VEN.L Regulatory News (VEN)

14 Jul 2009 07:00



VENTUS VCT PLC

Interim Management Statement - 14 July 2009

Ventus VCT plc (the "Company") presents its first interim management statement for the financial year ending 28 February 2010, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.

The Company published its Annual Report and Financial Statements on 27 May 2009. This interim management statement summarises the information as at the date of the Annual Report and Financial Statements and further developments up to the date of this statement. 

ORDINARY SHARES

Dividends

The final dividend for the year ended 28 February 2009 of 3.00 pence per ordinary share was approved at the Annual General Meeting on 1 July 2009. The final dividend was paid on 14 July 2009 to all shareholders on the register as at the close of business on 12 June 2009 and resulted in a total annual dividend of 4.50 pence per ordinary share.

Net Asset Value

Net Asset Value ("NAV") as at 28 February 2009 totalled £17.6 million or 117.5 pence per ordinary share. Other than as a result of the payment of the final dividend on 14 July 2009 there has been no significant change in NAV per ordinary share between 28 February 2009 and the date of this statement.

Investments

As at the date of this statement, the Company holds investments in 19 companies with total investment value of £16.0 million.  

For further details of the Company's investments please see the Investment Manager's Report in the Annual Report and Financial Statements for the year ended 28 February 2009.

'C' SHARES

The Offer closed on 30 June 2009. The total number of "C" shares allotted by the Company under the Offer was 6,924,686. 

Other than described above, the Board is not aware of any events during the period from 1 March 2009 to the date of this statement which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

The City Partnership (UK) Limited

Company Secretary

14 July 2009