Interim Management Statement

RNS Number : 0712Q

Maven Income and Growth VCT 3 PLC

12 October 2011

 



Maven Income and Growth VCT 3 PLC

Interim Management Statement

1.         Net Asset Value

The NAV was 79.1p and the Ordinary share NAV Total Return was 105.8p at 31 August 2011 (104.15p and 79.2p at 31 May 2011). The NAV Total Return is calculated as the NAV plus dividends paid.

The NAV shown above is unaudited and reflects the closing bid prices of quoted securities at 31 August 2011. Unlisted companies are normally valued on a six-monthly basis and the NAV includes the Directors' valuations of unlisted investments as at 31 May 2011 adjusted for material developments within the portfolios since that date.  

2.         Investments and disposals

During the quarter ended 31 August 2011, two new and three follow-on investments totalling £1,311,000 were made in five unquoted companies. During the same period, a combination of partial and complete disposals of five unquoted investments and three AIM investments generated aggregate proceeds of £1,589,520 compared with cost of £1,036,963.

There were no other material transactions during the period under review. 

3.         Recent developments

Since 31 August 2011, one further new investment of £358,000 has been made.

The Board is not aware of any other events or transactions that have taken place between 31 August 2011 and the date of publication of this statement and 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

12 October 2011

 

END

 

 

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