Interim Management Statement
August 23 2011 - 1:52PM
UK Regulatory
TIDMAQT3
Acuity VCT 3 plc
Interim Management Statement for the Quarter Ended 30 June 2011
Acuity VCT 3 plc presents its interim management statement for the quarter ended
30 June 2011. This constitutes the company's second interim management
statement for the financial year ending 30 September 2011, as required by the UK
Listing Authority's Disclosure and Transparency Rule 4.3.
The unaudited net asset value (NAV) per Ordinary Share as at 30 June 2011 was
18.2p (31 March 2011: 18.6p). The Board is not aware of any significant events
or transactions between the date of the NAV and the date of publication of this
Interim Management Statement.
No dividends have been paid.
At 30 June 2011, there were 34,337,164 Ordinary Shares in issue. There were no
issues of shares during the three months ended 30 June 2011. During the period,
no shares were repurchased by the company for cancellation.
The net assets of the Ordinary Shares at 30 June 2011 comprised the following:
GBP'000 % of Net Assets
Unquoted Investments at fair value as determined by the
Directors 5,623 90.0
Quoted investments at bid price 73 1.2
------- ----------------
Total venture capital investments 5,696 91.2
Net Current Assets 551 8.8
------- ----------------
Net Assets 6,247 100.0
------- ----------------
Quoted investments are stated at bid price as at 30 June 2011. Unquoted
investments are stated at fair value as at 30 June 2011 as determined by the
Directors.
During the three months ended 30 June 2011 the following significant investment
transactions took place:
Ordinary Shares Portfolio
Follow-on investments:
+--------------------------+-----------------------------+---------------------+
|Name of Company |Business Activity |Amount Invested GBP'000|
+--------------------------+-----------------------------+---------------------+
|The Fin Machine Company |Capital goods for automotive|250 |
|Limited |sector | |
+--------------------------+-----------------------------+---------------------+
Investment disposals:
+------------------------+---------------------------+-------------+--------+
|Name of Company |Business Activity |Original Cost|Proceeds|
| | | GBP'000 | |
| | | | GBP'000 |
+------------------------+---------------------------+-------------+--------+
|Electra Private Equity |Private equity managers |417 |549 |
+------------------------+---------------------------+-------------+--------+
|Jelf Group Plc |HR and employee consultancy|250 |129 |
+------------------------+---------------------------+-------------+--------+
|Managed Support Services|Building solutions |888 |35 |
+------------------------+---------------------------+-------------+--------+
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Acuity VCT 3 PLC via Thomson Reuters ONE
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