000s) 12,177 13,287
Return on ordinary activities after tax (£'000s) (1,606) (1,650)
Net asset value per share ('NAV') 47.3p 51.1p
Cumulative dividends paid since launch 17.7p 13.7p
Total return (NAV plus dividends paid) 65.0p 64.8p

Investment performance
At 30 April 2012 the net asset value (NAV) of the VCT was 47.3p, which compares to 51.1p at 31 January 2012 and when adding back 4.0 pence of dividends paid this shows an increase in the total return (NAV plus cumulative dividends paid) of 0.3%. This increase in fair value is largely attributable to improved performance in the AIM portfolio.

In the unquoted portfolio, we have continued to focus on monitoring and supporting the existing portfolio companies. During the period under review, a further small investment has been made in Brandspace.

There has been an encouraging increase in fair value of £110k in the AIM portfolio since 31 January 2012. This is largely due to Plastics Capital which has seen an uplift of £95k. We remain confident that the AIM companies in the portfolio continue to be valued on very low ratings and expect further share price appreciation during 2012.

The total value of the investment portfolio at 30 April 2012 was £9.3 million. By value, 69.5% of the Company's net assets are in unquoted investments, 7.4% in AIM-quoted investments and 23.1% of the Company's net assets are currently in cash or cash equivalents.

Top Ten Qualifying Investments by value as at 30 April 2012

CompanySectorCarrying value
% of total
net assets
Hydrobolt Limited Engineering and Machinery 2,329 19.1%
History Press Limited Publishing 1,683 13.8%
Tristar Worldwide Limited Transport Services 1,523 12.5%
Audio Visual Machines Limited Technology & Telecommunications 1,335 11.0%
Brandspace Limited Media & Marketing Services 509 4.2%
Plastics Capital Engineering and Machinery 430 3.5%
Dualcom Holdings Limited Technology & Telecommunications 313 2.6%
Bruce Dunlop & Associates Limited Media & Marketing Services 303 2.5%
Convivial London Pubs plc Leisure & Hotels 177 1.5%
Artesian Solutions Limited Technology & Telecommunications 150 1.2%

As announced in the recently published half-yearly results, the interim dividend of 4.0p per share for the half-year ended 31 January 2012 was paid on the 10 May 2012 to those shareholders on the register on 10 April 2012.

Material events and transactions
Eclipse 3's Board is not aware of any other significant event or transaction which has occurred between 30 April 2012 and the date of publication of this statement which would have a material impact on the financial position of the VCT.

For further information please contact:
Alex Macpherson- Fund Manager
Octopus Investments Limited - 0800 316 2295


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: Octopus Eclipse VCT 3 plc via Thomson Reuters ONE


a d v e r t i s e m e n t