Interim Management Statement (2802C)
March 03 2011 - 6:58AM
UK Regulatory
TIDMBRWV
RNS Number : 2802C
Bedford Row VCT PLC
03 March 2011
For immediate release 3 March 2011
Bedford Row VCT plc
Interim Management Statement for the three months ended 30
November 2010
In accordance with Rule 4.3 of the Disclosure and Transparency
Rules of the UK Listing Authority, Bedford Row VCT plc presents an
Interim Management Statement for the three month period ended 30
November 2010. The statement also includes relevant financial
information between the end of the period and the date of this
statement.
Performance
The Companies performance to 30 October 2010 can be summarised
as follows:
30 November 28 February
2010 31 August 2010 2010
(pence) (pence) (pence)
Ordinary Shares
Net Asset Value (NAV) 18.53 20.68 26.07
Investment portfolio summary at 30 November 2010
Valuation
at
Valuation at 31 August
Cost 30 November 2010
GBP GBP GBP
Quoted Qualifying
Investments
Snacktime plc 175,020 162,319 178,155
Vicorp Group plc 26,445 591 591
Quoted Non Qualifying
Investments
Snacktime plc 216 123 135
Unquoted Qualifying
Investments
Dateline Holdings plc 150,900 0 18,715
M2FX plc 258,295 194,728 194,728
The Weather Lottery plc* 5,080 12,701 5,080
Unquoted Non Qualifying
Investments
SUSD Asset Management
(Holdings) plc 74,260 2,539 2,539
Rainbow Rewards Holdings
Ltd 166,447 187,425 189,263
Gilts
4% Treasury Stock 21,060 21,345 26,666
* The Weather Lottery plc acquired ClickNow Holdings plc
Investment Activity
Due to the limited cash position there has been no investment
activity. In October 2010 ClickNow Holdings plc was acquired by The
Weather Lottery plc, an AIM quoted company.
The Company continues to satisfy the test of being 70% invested
in qualifying holdings and as at 30 November 2010 VCT qualifying
holdings represented 76.42% of net assets by value.
Material Events and Transactions
Apart from the acquisition of ClickNow Holdings plc by the
Weather Lottery plc there have been no material transactions. The
valuation of Dateline Holdings plc has been written down as the
company has very limited cash facilities.
Further Information
For further information, please contact William Horlick on 0207
831 5088.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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