Foresight Solar VCT PLC : Interim Management St...

Foresight Solar VCT plc
Interim Management Statement for the Quarter Ended 31 March 2015

Foresight Solar VCT plc presents its interim management statement for the quarter ended 31 March 2015.

The unaudited net asset value (NAV) per Ordinary share as at 31 March 2015 was 107.5p (31 December 2014: 104.7p).

 

The unaudited net asset value (NAV) per C share as at 31 March 2015 was 92.9p (31 December 2014: 95.0p).

 

In line with original expectations, interim dividends of 3.0p per Ordinary Share and 2.5p per C Share were paid to shareholders on 10 April 2015.

 

At 31 March 2015, there were 38,331,956 Ordinary shares in issue. There were no share movements during the three months ended 31 March 2015 on the ordinary shares fund.

At 31 March 2015 there were 12,511,089 C shares in issue. There were no share movements during the three months ended 31 March 2015 on the C Shares fund.

The net assets at 31 March 2015 comprised the following:

Ordinary Shares Fund	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	40,981		99.5%
Quoted investments at bid price	0		0%
Total venture capital investments	40,981		99.5%
Cash & liquid investments	28		0.1%
Other net current assets	186		0.4%
Net Assets	41,195		100.0

C Shares Fund	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	9,793		84.2%
Quoted investments at bid price	0		0%
Total venture capital investments	9,793		84.2%
Cash & liquid investments	1,528		13.2%
Other net current assets	304		2.6%
Net Assets	11,625		100.0

There were no purchases or sales in the period.

Shareholder Individual Roll-Over Option
As noted in the original prospectus, the Board undertook to write to Shareholders with respect to their individual roll-over option choices which was envisaged to be in June 2015, four years after the original offer closed in June 2011.
As the original offer was eventually extended until November 2011, the Board will now write to Shareholders in advance of November 2015, four years after the actual final close of the offer and in line with their original intention.

For further information please contact:
Gary Fraser, Foresight Group:                            020 3667 8100

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Foresight Solar VCT PLC via Globenewswire

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