FORESIGHT SOLAR & INFRASTRUCTURE VCT PLC ORD 1P Foresight Solar & Infrastructure Vct Plc : Interim Management Statement
May 22 2017 - 10:03AM
UK Regulatory
TIDMFTSV
Foresight Solar and Infrastructure VCT plc
Interim Management Statement for the Quarter Ended 31 March 2017
Foresight Solar VCT plc presents its interim management statement for
the quarter ended 31 March 2017. This constitutes the company's second
interim management statement for the financial year ending 30 June 2017.
The unaudited net asset value (NAV) per Ordinary Share as at 31 March
2017 was 104.3p (31 December 2016: 101.7p).
The unaudited net asset value (NAV) per C Share as at 31 March 2017 was
91.3p (31 December 2016: 88.1p).
In line with original expectations, an interim dividend of 3.0p per
Ordinary Share and 2.5p per C Share was paid to shareholders on 7 April
2017.
The unaudited net asset value (NAV) per D Share as at 31 March 2017 was
97.5p (31 December 2016: 98.9p).
At 31 March 2017 there were 38,290,862 Ordinary shares in issue. There
were no share movements during the three months ended 31 March 2017 in
the ordinary shares fund.
At 31 March 2017 there were 12,509,247 C shares in issue. There were no
share movements during the three months ended 31 March 2017 in the C
shares fund.
At 31 March 2017 there were 4,777,025 D shares in issue. A total of
1,298,854 D Shares were issued during the three months ended 31 March
2017.
The net assets at 31 March 2017 comprised the following:
% of Net
Ordinary Shares Fund GBP'000 Assets
Unquoted Investments at fair value as determined by
the Directors 41,792 105%
Quoted investments at bid price 0 0%
Total venture capital investments 41,792 105%
Cash & liquid investments 1,391 3%
Other net current assets (3,251) (8)%
Net Assets 39,932 100%
% of Net
C Shares Fund GBP'000 Assets
Unquoted Investments at fair value as determined by
the Directors 11,389 99%
Quoted investments at bid price 0 0%
Total venture capital investments 11,389 99%
Cash & liquid investments 166 1%
Other net current assets (135) (1)%
Net Assets 11,420 100%
% of Net
D Shares Fund GBP'000 Assets
Unquoted Investments at fair value as determined by
the Directors 1,620 35%
Quoted investments at bid price 0 0%
Total venture capital investments 1,620 35%
Cash & liquid investments 4,602 99%
Other net current assets (1,564) (34)%
Net Assets 4,658 100%
For further information please contact:
Gary Fraser, Foresight Group: 020 3667 8100
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Foresight Solar & Infrastructure VCT plc via Globenewswire
http://www.foresightgroup.eu/
(END) Dow Jones Newswires
May 22, 2017 11:03 ET (15:03 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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