Foresight Ent Regulatory News (FTF)

23 Jan 2008 08:25

Foresight 4 VCT PLC23 January 2008 Foresight 4 VCT plc Interim Management Statement for the Quarter Ended 30 November 2007 Foresight 4 VCT plc presents its interim management statement for the quarterended 30 November 2007. This constitutes the company's third interim managementstatement for the financial year ending 28 February 2008, as required by the UKListing Authority's Disclosure and Transparency Rule 4.3. The unaudited net asset value (NAV) per ordinary share as at 30 November 2007was 107.4p (31 August 2007: 103.2p). Following the period end a 5.0p per sharedividend was paid on 28 December 2007, making 12.5p per share of cumulativedividend payments in the last two years. Additionally on 10 January 2008,Foresight 4 sold its investment in Nomad Payments Limited for £3.6 million, inexcess of two times original cost. The Board is not aware of any othersignificant events or transactions between the date of the NAV and the date ofpublication of this Interim Management Statement. The number of ordinary shares in issue at 30 November 2007 was 21,951,339.During the three months ended 30 November 2007 no shares were issued and noshares were re-purchased by the company for cancellation. Net assets at 30 November 2007 comprised the following: £'000 % of Net AssetsUnquoted Investments at fair value as determined by the Directors 19,350 82.2Quoted investments at bid price 553 2.3Total venture capital investments 19,903 84.5Net Current Assets 3,671 15.5 Net Assets 23,574 100.0 Quoted investments are carried at bid price as at 30 November 2007. Unquotedinvestments are carried at fair value as at 30 November 2007 as determined bythe directors. During the three months ended 30 November 2007 the following significantinvestment transactions took place (all companies unquoted except whereotherwise indicated): New and follow-on investments: Name of Company Business Activity Amount Invested £'000Datapath Manufacturer of videowall controllers 1,000OLED-T Organic lighting displays 54Clockworx (previously Specialist online auctioning platforms 24Auctioning4U) Investment disposals: Name of Company Business Activity Original Cost Proceed £'000 £'000Covion Facilities management 200 856 For further information please contact: Gary Fraser, Foresight Group: 01732 471 800 This information is provided by RNS The company news service from the London Stock Exchange