Last checked at 
14 Jul 2009 16:34
Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 31 May 2009
Foresight 4 VCT plc presents its interim management statement for the quarter ended 31 May 2009. This constitutes the company's first interim management statement for the financial year ending 28 February 2010, 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 31 May 2009 was 100.9p (28 February 2009: 96.2p). 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 31 May 2009 was 24,554,375. During the three months ended 31 May 2009 1,121,409 shares were issued and no shares were re-purchased by the company for cancellation.
Net assets at 31 May 2009 comprised the following:
| £'000 | % of Net Assets | ||
| Unquoted Investments at fair value as determined by the Directors | 18,807 | 75.9 | |
| Quoted investments at bid price | 448 | 1.8 | |
| Total venture capital investments | 19,255 | 77.7 | |
| Net Current Assets | 5,524 | 22.3 | |
| Net Assets | 24,779 | 100.0 |
Quoted investments are carried at bid price as at 31 May 2009. Unquoted investments are carried at fair value as at 31 May 2009 as determined by the directors.
During the three months ended 31 May 2009 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 |
| Snell Limited | Specialist broadcast equipment | 224 |
| TFC Europe | Technical fasteners for aerospace and automotive use | 100 |
Investment disposals:
| Name of Company | Business Activity | Original Cost £'000 | Proceeds £'000 |
| Snell & Wilcox Holdings | Specialist broadcast equipment | 827 | 531 |
| Datapath Holdings | Computer graphics cards and video capture hardware | 205 | 205 |
| The Casella Group | Environmental consultancy | 172 | 27 |
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800