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18 Dec 2009 15:53
Matrix Income & Growth 4 VCT plc (the Company)
INTERIM MANAGEMENT STATEMENT For the quarter ended 31 October 2009
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 2009. 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 2009 31 July 2009 Net assets attributable to shareholders GBP20,958,817GBP21,057,391 Shares in issue 19,998,300 20,038,300 Net asset value per Ordinary Share 104.80p * 105.09p Cumulative dividends paid per Ordinary Share 14.70p 14.70p Total return per share (net asset value basis) 119.50p 119.79psince inception
* On 7 November 2009, the Company paid a further dividend on 1p per Ordinary Share which is included in net asset value per share.
NEW INVESTMENTS
No new investments were made during the quarter. However, following the end of the quarter, the Company made a further investment of 45,455 into British International Holdings Limited in November and two new investments in December. The first of these was an investment of 1 million into CB Imports Group Limited to support the MBO of Country Baskets, an established importer and distributor of floral sundries. This investment was made via the investment vehicle Calisamo Management Limited. The second was an investment of 878,251 into Iglu Holdings Limited, the UK's largest specialist ski holiday travel agent and fastest growing cruise holiday travel agent.
DIVESTMENTS
No divestments were been made during the quarter. However, following the end of the quarter, the Company has fully realised its investment in PastaKing Holdings, the Newton Abbot based award winning supplier of fresh pasta meals to the education sector and industry.
The Company's investment in PastaKing was sold to NBGI Private Equity for net proceeds of some 354,000 on 14 November 2009. This realisation contributed to total proceeds of some 432,000 to the Company over the life of the investment, representing a 3.25 fold gain on the Company's original investment of 133,055.
Following the end of the quarter in December, the Company also sold its small investment in eXpansys plc of 31,000 for 16,373.
SHARE BUY-BACKS
During the quarter ended 31 October 2009, the Company bought back 40,000 of its own Ordinary Shares at an average price of 78.63 pence per share.
Following the end of the quarter, the Company bought back a further 33,228 of its own shares at a price of 83.22 pence per share.
For further information, please contact:
Sarah Penfold, for Matrix-Securities Limited, Company Secretary: 020 3206 7000
MATRIX INCOME & GROWTH 4 VCT PLC
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