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20 Jun 2011 14:11
Matrix Income & Growth 4 VCT plc (the Company) INTERIM MANAGEMENT STATEMENT For the quarter ended 30 April 2011
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Matrix Income & Growth 4 VCT plc presents an Interim Management Statement for the quarter ended 30 April 2011. The statement also includes relevant financial information between the end of the period and the date of this statement.
NET ASSET VALUE AND TOTAL RETURN PER SHARE
30 April 2011 31 January 2011 Net assets attributable to shareholders £28,949,815 £25,345,179 Shares in issue 24,977,712 22,455,802 Net asset value per Ordinary Share 115.90p 112.87p Cumulative dividends paid per Ordinary Share 18.70p 18.70p
Total return per share (net asset value basis) 134.60p 131.57p since inception
ANNUAL GENERAL MEETING & DIVIDENDS
All resolutions were duly passed at the Company's Annual General Meeting on 20 June 2011.
Shareholders approved a final dividend of 3 pence per share payable on 24 June 2011 to Shareholders on the register on 3 June 2011. This will bring cumulative dividends paid to 21.7 pence per share.
Shareholders approved the introduction of a dividend investment scheme which will be applicable for the forthcoming final dividend and future dividend payments.
NEW INVESTMENTS
During the quarter the Company completed a follow-on investment in ASL Technology Holdings Limited of £409,000. After the quarter end the Company completed a follow-on investment in Fullfield Limited of £280,879 and committed to invest a further £158,000 in Monsal Holdings Limited of which £42,000 had been invested.
DIVESTMENTS
The Company received loan repayments and associated premia from several of its investee companies being, IGLU.com Holidays Limited (£876,207), Machineworks Software Limited (£116,588) and Vectair Holdings Limited (£90,322). Machineworks Software Limited is one of two companies the Company now has an investment in, arising from the demerger of VSI Limited. The other is Lightworks Software Limited. As a result of the loan repayment by Machineworks, the Company retains an equity investment in both companies.
LINKED OFFER
During the quarter the Linked Offer launched in November 2010 with two other Matrix advised VCTs, has raised a further £2.91 million of net funds. 2,521,910 Ordinary Shares were allotted at a price of 121.8 pence per share in the quarter. On 10 May 2011 a further 302,300 Ordinary Shares were allotted at 119.5 pence per share.
The Board expects that one further allotment under this Offer will occur in early July. The underlying NAV per share to be used will therefore be 112.90p (115.90p as above less the 3p dividend to be paid on 24 June 2011) giving an offer price of 119.50p per share.
SHARE BUY-BACKS
The Company bought back 139,952 of its own Ordinary Shares at a price of 101.5 pence per share on 19 May 2011.
For further information, please contact:
Robert Brittain, for Matrix-Securities Limited, Company Secretary: 020 3206 7000
XLON
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