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16 Nov 2009 12:04
Aberdeen Growth Opportunities VCT 2 PLC
Correction to Interim Management Statement
This is a correction to the previous announcement of the Interim Management Statement, which contained an error in the last line. The corrected Interim Management Statement is set out below:
1. Net Asset Value
Ordinary share net asset value (NAV) of 89.5p at 30 September 2009
S Ordinary share net asset value (NAV) of 94.2p at 30 September 2009
The NAVs shown above are unaudited and reflect the closing bid prices of quoted securities at 30 September 2009. Unlisted companies are normally valued on a six-monthly basis and the NAVs include the Directors' valuations of unlisted investments as at 30 June 2009 adjusted for material developments within the portfolios since that date.
2. Investments and disposals
During the quarter ended 30 September 2009, the Ordinary share portfolio invested £37,000 in Adler and Allan. During the same period, disposals generated aggregate proceeds of £473,613 against cost of £457,820.
The S share portfolio invested £19,000 in the same company and during the same period, generated aggregate disposals proceeds of £165,324 against cost of £145,250.
There were no other material transactions during the period under review.
3. Recent developments
No further investments have been made between 30 September 2009 and the date of this statement. Since 30 September 2009, the investment in Cyclotech has been sold, realising proceeds of £688,000 and £275,000 for the Ordinary and S ordinary portfolios, compared with costs of £248,661 and £99,464 respectively. During that period, further disposals generated proceeds of £18,331 for each of the Ordinary share portfolio and the S share portfolio against similar costs.
The Board is not aware of any other events or transactions that have taken place between 30 September 2009 and the date of publication of this statement and which would have had a material impact on the financial position of the Company.
Issued on behalf of the Board
Maven Capital Partners UK LLP, Secretary
16 November 2009
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