Elderstreet VCT plc : Interim Management Statement

Elderstreet VCT plc
Interim Management Statement
for the three months ended 30 September 2014

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Elderstreet VCT plc presents an Interim Management Statement for the three month period ended 30 September 2014.  The statement also includes relevant financial information between the end of the period and the date of this statement.

Dividends paid or declared in the period
On 19 September 2014 the Company paid a special dividend of 15.0p per share.

On 28 August 2014, the Company declared an interim dividend of 2.0p per Ordinary Share for the year to 31 December 2014, payable on 12 December 2014 to Shareholders on the register at 7 November 2014.

Performance

	30 September  2014	30 June 2014	31 December 2013
	Unaudited	Unaudited	Audited
	Pence	Pence	Pence
Net Asset Value ("NAV")	73.8	89.2	78.0
Cumulative Dividends	79.0	64.0	62.0
Total Return *	152.8	153.2	140.0

* NAV plus cumulative dividends paid since launch

Investment portfolio summary at 30 September 2014

	Cost	Valuation	Movement  in period
	£'000	£'000	£'000
Ten largest investments by value
Fords Packaging Topco Limited	2,882	2,882	-
Smart Education Limited	248	2,858	-
Baldwin & Francis Limited	1,384	2,348	-
Access Intelligence plc *	1,633	1,519	(112)
Lyalvale Express Limited	915	1,369	-
AngloINFO Limited	1,404	1,281	-
Concorde Solutions Limited	750	750	-
Snacktime plc*	1,775	621	(9)
Macranet Limited	563	563	-
Interquest Group plc*	226	492	2
Subtotal	11,780	14,683	(119)
Other venture capital investments	3,942	1,391	50
Fixed income securities	1,516	1,515	14
Total	17,238	17,589	(55)

All investments are unquoted unless otherwise stated.
* Quoted on AIM

Investment additions during the three months ended 30 September 2014

	Cost
	£'000
AngloINFO Limited	196
Aconite Technology Limited	5
	201

Since the period end there has been no other additions.

Investment disposals during the three months ended 30 September 2014

	Cost	Value at 01/01/14	Disposal  proceeds	(Loss)/gain  in period against cost	Total realised gain
	£'000	£'000	£'000	£'000	£'000
The Engine Group Limited	496	171	173	(323)	2
Interquest Group plc	41	67	82	41	15
Smart Education Limited	132	132	132	-	-
	669	370	387	(282)	17

Since the period end there has been no other disposals.

Changes to share capital

	Ordinary Shares of 5p each
	Shares	£'000
As at 1 July 2014	30,372,438	1,519
Shares issued under DRIS*	948,110	47
As at 30 September 2014	31,320,548	1,566

* Shares were issued in relation to the special dividend paid on 19 September 2014 under the Dividend Reinvestment Scheme ("DRIS").

No shares have been issued or bought back for cancellation since the period end.

Material events
Other than described above, there were no material events during the period from 1 July 2014 to 30 September 2014 or in the period from 1 October 2014 to the date of this announcement.

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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: Elderstreet VCT plc via Globenewswire

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