Octopus Titan VCT 4 Octopus Titan VCT 4 PLC : Interim Management Statement
March 07 2013 - 11:30AM
UK Regulatory
TIDMOTV4
Octopus Titan VCT 4 plc
Interim Management Statement
7 March 2012
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus Titan VCT 4 plc ('Titan 4' or 'VCT') presents an
Interim Management Statement for the period 1 November 2012 to 31 January
2013. The statement also includes relevant financial information between the
end of the period and the date of this statement.
Financial Summary
3 months to 31 January
2013 Year to 31 October 2012
=-------------------------------------------------------------------------------
Net assets ( GBP'000s) 21,048 21,023
Return on ordinary activities
before tax ( GBP'000s) 25 (296)
Net asset value per share
('NAV') 87.8p 87.7p
Investment performance
As at 31 January 2013 the NAV of the VCT was 87.8p, which compares to 87.7p at
31 October 2012. The small increase in NAV is a result of Titan 4's investments
in the Open Ended Investment Companies ('OEICs') which have seen an overall
increase in value of GBP208,000 over the three months to 31 January 2013. This
increase has exceeded the standard running costs of the Fund resulting in an
overall increase in the net asset value of 0.1p. There have been no valuation
movements in the unquoted portfolio during the three month period.
During
During the period, the VCT made two follow-on investments of GBP109,000 into
Bowman Power and GBP74,000 into Vega-Chi.
Top Ten Qualifying Investment Portfolio as at 31 January 2013
Company Carrying value % of total
Sector GBP'000 net assets
=-------------------------------------------------------------------------------
Secret Escapes Consumer lifestyle &
Limited wellbeing 2,841 13.5%
Certivox Limited Technology 1,634 7.8%
Consumer lifestyle &
Rangespan Limited wellbeing 1,125 5.3%
UltraSoC
Technologies Technology 954 4.5%
Touch Type Limited Telecommunications 928 4.4%
Amplience Limited Technology 914 4.3%
Semafone Telecommunications 756 3.6%
Iovox Limited Telecommunications 750 3.6%
Executive Channel
Europe Limited Media 701 3.3%
Consumer lifestyle &
Lifebook Limited wellbeing 556 2.6%
Material events and transactions
Titan 4, in conjunction with the other Titan funds, is seeking to raise a total
of GBP30 million, with amounts raised being allotted equally between the five
Titan Funds.
Since 31 January 2013, Titan 4 made two follow-on investments:
* On 8 February 2013, a further GBP123,000 was invested into Applied
Superconductor Limited
* On 25 February 2013, a further GBP392,000 was invested into Aframe Media Group
Limited
Titan 4's Board is not aware of any other significant event which has occurred
between 31 January 2013 and the date of publication of this statement which
would have a material impact on the financial position of the VCT.
For further information please contact:
Alex Macpherson - Fund Manager
Octopus Investments Limited - 0800 316 2349
ENDS
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: Octopus Titan VCT 4 PLC via Thomson Reuters ONE
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