18 Jul 2014 16:17
VENTUS VCT PLC
Interim Management Statement - 18 July 2014
Ventus VCT plc (the "Company") presents its first interim management statement for the financial year ending 28 February 2015, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The Company published its annual financial report for the year ended 28 February 2014 on 30 May 2014. 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 28 February 2014 stood at £19,646,000 or 120.5p per ordinary share. There has been no significant change in the NAV of the ordinary share fund between 28 February 2014 and the date of this statement.
The board has proposed a final dividend for the financial year ended 28 February 2014 of 2.50p per ordinary share. The final dividend is to be paid on 6 August 2014 to all ordinary shareholders on the register as at the close of business on 11 July 2014.
As at the date of this statement, the Company holds ordinary share investments in 14 companies with a total investment value of £17.0 million.
Net Asset Value, Dividends and Investments - C Shares
The NAV of the C share fund as at 28 February 2014 stood at £13,771,000 or 121.5p per C share. There has been no significant change in the NAV of the C share fund between 28 February 2014 and the date of this statement.
The board has proposed a final dividend for the financial year ended 28 February 2014 of 2.50p per C share. The final dividend is to be paid on 6 August 2014 to all C shareholders on the register as at the close of business on 11 July 2014.
As at the date of this statement, the Company's C share fund holds investments in 10 companies with a total value of £12.9 million.
Details of investments
For further details of the Company's portfolio of ordinary and C share investments please see the annual financial report for the year ended 28 February 2014 which is available through the Company's website (www.ventusvct.com).
Issued on behalf of the Board
The City Partnership (UK) Limited
Company Secretary
18 July 2014