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20 Dec 2010 15:06
Matrix Income & Growth 4 VCT plc (the "Company") INTERIM MANAGEMENT STATEMENT For the quarter ended 31 October 2010
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 31 October 2010. 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
31 October 2010 31 July 2010 Net assets attributable to shareholders £24,321,573 £23,309,955 Shares in issue 20,961,687 21,027,687 Net asset value per Ordinary Share 116.03p 110.85p Cumulative dividends paid per Ordinary Share 17.70p 17.70p
Total return per share (net asset value basis) 133.73p 128.55p since inception
DIVIDEND
An interim dividend of 1 pence per share was paid to shareholders on 5 November 2010 to shareholders on the register on 15 October 2010.
DIVIDEND INVESTMENT SCHEME
Shareholders that elected to participate in the dividend investment scheme were allotted new ordinary shares in the Company at a price of 98.8 pence per share on 18 November 2010, in respect of the above dividend. A total of 13,241 ordinary shares were issued.
NEW INVESTMENTS
During the quarter the Company made the following investments:
In October, the Company completed a £1 million investment in Aust Recruitment Group Limited to support the management buyout (MBO) of RDL Corporation Limited. RDL is a European recruitment provider within the pharmaceutical, business intelligence and IT sectors based in London and Woking. The company was established in 1992 and employs 70 staff. It sources staff for over 300 major companies, matching niche professionals with demanding contract assignments and staff positions.
The Company has made two further investments since the quarter end:
In December, the Company completed a £346,488 investment in Faversham House Holdings Limited to support the MBO of Faversham House Group Limited. Faversham House is a business to business media company focussing on environment and sustainability, visual communications and building services. The company offers market leading magazines alongside exhibitions and online resources.
The Company invested £200,000 for shares in Omega Diagnostics Group plc. Based in Alva, Scotland this company provides high quality invitro diagnostics products for use in hospitals, blood banks, clinics and laboratories in over 100 countries and specialises in the areas of food intolerance, autoimmune and infectious diseases.
DIVESTMENTS
During the quarter Westway Services and ATG Media prepaid £45,760 and £111,111 respectively of loan stock to the Company.
OFFER FOR SUBSCRIPTION
On 12 November 2010 the Company, Matrix Income & Growth VCT plc and The Income & Growth VCT plc launched a joint Offer for Subscription for new ordinary shares of 1p each in the capital of each of the companies to raise up to £21 million (the "Offer"). The Offer is open to new and existing shareholders and will close on 30 April 2011 unless fully subscribed or otherwise extended at the discretion of the directors.
Further details are available at www.matrixvcts.co.uk.
SHARE BUY-BACKS
The Company bought back 66,000 of its own Ordinary Shares at a price of 99.0 pence per share during the period. A further 28,750 Ordinary Shares were bought back after the period end at a price of 99.0 pence per share.
For further information, please contact:
Ross Lacey, for Matrix Private Equity Partners LLP, Company Secretary: 020 3206 7000.
ENDSDISCLAIMER
Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.
MATRIX INCOME & GROWTH 4 VCT PLC