Foresight Solar VCT PLC : Interim Management St...

Foresight Solar VCT plc
Interim Management Statement for the Quarter Ended 30 September 2013

Foresight Solar VCT plc presents its interim management statement for the quarter ended 30 September 2013.  This constitutes the company's first interim management statement for the financial year ending 30 June 2014, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.

The unaudited net asset value (NAV) per ordinary share as at 30 September 2013 was 114.5p (30 June 2013: 115.7p).

The unaudited net asset value (NAV) per C share as at 30 September 2013 was 98.3p (30 June 2013: 99.4p).

In line with original expectations, an interim dividend of 3.0p per Ordinary Share was paid to shareholders on 25 October 2013.

At 30 September 2013, there were 38,366,252 ordinary shares in issue. During the three months ended 30 September 2013 there were no ordinary shares issued or repurchased for cancellation.

At 30 September 2013 there were 6,903,414 C shares in issue. During the three months ended 30 September 2013 1,171,721 C shares were issued.

The net assets at 30 September 2013 comprised the following:

Ordinary Shares Fund	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	43,460		99.0%
Quoted investments at bid price	0		0%
Total venture capital investments	43,460		99.0%
Cash & liquid investments	169		0.4%
Other net current assets	281		0.6%
Net Assets	43,910		100.0

C Shares Fund	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	0		0%
Quoted investments at bid price	0		0%
Total venture capital investments	0		0%
Cash & liquid investments	6,409		94.4%
Other net current assets	379		5.6%
Net Assets	6,788		100.0

There were no purchases or sales in the period.

For further information please contact:

Gary Fraser, Foresight Group:                        01732 471 800

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Foresight Solar VCT PLC via Globenewswire

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