Interim Management Statement
January 11 2010 - 5:31AM
UK Regulatory
TIDMAQT1 TIDMAQTC
RNS Number : 3222F
Acuity VCT PLC
11 January 2010
Acuity VCT Plc ("the Company")
Interim Management Statement
For the quarter ended 31 December 2009
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Acuity VCT presents an Interim Management Statement for the
quarter ended 31 December 2009. 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 31 December 2009
The unaudited net asset value at 31 December 2009 was 65.8p per ordinary share
and 80.1p per C share by comparison with 66.0p per ordinary share and 80.4p per
C share as at 30 September 2009, decreases of 0.3% and 0.4% respectively. By
comparison, the FTSE All-Share Index and the FTSE AIM All-Share Index increased
by 4.4% and 1.2% 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 At 30 | | |
| 31 December September | | |
| 2009 2009 | | |
| Net 12,638 12,654 | | |
| assets | | |
| attributable | | |
| to ordinary | | |
| shareholders(GBP,000) | | |
| Net 7,287 7,311 | | |
| assets | | |
| attributable | | |
| to C | | |
| shareholders(GBP,000) | | |
| Net 65.8p 66.0p | | |
| asset | | |
| value | | |
| per | | |
| ordinary | | |
| share | | |
| Net 80.1p 80.4p | | |
| asset | | |
| value | | |
| per C | | |
| share | | |
| Cumulative 12.1p 12.1p | | |
| dividends | | |
| paid per | | |
| ordinary | | |
| share | | |
| Cumulative - - | | |
| dividends | | |
| per C | | |
| share | | |
| Net 77.9p 78.1p | | |
| asset | | |
| value | | |
| plus | | |
| dividends | | |
| paid per | | |
| ordinary | | |
| share | | |
| Net 80.1p 80.4p | | |
| asset | | |
| value | | |
| plus | | |
| dividends | | |
| paid per | | |
| C share | | |
| | | |
+-------------------------------------------------+----------+----------+
| | | |
+-------------------------------------------------+----------+----------+
| | | |
+-------------------------------------------------+----------+----------+
Investments and Realisations
The Company invested a total of GBP0.6 million in the three months to
31 December 2009. This included investments in Loseley Dairy Ice Cream and Red
Reef Media.
During the three months to 31 December 2009, the Company received proceeds of
GBP1.0 million from the realisation of shares in Advanced Medical Solutions,
Media Square and 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 31 December 2009 the Company has not acquired any
shares for cancellation
Proposed Merger with Acuity VCT 2 Plc
On 21 December 2009, the Board announced to the London Stock Exchange that terms
had been agreed with Acuity VCT 2 Plc for the merger of the Company with Acuity
VCT 2 Plc subject to respective shareholder approvals and the Prospectus and
Circular were sent to shareholders. The General Meetings to approve the
recommended proposals will be held at Paternoster House, 65 St Paul's
Churchyard, London EC4M 8AB at 11.30 a.m. on 21 January 2010 and at 11.30 a.m.
on 29 January 2010.
The number of ordinary shares in issue was 19,201,481 and the number of C shares
in issue was 9,093,156 as at 11 January 2010.
Ends
For information please contact:
Nick Ross, Director Acuity 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 October 2009 to the date of
publication of this statement and their impact of the financial position of
Acuity 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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