Interim Management Statement

RNS Number : 5261Z

Foresight 4 VCT PLC

21 July 2008

 



Foresight 4 VCT plc

Interim Management Statement for the Quarter Ended 31 May 2008

Foresight 4 VCT plc presents its interim management statement for the quarter ended 31 May 2008. This constitutes the company's first interim management statement for the financial year ending 28 February 2009, 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 May 2008 was 105.8p (29 February 2008: 110.2p). The Board is not aware of any significant events or transactions between the date of the NAV and the date of publication of this Interim Management Statement.

The Company continues to see strong deal flow in its core investment markets of environmental infrastructure and cleantech and small management buyouts and expects to make further investments in these areas in the coming months.

The number of ordinary shares in issue at 31 May 2008 was 23,542,766. During the three months ended 31 May 2008 787,662 were issued and no shares were re-purchased by the company for cancellation.

Net assets at 31 May 2008 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	16,308		65.5
Quoted investments at bid price	487		1.9
Total venture capital investments	16,795		67.4
Net Current Assets	8,113		32.6
Net Assets	24,908		100.0

Quoted investments are carried at bid price as at 31 May 2008. Unquoted investments are carried at fair value as at 31 May 2008 as determined by the directors.

During the three months ended 31 May 2008 the following significant investment transactions took place (all companies unquoted except where otherwise indicated):

New and follow-on investments:

Name of Company	Business Activity	Amount Invested  £'000
Lynwood*	Plastic building products	250
O-Gen	Developing combined heat and power plants	210
Advanced Visual Technology	Floor space management software	200
The Bunker Secure Hosting	Secure data centres	119
Closed Loop	Plastics recycling	83
OLED-T	Organic light emitting displays	32

*New investment in the period.

Investment disposals:

Name of Company	Business Activity	Original Cost  £'000	Proceeds £'000
Utarget	Online advertising	1,000	1,953

For further information please contact:

Gary Fraser, Foresight Group:            01732 471 800

 

END

 

 

IMSKGGZNZMDGRZM