Foresight Solar VCT PLC : Interim Management St...

Foresight Solar VCT plc
Interim Management Statement for the Quarter Ended 30 September 2015

Foresight Solar VCT plc presents its interim management statement for the quarter ended 30 September 2015. This constitutes the company's first interim management statement for the financial year ending 30 June 2016, 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 September 2015 was 108.2p (30 June 2015: 109.9p).

The unaudited net asset value (NAV) per C share as at 30 September 2015 was 86.5p (30 June 2015: 91.7p).

In line with original expectations, an interim dividend of 3.0p per Ordinary Share and 2.5p per C Share was paid to shareholders on 13 November 2015.

At 30 September 2015 there were 38,316,956 ordinary shares in issue. There were no share movements during the three months ended 30 September 2015 on the ordinary shares fund.

At 30 September 2015 there were 12,511,089 C shares in issue. There were no share movements during the three months ended 30 September 2015 on the C shares fund.

The net assets at 30 September 2015 comprised the following:

Ordinary Shares Fund			£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors			40,208		97.0%
Quoted investments at bid price			0		0%
Total venture capital investments			40,208		97.0%
Cash & liquid investments			1,164		2.8%
Other net current assets			80		0.2%
Net Assets			41,452		100.0

C Shares Fund	£'000		% of Net Assets
Unquoted Investments at fair value as determined by the Directors	10,372		95.8%
Quoted investments at bid price	0		0%
Total venture capital investments	0		95.8%
Cash & liquid investments	81		0.8%
Other net current assets	367		3.4%
Net Assets	10,820		100.0

During the three month period ended 30 September 2015 the C Shares fund invested £950,000 into a US-based project.

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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