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12 Nov 2008 17:46
Close Brothers Development VCT PLC Interim Management Statement
Introduction
I am pleased to present the Company's interim management statement for the period from 1 July 2008 to 12 November 2008 as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
Financial Position and Performance
The approximate unaudited net asset value (NAV) as at 30 September 2008 was 89.9p. This is after accounting for a dividend of 5.5 pence per share which was paid on 3 October 2008.
Portfolio
|
Investment |
Existing/New investee company |
£'000s |
|
Prime Care Holdings Limited |
New |
270 |
|
Bravo Inns II Limited |
New |
170 |
|
GB Pub Company VCT Limited |
Existing |
40 |
|
Clear Pub Company VCT Limited |
Existing |
26 |
|
Rostima Limited |
Existing |
12 |
Top Ten Qualifying Holdings as at 30 September 2008
|
Investment |
Carrying Value £'000s |
|
Evolutions Television Limited |
3,753 |
|
Citigroup FRN March 2009 |
2,975 |
|
The Weybridge Club Limited |
1,590 |
|
Peakdale Molecular Limited |
1,369 |
|
Mears Group Plc |
1,295 |
|
Kensington Health Clubs Limited |
970 |
|
Smiles Pub Company Limited |
937 |
|
Blackbay Limited |
893 |
|
Chichester Holdings Limited |
808 |
|
CS (Greenwich) Limited |
772 |
Material Events and Transactions
As mentioned above, a dividend of 5.5 pence per share was paid on 3 October 2008 to shareholders on the record as at 5 September 2008.
In the period from 1 July 2008 to 12 November 2008, your Company re-purchased 496,915 Ordinary shares at an average price of 83.8 pence per share. These shares will be held in treasury. Buy-backs of treasury shares during the period were transacted through Winterflood Securities Limited, a subsidiary of Close Brothers Group plc, the ultimate parent company of the Manager.
12 November 2008
For further information, please contact:
Patrick Reeve
Close Ventures Limited
Tel: 020 7422 7830
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