Aberdeen Growth Opps VCT PLC
08 November 2006
ABERDEEN GROWTH OPPORTUNITIES VCT PLC
Portfolio Update
The Directors are pleased to announce that, following recent gains made on the
realisations of investments in Travel Class, Vibration Technology and Bond
Aviation Solutions, Aberdeen Growth Opportunities VCT has now made a significant
gain on the sale of its investment in Styles & Wood Holdings.
On 13 October 2006, the Company sold its investment in Vibration Technology for
proceeds of £339,196, an increase of £189,194 on the Company's previous
valuation and cost of the investment. On 17 October 2006, the Company sold its
investment in Bond Aviation Solutions Limited for proceeds of £507,359, an
increase of £87,362 on the Company's previous valuation of the investment,
representing a gain of £207,359 on the cost of investment.
On 7 November 2006, Styles & Wood Holdings PLC listed on the London Stock
Exchange. As part of the flotation process, the Company realised its investment
in Styles & Wood Holdings Limited for proceeds of £801,809, which represent an
increase of £601,809 over the Company's previous valuation of the investment,
and over the cost of the investment.
As these investments were made before the C Ordinary share issue, they were made
only on behalf of the Ordinary share portfolio. The Net Asset Value per C
Ordinary share as at 31 October 2006 was 95.2p compared to 95.3p at 31 May 2006.
In isolation, the increases over previous valuations made on the sales of Bond
Aviation Solutions, Vibration Technology and Styles & Wood indicate an increase
of 9.0p per share in the Net Asset Value of the Ordinary shares. When taken
together with other less significant movements in the valuation of the rest of
the portfolio, the effect is to increase the Net Asset Value from 96.1p per
Ordinary share as at 31 May 2006 to 104.2p per Ordinary share as at 31 October
2006. Since the valuation at 31 May 2006 the Net Asset Value per Ordinary share
has therefore increased by 8.4%.
Issued on behalf of the Board
Aberdeen Asset Management PLC, Secretary
8 November 2006
This information is provided by RNS
The company news service from the London Stock Exchange
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.