Interim Management Statement>
Interim Management Statement
(Thomson Reuters ONE) - ProVen 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 VCT plc presents an InterimManagement Statement for the three month period ended 31 May 2009.The statement also includes relevant financial information betweenthe end of the period and the date of this statement.Dividends declared in the periodOn 9 June 2009, the Company proposed final dividends of 1.0p perOrdinary Share and 1.0p per 'C' share in respect of the year ended 28February 2009. These dividends were paid on 10 July 2009.PerformanceOrdinary Shares 31 May 28 Feb 31 Aug 29 Feb 2009 2009 2008 2008 Pence Pence Pence PenceNet Asset Value ("NAV") 58.10 57.70 77.60 88.50Cumulative Dividends 92.45 92.45 77.95 74.20Total Return * 150.55 150.15 155.55 162.70* 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") 76.30 75.60 81.00 89.60Cumulative Dividends 3.75 3.75 2.75 1.00Total Return * 80.05 79.35 83.75 90.60* 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 1,640 4,242SPC International Limited 1,618 1,312Eagle Rock Entertainment Group Limited 420 639Ashford Colour Press Limited 750 617Saffron Media Group Limited 480 490Overtis Group Limited 500 442Campden Media Limited 975 414Donatantonio Limited 582 346Fjordnet Limited 200 200UBC Media plc* 1,101 166Pilat Media Global plc* 173 130Coolabi plc* 300 86Baby Innovations S.A t/a Steribottle 604 -ID Data Group plc* 262 -GB Industries Limited 1,134 -Isango! Limited 400 -Optima Data Intelligence Services Limited 1,169 -Sports Holdings Limited 147 - 12,455 9,084Liquidity funds 4,190 4,190Total 16,645 13,274'C' Share Portfolio investments by value Cost Valuation £'000 £'000Venture capital investmentsPath Group Limited 1,000 1,034Fjordnet Limited 800 800Chess Technologies Limited 600 600Charterhouse Leisure Limited 700 560Donatantonio Limited 885 527Overtis Group Limited 400 354SPC International Limited 403 401Heritage Partners Limited 900 247Dianomi Limited 126 157Steak Media Limited 275 136The Vending Corporation Limited 1,012 -Breeze Tech Limited 175 -Isango! Limited 200 - 7,476 4,816Liquidity funds 6,010 6,010Total 13,486 10,826* 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 5p of 25p of 1p each each each Shares £'000 Shares £'000 Shares £'000As at 1 March 2009 23,947,501 1,197 14,612,777 3,653 - -Shares issued 4,788,569 48during 3 months to31 May 2009 - - - -As at 31 May 2009 23,947,501 1,197 14,612,777 3,653 4,788,569 48As a result of a Tender Offer by ProVen Growth and Income VCT plc,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.
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" alt="Interim Management Statement>">Datum: 15.07.2009 - 17:37 Uhr
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