Interim Management Statement
July 07 2010 - 9:18AM
UK Regulatory
TIDMAQT2 TIDMAQ2C
RNS Number : 9859O
Acuity Growth VCT PLC
07 July 2010
Acuity Growth VCT Plc ("the Company")
Interim Management Statement
For the quarter ended 30 June 2010
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Acuity Growth VCT Plc presents an Interim Management
Statement for the quarter ended 30 June 2010. The statement also includes
relevant financial information between the end of the period and the date of
this statement.
Unaudited Net Asset Value Per Share as at 30 June 2010
The unaudited net asset value at 30 June 2010 was 87.2p per ordinary share and
85.0 per C share by comparison with 88.6p per ordinary share and 90.7p per C
share as at 31 March 2010, a decrease of 1.6% and 6.3% respectively. By
comparison, the FTSE All-Share Index and the FTSE AIM All-Share Index decreased
by 12.6% and 5.8% respectively. In accordance with the company's valuation
policy the change in the net asset value in the period only reflects purchases,
sales and price changes in quoted investments and no revaluation of the unquoted
portfolio was undertaken.
Net Asset Value and Dividends Paid
+-------------------------------------------------------------------------------------------------------------------+-------------+------------+-------------+
| | | |
+---------------------------------------------------------------------------------------------------------------------------------+------------+-------------+
| At 30 June 2010 At 31 March 2010 | | |
| Net assets attributable to ordinary shareholders(GBP,000) 47,372 47,898 | | |
| Net assets attributable to C shareholders(GBP,000) 661 706 | | |
| Net asset value per ordinary share 87.2p 88.6p | | |
| Net asset value per C share 85.0p 90.7p | | |
| Cumulative dividends paid per ordinary share 4.5p 4.5p | | |
| Cumulative dividends per C share - - | | |
| Net asset value plus dividends paid per ordinary share 91.7p 93.1p | | |
| Net asset value plus dividends paid per C share 85.0p 90.7p | | |
| | | |
+-------------------------------------------------------------------------------------------------------------------+-------------+--------------------------+
| | | |
+---------------------------------------------------------------------------------------------------------------------------------+------------+-------------+
| | | | |
+-------------------------------------------------------------------------------------------------------------------+-------------+------------+-------------+
Investments and Realisations
The Company made no investments in the three months to 30 June 2010.
During the three months to 30 June 2010, the Company received proceeds of GBP0.3
million from the sale of its holding in Electra Private Equity.
Since the quarter end to the date of publication of this statement the Company
has made no further investments.
Share Buybacks
During the three months to 30 June 2010 the Company has not acquired any shares
for cancellation. As previously indicated to shareholders, the Board intends to
reinstate the Share Buyback Programme as and when conditions allow.
The number of ordinary shares in issue was 54,351,682 and the number of C shares
in issue was 777,589 as at 7 July 2010.
Ends
For information please contact:
Nick Ross, Director
Acuity Growth VCT Plc
020 7306 3901
This statement aims to give an indication of material events and transactions
that have taken place during the period from 1 April 2010 to the date of
publication of this statement and their impact of the financial position of
Acuity Growth VCT Plc. These indications reflect the Board's current view. They
are subject to a number of risks and uncertainties and could change. Factors
which could cause or contribute to such difficulties include, but are not
limited to, general economic and market conditions and specific factors
affecting the financial prospects or performance of individual investments
within the Company's portfolio.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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