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19 May 2010 07:00
SPARK VCT plc ('the Company')
Interim Management Statement
This Interim Management Statement for the quarter ended 31 March 2010 is unaudited and is provided in accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency Rules. The statement also includes relevant information from the period from 1 April 2010 to the date of issue. The Statement has been prepared solely to provide information in order to meet the relevant requirements of the 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 2010 was 22.5p per share compared with a NAV of 22.7p per share as at 31 December 2009. The decline in the NAV of 0.2p per share in the quarter is accounted for by net operating costs (£155k) and by a downward revaluation in the quoted venture capital portfolio (£42k).
During the quarter the Company invested a further £143k in Sift Group Limited as part of a £800k loan mostly contributed to by the company's CEO.
Share Capital
The number of ordinary shares in issue is unchanged as at 31 March 2010 and continues to be 110,370,134.
Other than described above, the Board is not aware of any events during the period from 1 April 2010 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 Board
Nghi TranCompany Secretary19 May 2010
For further information please contact:
Rawlings Financial PR Limited Tel: 01653 618016
Catriona Valentine catriona@rawlingsfinancial.co.uk
SPARK Venture Management Limited Tel: 0207 8517777
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