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30 Oct 2008 15:00
Matrix Income & Growth VCT plc (the Company)
INTERIM MANAGEMENT STATEMENT For the quarter ended 30 September 2008
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 2008. 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 2008 At 30 June 2008 Net assets attributable to ‚£18,991,826 ‚£21,281,357shareholders Shares in issue 20,952,725 21,279,171 Net asset value per Ordinary 90.64 pence 100.01 penceShare Cumulative dividends paid 15.30 pence 12.00 pence Total net asset value return per 105.94 pence 112.01 penceshare since inception % return on opening net asset 12.1% 18.53%value of 94.5 pence per share
NEW INVESTMENTS
In July, the Company invested ‚£1 million into Derringfield Limited. After the period-end, Derringfield Limited invested ‚£859,640 of this sum to support the MBO of Metropress, publisher of the Antique Trade Gazette. Derringfield Limited was subsequently re-named ATG Media Holdings Limited. The remainder of the original investment into Derringfield Limited has been returned to the Company.
DIVESTMENTS
No divestments have been made in the quarter.
SHARE BUY-BACKS
During the quarter ended 30 September 2008 the Company bought back a total of 326,246 Ordinary Shares at a price of 82.2 pence per share .
For further information, please contact:
Sarah Penfold, for Matrix-Securities Limited, Company Secretary: 020 3206 7000
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MATRIX INCOME & GROWTH VCT PLC
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