Interim Management Statement>
Interim Management Statement
(Thomson Reuters ONE) - ProVen Growth & Income VCT plcInterim Management Statementfor the three months ended 31 May 2009In accordance with Rule 4.3 of the Disclosure and Transparency Rulesof the UK Listing Authority, ProVen Growth & Income VCT plc presentsan Interim Management Statement for the three month period ended 31May 2009. The statement also includes relevant financial informationbetween the end of the period and the date of this statement.Dividends declared in the periodOn 9 June 2009, the Company declared second interim dividends of14.0p per Ordinary Share and 1.35p per 'C' share in respect of theyear ended 28 February 2009. These dividends were paid on 3 July2009.PerformanceOrdinary Shares 31 May 28 Feb 31 Aug 29 Feb 2009 2009 2008 2008 Pence Pence Pence PenceNet Asset Value ("NAV") 61.00 57.10 94.60 121.60Cumulative Dividends 132.90 132.90 101.90 81.90Total Return * 193.90 190.00 196.50 203.50* NAV plus cumulative dividends paid since launch of Company 'C' Shares 31 May 28 Feb 31 Aug 29 Feb 2009 2009 2008 2008 Pence Pence Pence PenceNet Asset Value ("NAV") 75.80 76.70 85.00 94.90Cumulative Dividends 8.25 8.25 6.25 3.00Total Return * 83.05 84.95 91.25 97.90* NAV plus cumulative dividends paid since launch of 'C' Sharefundraising'D' Shares 31 May 2009 PenceNet Asset Value ("NAV") 94.2Quoted investments are valued at the closing bid price at 31 May2009. Unquoted investments are valued at fair values establishedusing the International Private Equity and Venture Capital ValuationGuidelines.Investment portfolio summary at 31 May 2009Ordinary Share Portfolio investments by value Cost Valuation £'000 £'000Venture capital investmentsEspresso Group Limited 628 1,625Ashford Colour Press Limited 413 339Overtis Group Limited 350 310Campden Media Limited 488 207UBC Media plc* 400 63Pilat Media Global plc* 50 37Immedia Group plc* 170 9Baby Innovations S.A. t/a Steribottle 209 -Sports Holdings Limited 48 -ILG Digital Limited - - 2,756 2,590Liquidity funds 1,470 1,470Total 4,226 4,060'C' Share Portfolio investments by value Cost Valuation £'000 £'000Venture capital investmentsEspresso Group Limited 1,101 1,100Eagle Rock Entertainment Group Limited 680 1,035Path Group Limited 1,000 1,034Fjordnet Limited 1,000 1,000Lazurite Limited 1,000 1,000Prelude Media Limited 1,000 1,000Chess Technologies Limited 900 900Donatantonio Limited 1,366 813Charterhouse Leisure Limited 1,000 800Saffron Media Group Limited 670 684SPC International Limited 625 604Overtis Group Limited 500 442Dianomi Limited 324 403Heritage Partners Limited 900 247Steak Media Limited 375 186Coolabi plc* 450 130Breeze Tech Limited 225 -Isango! Limited 650 -Optima Data Intelligence Services Limited 1,299 -The Vending Corporation Limited 1,012 - 16,077 11,378Liquidity funds 5,080 5,080Total 21,157 16,458* Quoted on AIMInvestment additionsThere have been no investment additions or disposals during the threemonths ended 31 May 2009 or from 1 June 2009 to the date of thisannouncement.Changes to share capital Ordinary Shares 'C' Shares 'D' Shares of 1p of 5p of 1p each each each Shares £'000 Shares £'000 Shares £'000As at 1 March 2009 6,816,160 68 24,855,707 1,243 - -Shares issued during 4,788,569 483 months to 31 May2009 - - - -As at 31 May 2009 6,816,160 68 24,855,707 1,243 4,788,569 48'C' Share Tender OfferOn 9 June 2009, the Company launched a Tender Offer to purchase up to5,079,999 of its 'C' Shares at a price of 75.35p per 'C' Share. On 7July 2009 the Tender Offer was approved at the Company's AGM and theCompany announced that applications of 6,486,320 had been received,such that Shareholders who had tendered up to 20.438% of theirholding of "C" Shares (the "Basic Entitlement") would have theirapplication satisfied in full. "C" Shares tendered in excess of theBasic Entitlement were scaled back such that tenders forapproximately 68.5% of "C" Shares" in excess of the Basic Entitlementwere accepted.Tender Offer proceeds of £559,000 (which will be paid on 17 July2009) were received for investment into the ProVen VCT plc/ProVenGrowth and Income VCT plc D Share Linked Offer. Shares will beallotted equally between the two VCTs in due course.Material eventsOther than described above, there were no material events during theperiod from 1 March 2009 to 31 May 2009 or in the period from 1 June2009 to the date of this announcement.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
" alt="Actelion to discuss Half Year financial results 2009>">
" alt="Interim Management Statement>">
Datum: 15.07.2009 - 17:34 Uhr
Sprache: Deutsch
News-ID 3599
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 250 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Interim Management Statement>"
steht unter der journalistisch-redaktionellen Verantwortung von
Proven Growth & Income VCT plc (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
