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Interim Management Statement

8 Aug 2011 11:45

RNS Number : 9283L
Oryx International Growth Fund Ld
08 August 2011
 

ORYX INTERNATIONAL GROWTH FUND LIMITED

 8 August 2011

 INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2011

Oryx International Growth Fund Limited ("Oryx" or the "Company"), is publishing this Interim Management Statement in accordance with DTR 4.3 of the FSA Handbook.

This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or for any other purpose.

This interim management statement relates to the period from 1 April 2011 to 30 June 2011, and contains information that covers this period, and up to the date of publication of this interim management statement, unless otherwise specified.

 Manager's Review

Markets drifted for the majority of the period under review with the FTSE Small Cap TR Index up 0.7% and the FTSE All-Share TR Index (£) down 0.9%. It is pleasing to report that against this backdrop the net asset value rose by 8.8% to 296p per share. The increase in the portfolio was broadly based, although there was no movement in the value of the unquoted portfolio. Whilst current market conditions are difficult the manager believes there is inherent value in the portfolio which will be realised in the next quarter.

Material TransactionsSince 1 April 2011 the Company has purchased for cancellation the following shares:

15 April 2011 a total of 250,000 ordinary shares at a gross price of £2.30 per share.27 May 2011 a total of 170,000 ordinary shares at a gross price of £2.30 per share.

Material EventsThere were no material events during the quarter ended 30 June 2011.

Report and AccountsOn 30 June 2011, the Company posted its Annual Report for the year ended 31 March 2011 to Shareholders together with a circular containing the Notice convening the Company's AGM at 11am on 12 August 2011 and details of a proposed waiver of the Rule 9 provisions of the City Code on Takeovers and Mergers.

 

Financial Highlights

 

 

30 June 2011

31 March 2011

31 December 2010

30 June 2010

 

 

 

 

 

NAV

£2.96

£2.72

£2.81

£2.35

 

 

 

 

 

US Dollar / Sterling Exchange Rate

 1.6055

 1.6029

 1.5657

 1.4961

 

 

 

 

 

 

 

Twenty Largest Equity Investments at 30 June 2011

 

% Net Assets

RPC Group Plc

7.60

CVS Group Plc

7.01

Guinness Peat Group Plc

6.72

BBA Aviation Plc

6.38

Gleeson (M.J.) Group Plc

6.11

Augean

5.34

Orthoproducts Ltd

4.68

Quarto Group Inc

4.54

GTL Resources Plc

4.19

Bavaria Industriekapital AG

4.02

Idox Plc

3.92

Sinclair Pharma Plc

3.51

Innovation Group Plc

3.39

Catalyst Media Group Plc

3.38

Redhall Group Plc

3.21

Journey Group Plc

2.99

Nastor Inv Ltd Zero Redeem Prefer Shares

2.38

Bionostics Holdings Ltd

2.19

Green Co2 Plc

2.13

Celsis AG

1.64

85.33

 

The financial information for the quarter ended 30 June 2011 contained within this Interim Management Statement has not been audited.

By order of the Board

BNP Paribas Fund Services (Guernsey) Limited, for and on behalf ofOryx International Growth Fund Limitedas Company Secretary

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSUGUUPRUPGGUR
Date   Source Headline
11th Mar 20097:00 amRNSHolding(s) in Company
10th Mar 20098:22 amRNSHolding(s) in Company
9th Mar 20093:50 pmRNSHolding(s) in Company
6th Mar 200912:11 pmRNSNet Asset Value(s)
4th Mar 200911:07 amRNSTransaction in Own Shares
27th Feb 20094:32 pmRNSAnnual Information Update
18th Feb 200910:36 amRNSHolding(s) in Company
13th Feb 20093:13 pmRNSHolding(s) in Company
12th Feb 200910:46 amRNSInterim Management Statement
16th Jan 200912:04 pmRNSNet Asset Value(s)
12th Dec 20084:07 pmRNSNet Asset Value(s)
26th Nov 20085:31 pmRNSInterim Results
21st Nov 20087:00 amRNSTransaction in Own Shares
18th Nov 200812:08 pmRNSNet Asset Value(s)
13th Nov 20085:25 pmRNSHolding(s) in Company
6th Nov 20082:58 pmRNSTransaction in Own Shares
17th Oct 20081:12 pmRNSNet Asset Value(s)
14th Oct 200811:53 amRNSDirector's Estimate - Net Asset Value(s)
23rd Sep 20083:56 pmRNSNet Asset Value(s)
18th Sep 20081:01 pmRNSNet Asset Value(s)
10th Sep 20082:04 pmRNSHolding(s) in Company
9th Sep 20084:20 pmRNSDirectors Estimate - Net Asse
4th Sep 20084:53 pmRNSTransaction in Own Shares
1st Sep 20082:23 pmRNSTotal Voting Rights
29th Aug 200810:52 amRNSResult of AGM
28th Aug 200810:39 amRNSDirector's Estimate - Net Ass
22nd Aug 20081:02 pmRNSNet Asset Value(s)
22nd Aug 20089:03 amRNSDirector's Estimate - Net Ass
19th Aug 20083:37 pmRNSDirector's Estimate - Net Ass
18th Aug 200811:41 amRNSInterim Management Statement
8th Aug 200812:00 pmRNSRule 8.4 Announcement
4th Aug 200810:36 amRNSDirector's Estimate - Net Ass
29th Jul 20089:19 amRNSDirector's Estimate - Net Ass
29th Jul 20089:16 amRNSDirector's Estimate - Net Ass
29th Jul 20087:00 amRNSProposed Capital Reorganisati
18th Jul 200810:00 amRNSAnnual Report and Accounts
17th Jul 200810:16 amRNSNet Asset Value(s)
8th Jul 20083:49 pmRNSDirector's Estimate - Net Ass
8th Jul 20083:48 pmRNSDirector's Estimate - Net Ass
17th Jun 200812:53 pmRNSDirector's Estimate - Net Ass
11th Jun 20089:30 amRNSDirector's Estimate - Net Ass
11th Jun 20089:26 amRNSNet Asset Value(s)
4th Jun 20084:11 pmRNSDirector's Estimate - Net Ass
23rd May 200811:52 amRNSChange of Registered Office
21st May 20082:40 pmRNSNet Asset Value(s)
12th May 200812:13 pmRNSWeekly Net Asset Value
2nd May 200810:29 amRNSWeekly Net Asset Value
28th Apr 200810:27 amRNSWeekly Net Asset Value
18th Apr 200811:51 amRNSWeekly Net Asset Value
16th Apr 200810:02 amRNSNet Asset Value(s)

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