17 Jan 2011 09:58
VENTUS VCT PLC
Interim Management Statement - 17 January 2011
Ventus VCT plc (the "Company") presents its final interim management statement for the financial year ending 28 February 2011, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The Company published its half yearly financial report 28 October 2010. This interim management statement summarises the information as at the date of 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 31 August 2010 stood at £18.42 million or 112.5 pence per ordinary share. There has been no significant change in the NAV of the ordinary share fund between 31 August 2010 and the date of this statement.
The interim dividend for the financial year ended 28 February 2011 of 1.50 pence per ordinary share was declared on 28 October 2010. It was paid on 12 January 2011 to all ordinary shareholders on the register as at the close of business on 10 December 2010.
As at the date of this statement, the Company holds ordinary share investments in 13 companies with total investment value of £17.35 million.
Net Asset Value, Dividends and Investments - C Shares
The Net Asset Value ("NAV") of the C share fund as at 31 August 2010 stood at £10.50 million or 92.7 pence per C share. There has been no significant change in the NAV of the C share fund between 31 August 2010 and the date of this statement.
The Company has not declared or paid any dividend in the C shares since their first issue.
As at 31 August 2010, the Company held C share investments in four companies with total investment value of £2.58 million.
For further details of the Company's portfolio of ordinary and C share investments please see the half-yearly financial report dated 28 October 2010 which is available through the Company's website (www.ventusvct.com).
Other than described above, the Board is not aware of any events during the period from 31 August 2010 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
17 January 2011