Interim Management Statement

RNS Number : 8848L

Foresight 4 VCT PLC

19 January 2009

 



Foresight 4 VCT plc

Interim Management Statement for the Quarter Ended 30 November 2008

Foresight 4 VCT plc presents its interim management statement for the quarter ended 30 November 2008. This constitutes the company's third 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 30 November 2008 was 102.6p (31 August 2008: 104.4p).  Following the period end a 5.0p per share dividend was paid on 19 December 2008, making 17.5p per share of cumulative dividend payments in the last three years. The Board is not aware of any other significant events or transactions between the date of the NAV and the date of publication of this Interim Management Statement.

The number of ordinary shares in issue at 30 November 2008 was 23,462,434. During the three months ended 30 November 2008 no shares were issued and no shares were re-purchased by the company for cancellation.

Net assets at 30 November 2008 comprised the following:

	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	16,757		69.6
Quoted investments at bid price	408		1.7
Total venture capital investments	17,165		71.3
Net Current Assets	6,898		28.7
Net Assets	24,063		100.0

Quoted investments are carried at bid price as at 30 November 2008. Unquoted investments are carried at fair value as at 30 November 2008 as determined by the directors.

During the three months ended 30 November 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
Closed Loop	Plastics recycling	580
Iskra Wind Turbines	Manufacturer of small, efficient wind turbines	431
Global Immersion	Projection equipment for planetariums and immersive theatres	200
Aigis Blast Protection	Special blast absorption materials	66
Advanced Visual Technology	Floor space management	6

Investment disposals:

Name of Company	Business Activity	Original Cost  £'000	Proceeds £'000
VectorCommand	Emergency incident simulation and management	60	71
Advanced Visual Technology	Floor space management	2,332	830
Advanced Visual Technology	Floor space management	6	6

For further information please contact:

Gary Fraser, Foresight Group:               01732 471 800

 

END

 

 

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