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8 Sep 2011 16:27
Matrix Income & Growth 2 VCT plc (the Company) UNAUDITED INTERIM MANAGEMENT STATEMENT For the quarter ended 31 July 2011 In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UKListing Authority, Matrix Income & Growth 2 VCT plc presents an InterimManagement Statement for the quarter ended 31 July 2011. The statement alsoincludes relevant financial information between the end of the period and thedate of this statement.NET ASSET VALUE PER SHARE Ordinary Share Fund (formerly C Shares until 10 September 2010) 31 July 2011 30 April 2011 Net assets attributable to £24,555,429 £ 24,863,968 shareholders Shares in issue 25,857,764 25,857,764 Net asset value per 1p Share: - Excluding current year income 94.28 p 95.89 p - Including current year income 94.96 p 96.16 p
ANNUAL GENERAL MEETING
All resolutions were duly passed at the Company's Annual General Meeting on 8 September 2011.
DIVIDENDS
No dividends were paid during the quarter.
SHARE BUY-BACKS
There were no share buybacks during the period, but 233,259 shares were bought back on 23 August 2011 and subsequently cancelled by the Company. The shares above were bought back for an average price of 62.2 pence per share, at discounts to the net asset value at the date of each buyback ranging from 40.6 % to 35.3%.
INVESTMENT PORTFOLIO
There have been a number of new investments during the period.
In June 2011, a further £360,265 was invested in the loan stock of ASL Technology Holdings Limited, making the total investment in ASL Technology Holdings £1,360,130.
In July 2011, the Company invested £1,160,549 in Fullfield Limited to fund the management buy-out of Motorclean Limited, £160,549 of which is non-qualifying. As part of a total potential commitment of £192,000, £51,265 was invested in two tranches in Monsal Holdings Limited. On 9 August, a further tranche of £ 25,632 was invested.
Please note that all the information above is unaudited.
Other than described above, there were no material events during the period and to the date of this announcement.
For further information, please contact:
Robert Brittain, for Matrix Private Equity Partners Limited, Company Secretary: 020 3206 7102
XLON
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