Interim Management Statement
(Thomson Reuters ONE) - Elderstreet VCT plcInterim Management Statementfor the three months ended 30 September 2009In accordance with Rule 4.3 of the Disclosure and Transparency Rulesof the UK Listing Authority, Elderstreet VCT plc presents an InterimManagement Statement for the three month period ended 30 September2009. The statement also includes relevant financial informationbetween the end of the period and the date of this statement.DividendsOn 24 August 2009, the Board declared a dividend of 2.0p per share,which was paid on 9 October 2009.The Board has indicated that it intends to propose a final dividendof at least 1p per share to be paid in June 2010. As a result,dividends in respect of the year ended 31 December 2009 will total atleast 3p per share.Top-up Share OfferThe Company announces that it is planning to launch new offers forsubscription by way of a "top-up" in the existing share pool. Fulldetails are expected to be announced shortly.The Board has confirmed that any investors investing in the Top-upShare Offer will be eligible to receive the final dividend expectedto be paid in June 2010 on their new shares.PerformanceThe Company's performance to 30 Sept 2009 is summarised as follows: 30 September 30 June 31 December 2009 2009 2008 Pence Pence PenceOrdinary SharesNet Asset Value ("NAV") 74.5 70.2 72.8Cumulative Dividends 44.0 44.0 43.0Total Return * 118.5 114.2 115.8* NAV plus cumulative dividends paid since launchInvestment portfolio summary at 30 September 2009 Movement since Cost Valuation 30 June 2009 £'000 £'000 £'000Ten largest investmentsby valueWessex Advanced Switching 60 2,673Products Limited -Snacktime plc Quoted on AIM 1,725 2,451 900Access Intelligence plc Quoted on AIM 1,133 1,420 -Fords Packaging Systems 1,047 1,152Limited -Lyalvale Express Limited 915 1,027 -Baldwin & Francis 690 1,020Holdings Limited -Smart Education Limited 1,403 985 -The Engine Group plc 600 726 -Wecomm Limited 850 472 -AngloINFO Limited 328 328 -Subtotal 8,751 12,254 900Other venture capitalinvestments 5,568 1,660 104Listed fixed incomesecurities 2,330 2,347 17Total 16,649 16,261 1,021All investments are unquoted unless otherwise stated.Investment additions during the 3 months ended 30 September 2009 Cost £'000Treasury Stock 2 ¼% Stock 07/03/2014 805 805There have been no additions since the period end and the date ofthis report.Investment disposals during the 3 months ended 30 September 2009 Market Total value at Gain/(loss) realised 1 January Disposal in period gain/ Cost 2009 * proceeds against cost (loss) £'000 £'000 £'000 £'000 £'000Expansys plc 202 10 5 (197) (5)Interquest plc 15 9 13 (2) 4Mears Group plc 12 13 14 2 1Melorio plc 10 6 12 2 6Servoca plc 17 10 10 (7) (7)Treasury Stock 8%Stock 711 742 726 (15) (16) 967 790 780 (217) (17)* adjusted for additions if applicableChanges to share capital Ordinary Shares of 5p each Shares £'000As at 1 July 2009 23,549,887 1,178Shares bought back and cancelled - -As at 30 September 2009 23,549,887 1,178On 10 November 2009, the Company bought 262,000 of its own shares ata price 58.0p per share for cancellation.Material eventsOther than described above, there were no material events during theperiod from 1 July 2009 to 30 September 2009 or in the period from 1October 2009 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.
Datum: 20.11.2009 - 14:15 Uhr
Sprache: Deutsch
News-ID 8683
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