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19 May 2009 18:18
SPARK VCT plc ('the Company')
Interim Management Statement
This Interim Management Statement for the quarter ended 31 March 2009, is unaudited and is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority. The statement also includes relevant information from the period from 1 April 2009 to the date of issue. The Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.
Net Asset Value (NAV)
The NAV as at 31 March 2009 was 26.1p per share compared with an NAV of 26.8p per share as at 31 December 2008. The decline is largely due to a downward re-valuation of the unquoted investment in Skinkers Limited and reflects a follow-on round in which the Company contributed £122,000. During the quarter the Company also invested a further £26,000 in Academia Networks Limited. After the period end, one follow-on investment of £202,000 has been made in Secerno Limited.
Share Capital
The number of ordinary shares in issue at 31 March 2009 was 110,761,138. During the quarter ended 31 March 2009, 300,000 shares were bought back.
Other than described above, the Board is not aware of any events during the period from 31 March 2009 to the date of this statement, which would have had a material impact on the financial position of the Company.
Issued on behalf of the BoardNghi TranCompany Secretary19 May 2009
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