LONDON (Alliance News) - Neptune-Calculus Income & Growth VCT PLC Tuesday said its net asset value per share declined by 4.9% during the third quarter, as a result of a decline in the share price of AIM-quoted Epistem Holdings PLC, one of the companies in which it invests.
"[Epistem] although still valued at 300% of original cost, saw a decline it its share price following the termination of a supply and distribution agreement with Becton Dickinson for its product "Genedrive"," Neptune said in a statement.
Neptune said it is still positive on Epistem's long-term prospects. Epistem shares were Tuesday quoted at 323.00, down 2.2% and not much above their 52-week low of 310.00 pence. The shares have traded as high as 585.00 pence in the period.
Neptune said the remainder of the quoted portfolio increased by 30% on a like-for-like basis compared with the FTSE All Share which increased by 4.7%
Neptune's net asset value per share was 52.69 pence on September 30, compared to 55.43 pence on June 30.
Shares in Neptune were Tuesday quoted at 40.00 pence, up 14%.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
Copyright © 2013 Alliance News Limited. All Rights Reserved.