ICG Enterprise Trust Regulatory News (ICGT)

21 Nov 2007 09:42

Graphite Enterprise Trust PLC21 November 2007 ANNOUNCEMENT TO STOCK EXCHANGE GRAPHITE ENTERPRISE TRUST PLC 21 November 2007 Net asset value at 30 September 2007 The Board of Graphite Enterprise Trust plc announces that the net asset valueper share as at 30 September 2007 was 506.1p. This represents an increase innet asset value per share of 11.3% over the net asset value per share of 454.6pat 31 December 2006 and compares with a rise of 3.0% in the FTSE All-Share Indexin the same period. The summary balance sheet as at 30 September 2007 is set out below: £m % of total assetsInvestment portfolio 247.4 61.9%FTSE 100 Call Option 25.6 6.4%Total portfolio 273.0 68.3%Net current assets 126.5 31.7%Total assets 399.5 100.0% Taking into account the effect of the option, the Company was 90.2% invested asa percentage of total net assets at 30 September 2007 (30 June: 90.7%). In the three months to 30 September 2007, the Company made additions to theinvestment portfolio of £29.4 million (year to date: £74.5 million), and madedisposals from the investment portfolio of £33.2 million (year to date: £73.3million). The Company also made two new commitments to funds in the three monthperiod, totalling £22.8 million. Outstanding commitments at 30 September 2007totalled £282.3 million. The revenue return per share for the nine months to 30 September 2007 was 5.3p. These results do not reflect the gain achieved on the disposal of Huntress of6.1p per share which occurred after the period end and was announced on 19November 2007. Graphite Enterprise continues to be committed to the more active share buy backprogramme which was announced in early May. Since then, the Company has boughtback 4,365,500 shares at an average discount of 5.6% for a total cost of £19.6million. This information is provided by RNS The company news service from the London Stock Exchange