ProVen Plnd Ex VCT Proven Planned Exit Vct Plc : Interim Management Statement
June 12 2014 - 12:01PM
UK Regulatory
TIDMPPE
ProVen Planned Exit VCT plc
Interim Management Statement for the 3 Months to 30
April 2014
In accordance with Rule 4.3 of the Disclosure Rules
and Transparency Rules ("DTR") of the UK Listing Authority,
ProVen Planned Exit VCT plc (the "Company") presents
an interim management statement for the three month
period ended 30 April 2014. The statement also includes
relevant financial information between the end of
the period and the date of publication of this statement.
This interim management statement has been prepared
solely to provide additional information to the shareholders
as a body to meet the relevant requirements of the
DTR, and should not be relied on by any other party
or for any other purpose.
Performance summary
As at As at
30 Apr 2014 31 Jan 2014
Total net assets GBP3.78m GBP3.73 m
Net asset value per Ordinary Share 78.4p 77.2p
Cumulative dividends per Ordinary Share since 15.0p 15.0p
launch
Total return per Ordinary Share* 93.4p 92.2p
Mid-market price per Ordinary Share 75.5p 75.5p
Net asset value per 'A' Share 0.1p 0.1p
Cumulative dividends per 'A' Share since launch - p - p
Total return per 'A' Share * 0.1p 0.1p
Mid-market price per 'A' Share 0.1p 0.1p
* NAV plus cumulative dividends paid since launch
Dividend
On 7 May 2014, the Company announced a final dividend of 3p per Ordinary
Share which was subject to approval by Shareholders at the Annual
General Meeting of the Company on 11 June 2014. Having received this
approval, the dividend will be paid on 18 June 2014 to Ordinary
Shareholders who were on the register on 6 June 2014.
Investment update
At 30 April 2014, the portfolio consisted of 7 unquoted investments at a
cost of GBP3.06m and valuation of GBP3.17m and cash of GBP627,000.
Investment portfolio summary as at 30 April 2014
Cost Valuation
GBP'000 GBP'000
Cross Solar PV Limited 600 683
Donatantonio Limited 550 550
SPC International Limited 530 530
Cogora Group Limited 500 500
Long Eaton Healthcare Limited 400 435
Blis Media Limited 275 275
Eagle-i Music Limited 200 200
Total venture capital investments 3,055 3,173
Cash at bank and in hand 627 627
Total 3,682 3,800
All venture capital investments are unquoted.
Investment activity
There have been no additions or disposals of investments between 1
February 2014 to 30 April 2014 or from 1 May 2014 to the date of
publication of this statement.
Changes to share capital
There have been no changes to the share capital during the period from 1
February 2014 to 30 April 2014 or from 1 May 2014 to the date of
publication of this statement.
Material events
In April, Eagle Rock Entertainment Group Limited, Eagle -i Music
Limited's parent company, was sold to Universal Media Group. As part of
this transaction, Eagle-i Music Limited was spun out as a standalone
company and provided with further funds by both ProVen VCT and ProVen
Growth and Income VCT.
Other than the matters described above, there were no material events
during the period from 1 February 2014 to 30 April 2014 or from 1 May
2014 to the date of publication of this statement.
Further information
Further information regarding the Company, can be found on Beringea's
dedicated VCT website: www.provenvcts.co.uk or by contacting Beringea,
the Investment Manager on provenvcts@beringea.co.uk or by telephone 020
7845 7820.
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: ProVen Planned Exit VCT plc via Globenewswire
HUG#1792651
Plectrum Petroleum (LSE:PPE)
Historical Stock Chart
From May 2024 to Jun 2024
Plectrum Petroleum (LSE:PPE)
Historical Stock Chart
From Jun 2023 to Jun 2024