19 Jul 2013 11:34
VENTUS VCT PLC
Interim Management Statement - 19 July 2013
Ventus VCT plc (the "Company") presents its first interim management statement for the financial year ending 28 February 2014, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The Company published its annual report and financial statements for the year ended 28 February 2013 on 28 May 2013. This interim management statement summarises the information provided in that report together with any further developments up to the date of this statement.
Net Asset Value, Dividends and Investments - Ordinary Shares
The Net Asset Value ("NAV") of the ordinary share fund as at 28 February 2013 stood at £19,766,000 or 121.2p per ordinary share. There has been no significant change in the NAV of the ordinary share fund between 28 February 2013 and the date of this statement.
The board has proposed a final dividend for the financial year ended 28 February 2013 of 2.50p per ordinary share. Subject to the approval of shareholders at the AGM on 22 July 2013, the final dividend is to be paid on 7 August 2013 to all ordinary shareholders on the register as at the close of business on 12 July 2013. Therefore, subject to the consent of shareholders, the total dividend to be paid to ordinary shareholders for the year ended 28 February 2013 will be 5.00p per ordinary share.
As at the date of this statement, the Company holds ordinary share investments in 14 companies with a total investment value of £17.3 million.
Net Asset Value, Dividends and Investments - C Shares
The NAV of the C share fund as at 28 February 2013 stood at £12,048,000 or 106.3p per C share. There has been no significant change in the NAV of the C share fund between 28 February 2013 and the date of this statement.
The board has proposed a final dividend for the financial year ended 28 February 2013 of 1.80p per C share. Subject to the approval of shareholders at the AGM on 22 July 2013, the final dividend is to be paid on 7 August 2013 to all C shareholders on the register as at the close of business on 12 July 2013. Therefore, subject to the consent of shareholders, the total dividend to be paid to C shareholders for the year ended 28 February 2013 will be 3.00p per ordinary share.
As at the date of this statement, the Company's C share fund holds investments in 9 companies with a total value of £10.8 million.
For further details of the Company's portfolio of ordinary and C share investments please see the annual report and financial statements for the year ended 28 February 2013 which is available through the Company's website (www.ventusvct.com).
Issued on behalf of the Board
The City Partnership (UK) Limited
Company Secretary
19 July 2013