Interim Management Statement

17 Jan 2008 15:23

Aberdeen Income & Growth VCT PLC17 January 2008 Aberdeen Income and Growth VCT PLC ("the Company") Interim Management Statement - Quarter ended 30 November 2007 This Interim Management Statement, for the quarter ended 30 November 2007, isprovided in accordance with Rule 4.3 of the Disclosure and Transparency Rules ofthe UK Listing Authority and also includes relevant information in respect ofthe period from 1 December 2007 to the date of issue. This Statement has beenprepared solely to provide additional information in order to meet the relevantrequirements of the UK Listing Authority's Disclosure and Transparency Rules,and should not be relied on by Shareholders, or any other party, for any otherpurpose. 1. Financial highlights • Net Asset Value* ("NAV") of 77.5p per share at 30 November 2007 compared to 77.4p per share at 31 August 2007. • Interim dividend dividends totalling 3.5p per share paid on 7 December 2007. \* The NAV is unaudited and reflects the closing bid price of quoted securities at 30 November 2007. Unlisted companies are valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 31 August 2007. 2. Investments and Disposals During the quarter ended 30 November 2007, investments totalling £1,950,000 weremade in 9 unlisted or AIM/PLUS quoted companies. During the same period, a combination of partial and complete disposals of 5 AIMquoted investments generated aggregate proceeds of £64,000 against cost of£45,000. There were no other material transactions during the period under review. 3. Recent developments Between 30 November 2007 and the date of this statement, investments totalling£629,000 were made in 2 unlisted companies and 1 AIM quoted company. During the same post quarter-end period, disposals of listed fixed incomesecurities generated aggregate proceeds of £1,394,000 against cost of £1,384,000and disposals of 3 unlisted investments and 1 AIM quoted investment generatedaggregate proceeds of £2,294,000 against cost of £2,028,000. Included in thesedisposals was the sale of the unlisted investment in TLC (Tender LovingChildcare), which generated proceeds of £1,620,000 against a cost of £1,516,000. Other than described above, Board is not aware of any material events during theperiod from 1 September 2007 to 30 November 2007, or in the period from 1December 2007 to the date of this announcement, which would have had a materialimpact on the financial position of the Company. Issued on behalf of the BoardMurray Johnstone Limited, Secretary17 January 2008 This information is provided by RNS The company news service from the London Stock Exchange