Interim Management Statement (4762R)
November 04 2011 - 3:00AM
UK Regulatory
TIDMILV1
RNS Number : 4762R
Ingenious Live VCT 1 plc
04 November 2011
4 November 2011
Ingenious Live VCT 1 plc ("the Company")
Interim Management Statement
For the period from 1 July 2011 to 3 November 2011
In accordance with Rule 4.3 of the Disclosure and Transparency
Rules of the UK Listings Authority, Ingenious Live VCT 1 plc
presents an Interim Management Statement for the period from 1 July
to 3 November 2011.
OVERVIEW
The Company has experienced a successful summer of activity,
with three of our outdoor music events reporting record attendances
and all of them selling out completely. The net profit of the three
summer events totalled close to GBP2,000,000. The Company's and
Ingenious Live VCT 2 plc's (together "the Live VCTs") share of this
net profit is close to GBP300,000 in total.
This has resulted in a further net write-up of GBP293,000 across
the Company's investments in the period. The previously reported
net asset value per share was 96.8p, however with an increase of
3.5p per share, the net asset value is now over GBP1 at 100.3p.
The Company is now fully invested for VCT qualifying purposes
and will ensure that it remains fully invested until such time as
it can realise its investments and return capital to
shareholders.
DIVIDENDS
The Live VCTs intend to pay regular dividends on an annual
basis, subject to Board approval as well as having sufficient
distributable reserves.
SHARE BUY-BACKS
The Company did not buy back any of its own shares during the
period.
Period ended 30 September 2011 30 June 2011
Net Asset Value
Net Asset Value Total Return 9,270,000 8,948,000
------------------------------ ---------- ----------
Net Asset Value per Share 86.3p 82.8p
------------------------------ ---------- ----------
Net Asset Value Total Return
per Share 100.3p 96.8p
------------------------------ ---------- ----------
Shares in Issue 9,242,845 9,242,845
------------------------------ ---------- ----------
The Company's board of directors and the investment manager are
not aware of any significant event or transaction which has
occurred between 1 July and 3 November 2011 which had a material
effect on the financial position of the Company and has not been
detailed above.
A copy of this interim management statement can be obtained from
the following websites:
www.londonstockexchange.com
www.ingeniousvcts.co.uk
Enquiries to
Sarah Cruickshank
Company Secretary
Ingenious Live VCT 1 plc
15 Golden Square
London
W1F 9JG
0207 319 4000
MHP Communications
Reg Hoare / Barnaby Fry / Simon Hockridge / Giles Robinson
Tel: 020 3128 8100
ingenious@mhpc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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