Foresight 4 VCT PLC : Interim Management Statement

Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 31 December 2013

Foresight 4 VCT plc presents its interim management statement for the quarter ended 31 December 2013.  This constitutes the company's second interim management statement for the financial year ending 31 March 2014, 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 31 December 2013 was 89.4p (30 September 2013: 90.7p).

The unaudited net asset value (NAV) per C share as at 31 December 2013 was 64.4p (30 September 2013: 63.8p).

At 31 December 2013, there were 38,569,418 Ordinary shares in issue. There was no share movements during the three months ended 31 December 2013.

At 31 December 2013, there were 18,680,907 C shares in issue. There was no share movements during the three months ended 31 December 2013.

Net assets of the Ordinary Shares fund at 31 December 2013 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	31,571		91.6%
Quoted investments at bid price	398		1.2%
Total venture capital investments	31,969		92.8%
Net Current Assets	2,508		7.2%
Net Assets	34,477		100.0%

Net assets of the C Shares fund at 31 December 2013 comprised the following:

	£		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	10,269		84.6%
Quoted investments at bid price	-		-
Total venture capital investments	10,269		84.6%
Net Current Assets	1,863		15.4%
Net Assets	12,132		100.0%

Quoted investments are stated at bid price as at 31 December 2013.  Unquoted investments are stated at fair value as at 31 December 2013 as determined by the Directors.

During the three months ended 31 December 2013 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	Type of purchase transaction	Amount Invested £'000
Trilogy Communications	Supplier of audio communication and infrastructure equipment	Loan	65

Investment realisations:

Name of Company	Business Activity	Type of disposal transaction	Original Cost £'000	Proceeds £'000
Probability plc (Quoted)	Online gambling service	AIM market sale	258	157
Zoo Digital (Quoted)	Supplies software and software led services for authored content (e.g. DVD, Blu-ray, iTunes media)	Sale of loan stock	178	178
Flowrite Refrigeration	Refrigeration and air conditioning service, maintenance and installation company	Loan repayment	128	128
Global Immersion	Providing projection equipment, design, installation and maintenance services.	Payment from administrator	1	1

C Shares Portfolio

New and follow-on investments:

There were no new or follow-on investments during the period

Investment realisations:

Name of Company	Business Activity	Type of purchase transaction	Original Cost £'000	Proceeds £'000
Flowrite Refrigeration	Refrigeration and air conditioning service, maintenance and installation company	Loan repayment	314	314

For further information please contact:

Gary Fraser, Foresight Group:                        01732 471 800

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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Foresight 4 VCT PLC via Globenewswire

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