FRF Foresight 5

 
TIDMFRF 
 
Foresight 5 VCT plc 
Interim Management Statement for the Quarter Ended 30 June 2011 
 
Foresight  5 VCT 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 
19.1p (31  March 2011: 19.5p), the NAV per C Share as at 30 June 2011 was 71.3p 
(31  March 2011: 70.8p). 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 other than as shown below. 
 
No dividends have been paid. 
 
At  30 June 2011, there were 54,349,913 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. 
 
At  30 June 2011, there were 777,589 C 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                                                9,984              96.4 
 
Quoted investments at bid price                             73               0.7 
                                                       -------- ---------------- 
Total venture capital investments                       10,057              97.1 
 
Net Current Assets                                         302               2.9 
                                                       -------- ---------------- 
 
Net Assets                                              10,359             100.0 
                                                       -------- ---------------- 
 
 
The net assets of the C Shares at 30 June 2011 comprised the following: 
 
                                                          GBP'000   % of Net Assets 
 
Unquoted  Investments at fair value as determined by the 
Directors                                                   95              17.1 
 
Quoted investments at bid price                              0               0.0 
                                                        ------- ---------------- 
Total venture capital investments                           95              17.1 
 
Net Current Assets                                         460              82.9 
                                                        ------- ---------------- 
 
Net Assets                                                 555             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                   |industry                     |                     | 
+--------------------------+-----------------------------+---------------------+ 
 
Investment disposals: 
 
+-------------------------+-----------------------------+-------------+--------+ 
|Name of Company          |Business Activity            |Original Cost|Proceeds| 
|                         |                             | GBP'000        |        | 
|                         |                             |             | GBP'000   | 
+-------------------------+-----------------------------+-------------+--------+ 
|Connexion Media limited  |Entertainment    and    media|26           |13      | 
|                         |rights                       |             |        | 
+-------------------------+-----------------------------+-------------+--------+ 
|Jelf Group Plc           |HR and employee consultancy  |250          |130     | 
+-------------------------+-----------------------------+-------------+--------+ 
|Keycom Plc               |Broadband communications     |627          |157     | 
+-------------------------+-----------------------------+-------------+--------+ 
|Managed  Support Services|Facilities management        |888          |36      | 
|Plc                      |                             |             |        | 
+-------------------------+-----------------------------+-------------+--------+ 
 
 
C Shares Portfolio 
 
Follow-on investments: 
 
There were no follow on investments in the quarter. 
 
Investment disposals: 
 
+------------------------+-------------------------+---------------+----------+ 
| Name of Company        | Business Activity       | Original Cost | Proceeds | 
|                        |                         |  GBP'000         |          | 
|                        |                         |               |  GBP'000    | 
+------------------------+-------------------------+---------------+----------+ 
| Electra Private Equity | Private equity managers | 56            | 97       | 
+------------------------+-------------------------+---------------+----------+ 
 
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: Foresight 5 VCT PLC via Thomson Reuters ONE 
 
[HUG#1539437] 
 

Foresight 5 (LSE:FRF)
Historical Stock Chart
From May 2024 to Jun 2024

Foresight 5 (LSE:FRF)
Historical Stock Chart
From Jun 2023 to Jun 2024