Foresight 4 VCT PLC : Interim Management Statement

Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 30 June 2012

Foresight 4 VCT plc presents its interim management statement for the quarter ended 30 June 2012.  This constitutes the company's first interim management statement for the financial year ending 31 March 2013, 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 2012 was 97.5p (31 March 2012: 96.9p).

 

The unaudited net asset value (NAV) per C share as at 30 June 2012 was 94.3p (31 March 2012: 94.4p).

 

At 30 June 2012, there were 38,114,258 ordinary shares in issue. During the three months ended 30 June 2012 5,945,550 ordinary shares were issued at 105.2p per share and 5,587,587 ordinary shares bought back at 101.99p.

At 30 June 2012, there were 18,701,459 "C" shares in issue. During the three months ended 30 June 2012 4,855,804 C shares were issued at 100.3p per share and 4,847,443 "C" shares bought back at 101.99p.

Net assets of the Ordinary Shares fund at 30 June 2012 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	30,635,453		82.4%
Quoted investments at bid price	1,141,861		3.1%
Total venture capital investments	31,777,314		85.5%
Net Current Assets	5,391,063		14.5%
Net Assets	37,168,377		100%

Net assets of the C Shares fund at 30 June 2012 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	12,313,563		69.8%
Quoted investments at bid price	-		-
Total venture capital investments	12,313,563		69.8%
Net Current Assets	5,325,290		30.2%
Net Assets	17,638,853		100%

Quoted investments are stated at bid price as at 30 June 2012.  Unquoted investments are stated at fair value as at 30 June as determined by the Directors.

During the three months ended 30 June 2012 the following significant investment transactions took place (all companies unquoted except where otherwise indicated):

Ordinary Shares Portfolio

New and follow-on investments:

Name of Company	Business Activity	Amount Invested £'000
AtFutsal	Indoor futsal (five a side football) arenas	194
Flowrite	Refrigeration and air conditioning service	200
Ixaris	Operate EntroPay- prepaid payment service that enables people who could not previously pay online to pay any merchant that accepts VISA	132
i-Plas	Manufactures building products from waste plastic	67
Abacus Wood	Wood pellet manufacturing	60
Crumb Rubber	Manufacture of fine rubber powder from recycled tyres	35
Vertal	Recycling food waste to fertilizer	13

Investment disposals:

During the period, Irisys was sold for proceeds of £761,398.

C Shares Portfolio

New and follow-on investments:

Name of Company	Business Activity	Amount Invested £'000
Flowrite	Refrigeration and air conditioning service	493
The Fin Machine	Manufacturer of special- purpose capital equipment	3

Investment disposals:

There were no disposals in the period.

For further information please contact:
Gary Fraser, Foresight Group:                            01732 471 800

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Source: Foresight 4 VCT PLC via Thomson Reuters ONE

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