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19 Jan 2009 15:52
Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 30 November 2008
Foresight 4 VCT plc presents its interim management statement for the quarter ended 30 November 2008. This constitutes the company's third interim management statement for the financial year ending 28 February 2009, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The unaudited net asset value (NAV) per ordinary share as at 30 November 2008 was 102.6p (31 August 2008: 104.4p). Following the period end a 5.0p per share dividend was paid on 19 December 2008, making 17.5p per share of cumulative dividend payments in the last three years. The Board is not aware of any other significant events or transactions between the date of the NAV and the date of publication of this Interim Management Statement.
The number of ordinary shares in issue at 30 November 2008 was 23,462,434. During the three months ended 30 November 2008 no shares were issued and no shares were re-purchased by the company for cancellation.
Net assets at 30 November 2008 comprised the following:
|
£'000 |
% of Net Assets |
||
|
Unquoted Investments at fair value as determined by the Directors |
16,757 |
69.6 |
|
|
Quoted investments at bid price |
408 |
1.7 |
|
|
Total venture capital investments |
17,165 |
71.3 |
|
|
Net Current Assets |
6,898 |
28.7 |
|
|
Net Assets |
24,063 |
100.0 |
Quoted investments are carried at bid price as at 30 November 2008. Unquoted investments are carried at fair value as at 30 November 2008 as determined by the directors.
During the three months ended 30 November 2008 the following significant investment transactions took place (all companies unquoted except where otherwise indicated):
New and follow-on investments:
|
Name of Company |
Business Activity |
Amount Invested £'000 |
|
Closed Loop |
Plastics recycling |
580 |
|
Iskra Wind Turbines |
Manufacturer of small, efficient wind turbines |
431 |
|
Global Immersion |
Projection equipment for planetariums and immersive theatres |
200 |
|
Aigis Blast Protection |
Special blast absorption materials |
66 |
|
Advanced Visual Technology |
Floor space management |
6 |
Investment disposals:
|
Name of Company |
Business Activity |
Original Cost £'000 |
Proceeds £'000 |
|
VectorCommand |
Emergency incident simulation and management |
60 |
71 |
|
Advanced Visual Technology |
Floor space management |
2,332 |
830 |
|
Advanced Visual Technology |
Floor space management |
6 |
6 |
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800
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