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19 Nov 2009 16:28
Matrix Income & Growth VCT plc (the Company)
INTERIM MANAGEMENT STATEMENT For the quarter ended 30 September 2009
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 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
At 30 September 2009 At 30 June 2009 Net assets attributable to GBP16,533,114 GBP16,716,851shareholders Shares in issue 20, 623,852 20,623,852 Net asset value per Ordinary 80.16p 81.06pShare Cumulative dividends paid 16.30p 16.30p Total net asset value return per 96.46p 97.36pshare since inception % return on opening net asset 2.07% 3.03%value of 94.5 pence per share NEW INVESTMENTS
No new investments were made during the quarter. However, following the end of the quarter the Company made an additional investment of 181,818 into British International Holdings Limited.
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 Abbott 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 1,236k on 14 November 2009. This realisation contributed to total proceeds of 1,506k to the Company over the life of the investment, representing a 3.25 fold gain on the Company's original investment of 464,047 .
SHARE BUY-BACKS
The Company did not buy-back any of its own Ordinary Shares during the quarter ended 30 September 2009. However, following the end of the quarter the Company has bought back 158,172 of its own Ordinary Shares at a price of 56.52 pence per share.
For further information, please contact:
Sarah Penfold, for Matrix-Securities Limited, Company Secretary: 020 3206 7000.
MATRIX INCOME & GROWTH VCT PLC
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