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Portfolio Update

4 Dec 2013 14:12

THE INCOME & GROWTH VCT PLC - Portfolio Update

THE INCOME & GROWTH VCT PLC - Portfolio Update

PR Newswire

London, December 4

. The Income & Growth VCT plc ("the Company") 4 December 2013 Realisation of investment in Alaric Systems Limited The Board of The Income & Growth VCT plc is pleased to announce that theCompany has realised its investment in Alaric Systems Limited ("Alaric")through a sale to a subsidiary of NCR Corporation for cash proceeds of£2.55 million. Alaric provides payment processing and fraud preventionsoftware. This realisation has contributed to total receipts of £2.65 million by theCompany over the life of the investment, representing a return of over4.4 times original cost of £0.60 million. This investment was valued at 30 June 2013 at £1.10 million in the unauditedmanagement accounts of the Company. The Company may become entitled to receive additional sale proceeds of up to£0.5 million over the period to December 2017, which is currently held inescrow. This will be recognised, as and when appropriate, in future financialstatements. This realisation is equivalent to an increase of approximately 1.84 pence inthe published net asset value (NAV) per share at 30 June 2013 of 110.5 pence. The Directors intend to announce the audited NAV per share of the Company at30 September 2013 later this month. For further information, please contact: Robert Brittain, for Mobeus Equity Partners LLP, Company SecretaryTel: 020 7024 7000.
Date   Source Headline
26th May 20063:36 pmPRNTransaction in Own Shares
24th May 20064:16 pmPRNInterim Results
6th Mar 20063:53 pmRNSBlock Listing of Shares
6th Mar 20061:25 pmRNSDirector/PDMR Shareholding
2nd Mar 20068:33 amRNSPurchase of Own Shares
21st Feb 20063:55 pmRNSIssue of Equity
9th Feb 20069:35 amRNSNet Asset Value(s)
2nd Feb 200611:25 amRNSAnnual Information Update
31st Jan 20062:29 pmRNSAGM Statement
27th Jan 20068:49 amRNSShares in issue AMENDMENT
26th Jan 20064:00 pmRNSShares in issue
24th Jan 20063:34 pmRNSPurchase of own shares
13th Dec 200511:26 amRNSChange of Adviser
1st Dec 20057:01 amRNSFinal Results
21st Oct 200512:32 pmRNSHolding(s) in Company
30th Aug 20058:56 amRNSTransaction in Own Shares
28th Jul 20051:36 pmRNSNet Asset Value(s)
18th Jul 20054:33 pmRNSTransaction in Own Shares
2nd Jun 20054:17 pmRNSTransaction in Own Shares
27th May 200511:59 amRNSInterim Results
9th May 200510:04 amRNSNet Asset Value(s)
7th Apr 200511:16 amRNSDirectorate Change
30th Mar 20055:21 pmRNSTransaction in Own Shares
9th Mar 20054:55 pmRNSTransaction in Own Shares
8th Feb 200511:44 amRNSTransaction in Own Shares
7th Feb 20053:41 pmRNSNet Asset Value(s)
10th Jan 20054:32 pmRNSTransaction in Own Shares

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