Maven Grwth 3 Regulatory News (MIG3)

8 Nov 2006 15:08

Aberdeen Growth Opps VCT PLC08 November 2006 ABERDEEN GROWTH OPPORTUNITIES VCT PLC Portfolio Update The Directors are pleased to announce that, following recent gains made on therealisations of investments in Travel Class, Vibration Technology and BondAviation Solutions, Aberdeen Growth Opportunities VCT has now made a significantgain on the sale of its investment in Styles & Wood Holdings. On 13 October 2006, the Company sold its investment in Vibration Technology forproceeds of £339,196, an increase of £189,194 on the Company's previousvaluation and cost of the investment. On 17 October 2006, the Company sold itsinvestment in Bond Aviation Solutions Limited for proceeds of £507,359, anincrease of £87,362 on the Company's previous valuation of the investment,representing a gain of £207,359 on the cost of investment. On 7 November 2006, Styles & Wood Holdings PLC listed on the London StockExchange. As part of the flotation process, the Company realised its investmentin Styles & Wood Holdings Limited for proceeds of £801,809, which represent anincrease of £601,809 over the Company's previous valuation of the investment,and over the cost of the investment. As these investments were made before the C Ordinary share issue, they were madeonly on behalf of the Ordinary share portfolio. The Net Asset Value per COrdinary share as at 31 October 2006 was 95.2p compared to 95.3p at 31 May 2006. In isolation, the increases over previous valuations made on the sales of BondAviation Solutions, Vibration Technology and Styles & Wood indicate an increaseof 9.0p per share in the Net Asset Value of the Ordinary shares. When takentogether with other less significant movements in the valuation of the rest ofthe portfolio, the effect is to increase the Net Asset Value from 96.1p perOrdinary share as at 31 May 2006 to 104.2p per Ordinary share as at 31 October2006. Since the valuation at 31 May 2006 the Net Asset Value per Ordinary sharehas therefore increased by 8.4%. Issued on behalf of the BoardAberdeen Asset Management PLC, Secretary8 November 2006 This information is provided by RNS The company news service from the London Stock Exchange