RNS Number:1480O
Talisman First Venture Cap Tst PLC
15 February 2008
Talisman First Venture Capital Trust PLC ("the Company")
Interim Management Statement - Quarter ended 31 December 2007
This Interim Management Statement, for the quarter ended 31 December 2007, is
provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of
the UK Listing Authority and also includes relevant information in respect of
the period from 1 January 2008 to the date of issue. This 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.
1. Net Asset Value
Net Asset Value* ("NAV") of 47.6p at 31 December 2007 represents a decrease of
5.4% over the three month period.
*The NAV is unaudited and reflects the closing bid price of quoted securities at
31 December 2007. Unlisted companies are valued on a six monthly basis and the
NAV incorporates the Directors' valuation of unlisted investments as at 30
September 2007.
2. Investments and disposals
During the quarter ended 31 December 2007, investments totalling £107,000 were
made in 4 unlisted or AIM quoted companies.
During the same period, a combination of partial and complete disposals of 3
unlisted or AIM quoted investments generated aggregate proceeds of £35,000
against cost of £17,000.
There were no other material transactions during the period under review.
3. Recent transactions
Between 1 January 2008 and the date of this statement, no further investments
have been made.
During the same post quarter-end period, partial disposals of 2 AIM quoted
investments generated aggregate proceeds of £2,000 against cost of £4,000.
Other than described above, the Board is not aware of any material events during
the period from 1 October 2007 to 31 December 2007, or in the period from 1
January 2008 to the date of this announcement, which would have had a material
impact on the financial position of the Company.
Issued on behalf of the Board
Aberdeen Asset Management PLC, Secretary
15 February 2008
This information is provided by RNS
The company news service from the London Stock Exchange
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