Interim Management Statement

RNS Number : 4929Q

Maven Income and Growth VCT 5 PLC

19 October 2011

 



Interim Management Statement

Maven Income and Growth VCT 5 PLC (the Company) - quarter ended 31 August 2011

This Interim Management Statement, for the quarter ended 31 August 2011, is provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority and also includes relevant information in respect of the period from 1 September 2011 to the date of issue. This Statement has been prepared solely to provide additional information in order to meet the relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules, and should not be relied on by Shareholders, or any other party, for any other purpose.

1.	Financial highlights

·      Net Asset Value (NAV)¹ of 32.4p per share at 31 August 2011, compared to 36.0p per share at 31 May 2011;

·      NAV total return² of 54.4p at 31 August 2011, compared to 57.5p at 31 May 2011; and

·      Interim dividend of 0.5p per share in respect of the year ending 30 November 2011 paid on 26 August 2011.

¹The NAV is unaudited and reflects the closing bid price of quoted securities at 31 August 2011. Unlisted companies are normally valued on a six-monthly basis and the NAV incorporates the Directors' valuation of unlisted investments as at 31 May 2011, adjusted for subsequent events where appropriate.

²NAV total return is the sum of NAV per share and dividends paid per share since launch.

2.	Investments and disposals

During the quarter ended 31 August 2011, two unlisted investments were completed and a total of £424,000 was invested. In the same period, the full or partial disposals of one unlisted and eleven AIM quoted investments generated aggregate proceeds of £1,544,786 against a total cost of £1,111,620.

3.	Recent developments

Between 1 September 2011 and the date of this Statement the Company invested £214,000 in two unlisted companies and the disposal of an AIM quoted investment, as a result of an offer being made for the investee company, generated proceeds of £66,043 against a cost of £267,957.

Other than described above and changes in the value of investments quoted on regulated markets, the Board is not aware of any material events during the period from 1 June 2011 to 31 August 2011, or in the period from 1 September 2011 to the date of this announcement, which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP

Secretary

19 October 2011

 

END

 

 

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