TPV2 TP70 2008 (II)

 

TIDMTPV2 
 
RNS Number : 1627Q 
TP70 2008 (ii) VCT PLC 
29 July 2010 
 

                             TP70 2008 (II) VCT plc 
 
                                  29 July 2010 
 
Interim Management Statement for the quarter ended 30 June 2010 
 
TP70 2008 (II) VCT plc has pleasure in submitting its interim management 
statement for the quarter ended 30 June 2010.  This constitutes the Company's 
first interim management statement for the financial period ending 31 March 
2011, as required by the UK Listing Authority's Disclosure and Transparency Rule 
4.3. 
 
Net assets at 30 June 2010 comprised: 
   30 June 2010                                     31 March 2010 
                                                                 Unaudited 
                                    Audited 
                                                            GBP'000 
%                                   GBP'000           % 
 
VCT qualifying fixed asset 
investments at fair value                         10,342           53.5 
                        10,342       52.2 
 
VCT non-qualifying fixed asset 
investments at fair value                             196            1.0 
                              196        1.0 
 
GAM Diversity 2.5XL                            4,209           21.8 
                      4,714      23.8 
 
Net current assets                                   4,56623.64,55723.0 
 
19,313100.019,809100.0 
 
Net asset value per Ordinary 
share                                                    84.34p86.51p 
 
 
Investment Activity 
The Company has made no further VCT investments this quarter but remains on 
course to satisfy the target of being 70% invested in VCT qualifying holdings by 
the end of the third accounting period. 
 
The exposure to GAM Diversity 2.5XL is achieved directly through the Company's 
50% holding in Lorngreen Ltd and indirectly through a derivative transaction 
with Julius Baer. For the quarter to 30 June 2010 in sterling terms GAM 
Diversity was down 5.6%, GAM Diversity 2.5XL was down 14.72%, the FTSE All Share 
index was down 11.80% and the HFRX Fund of Hedge Fund index was down 2.86%. 
 
Material Events and Transactions 
During the quarter no shares were issued and no shares were purchased by the 
Company for cancellation. 
 
The Board announced on 8 June 2010 that it has resolved to pay a dividend of 
GBP282,000 (1.23p per share) equal to its revenue profits for the year ended 31 
March 2010. The dividend will be paid on 30 July 2010. 
 
Further Information 
For further information, please contact Claire Ainsworth or Chris Tottle at 
Triple Point Investment Management LLP on 0207 201 8989. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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