Last checked at 
4 Nov 2010 15:56
Matrix Income & Growth VCT plc (the Company) INTERIM MANAGEMENT STATEMENT For the quarter ended 30 September 2010
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Matrix Income & Growth VCT plc presents an Interim Management Statement for the quarter ended 30 September 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
At 30 September 2010 At 30 June 2010 Net assets attributable to £37,465,599 £35,160,224shareholders Shares in issue 40,474,574 40,767,266 Net asset value per Ordinary 92.6p 86.3pShare Cumulative dividends paid 21.3p 21.3p Total net asset value return per 113.9p 107.6pshare since inception % return on opening net asset 20.5% 13.9%value of 94.5 pence per share
NEW INVESTMENTS and DIVESTMENTS
In July, the Company invested a further £1,717 into Monsal Holdings Limited as part of a £3 million expansion fundraising that introduced FourWinds Capital as a new investor. Monsal also repaid £130,250 of the Company's loan stock as part of the investment round. This additional funding will be used to expand Monsal's core anaerobic digestion solutions business in the UK wastewater industry and provide infrastructure funding for bio-gas energy from waste projects.
Following the end of the quarter the Company used its existing investment of £2 million in the acquisition vehicle Aust Construction Investors Limited (subsequently re-named Aust Recruitment Group Limited) to make a new investment of £1.56 million to support the management buy-out of RDL Corporation Limited. RDL specialises in permanent and contract recruitment for the pharmaceutical and business intelligence markets through two operating subsidiaries, SEC Recruitment Limited and M3 Europe Limited.
Westway Services Holdings (2010) Limited (formerly MC440 Limited) repaid £ 74,079 of its loan stock in September. Following the quarter-end ATG Media Holdings Limited repaid £181,790 of its loan stock
SHARE BUY-BACKS
During the quarter ended 30 September 2010, the Company bought-back 292,692 of its own Ordinary Shares at an average price of 71.4 pence per share.
Following the end of the quarter the Company bought back a further 88,371 of its own Ordinary Shares at a price of 76.5 pence per share.
LINKED MATRIX FUNDRAISING
The Company intends to launch a joint fundraising with The Income & Growth VCT plc and Matrix Income & Growth 4 VCT plc. The funds raised will spread fixed costs over a larger asset base. Details of the Offer will be posted to shareholders shortly.
For further information, please contact:
Sarah Penfold, for Matrix Private Equity Partners LLP, Company Secretary: 020 3206 7000.
MATRIX INCOME & GROWTH VCT PLC