Oryx International Growth Regulatory News (OIG)

RNS Number : 3696R

Oryx International Growth Fund Ld

19 August 2010

 

ORYX INTERNATIONAL GROWTH FUND LIMITED

 

INTERIM MANAGEMENT STATEMENT FOR THE QUARTER ENDED 30 JUNE 2010

 

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 2010 to 30 June 2010, 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

The FTSE All - Share TR Index (£) returned -11.80% in the three months ended 30 June 2010 as risk aversion continued among investors worried about a series of macro economic concerns, including poor US economic data, a slowdown in China and fears of a double-dip recession in the UK. UK small-cap stocks out performed the broad index, with the FTSE Small Cap TR (£) Index returning -6.07%. Against this backdrop, the Fund's NAV rose by 3.13%, whilst its share price increased by 5.39% to £1.76.

 

 

Material Transactions

Since 1 April 2010 the Company purchased for cancellation a total of 1,482,971 ordinary shares at a gross price of £1.72 per share.

 

Material Events

There were no material events during the quarter ended 30 June 2010.

 

Report and Accounts

On 23 June 2010, the Company posted its Annual Report and Accounts for the year ended 31 March 2010, to Shareholders. On 5 July 2010, the Company published a circular containing notice of the Company's Annual General Meeting and details in relation to the proposed Rule 9 waiver.

 

Financial Highlights

 

	30 June 2010	31 March 2010	31 December 2009	30 September 2009
NAV	£2.35	£2.28	£2.26	£2.21
US Dollar / Sterling Exchange Rate	1.4961	1.5169	1.4378	1.5994
** Sterling adjusted

 

 

 

 

Twenty Largest Equity Investments at 30 June 2010

 

	%
RPC Group Plc	7.26%
Chrysalis Holdco	7.03%
Avanti Communications Group Plc	6.21%
Inspired Gaming Group Plc	6.13%
Catalyst Media Group Plc	5.55%
Tenon Group Plc	5.21%
Orthoproducts Limited	5.15%
Gleeson (M J) Group Plc	4.80%
BBA Aviation Plc	4.63%
Bionostics Holdings Limited Pref Shs	4.34%
Bavaria Industriekapital AG	4.19%
Quarto Group Plc	3.93%
Augean Plc	3.32%
Nastor Investement Limited	3.09%
Journey Group Plc	3.04%
Vislink Plc	2.76%
AssetCo Plc	2.61%
AC Management Services Limited	2.18%
Green CO2 Plc	2.09%
Asset Co (Abu Dhabi) Plc	2.02%
% of total portfolio	85.54

 

The financial information for the quarter ended 30 June 2010 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 of

Oryx International Growth Fund Limited

as Company Secretary

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