Foresight 4 VCT PLC : Interim Management Statement

Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 30 June 2014

Foresight 4 VCT plc presents its interim management statement for the quarter ended 30 June 2014. This constitutes the company's first interim management statement for the financial year ending 31 March 2015, 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 2014 was 86.7p (31 March 2014: 86.7p).

 

The unaudited net asset value (NAV) per C share as at 30 June 2014 was 75.5p (31 March 2014: 66.1p).

 

At 30 June 2014, there were 38,569,414 Ordinary shares in issue. During the three months ended 30 June 2014 no shares were allotted or bought back.

At 30 June 2014, there were 18,680,907 C shares in issue. During the three months ended 30 June 2014 no shares were allotted or bought back.

Net assets of the Ordinary Shares fund at 30 June 2014 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	31,719		94.9%
Quoted investments at bid price	184		0.5%
Total venture capital investments	31,903		95.4%
Net Current Assets	1,539		4.6%
Net Assets	33,442		100.0%

Net assets of the C Shares fund at 30 June 2014 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	11,668		82.7%
Quoted investments at bid price	-		-
Total venture capital investments	11,668		82.7%
Net Current Assets	2,435		17.3%
Net Assets	14,103		100.0%

Quoted investments are stated at bid price as at 30 June 2014.  Unquoted investments are stated at fair value as at 30 June 2014 as determined by the Directors.

During the three months ended 30 June 2014 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 addition	Amount Invested £'000
AlwaysON Group	Data storage, data protection and Microsoft solutions specialist	Working capital	130
Biofortuna	Molecular diagnostics business with expertise in enzyme stabilisation, effectively hi-tech freeze drying	Growth capital	51

Investment disposals:

Name of Company	Business Activity	Carrying value £'000	Proceeds £'000
Amberfin	Specialist broadcast software and services	116	54

C Shares Portfolio

Follow-on investments:

Name of Company	Business Activity	Type of addition	Amount Invested £'000
Biofortuna	Molecular diagnostics business with expertise in enzyme stabilisation, effectively hi-tech freeze drying	Growth capital	51

Investment disposals:

There were no disposals in the period.

For further information please contact:
Gary Fraser, Foresight Group:                            0203 667 8109

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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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