Octopus Apollo VCT plc : Interim Management Sta...

Octopus Apollo VCT PLC
Interim Management Statement
                     
13 December 2013

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus Apollo VCT plc ("Apollo" or "Company") presents an Interim Management Statement for the period 1 August 2013 to 31 October 2013. The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

	9 months to 31 October 2013	6 months to 31 July 2013	Year to 31 January 2013
Net assets (£'000s)	63,073	64,867	47,774
Net profit after tax (£'000s)	576	330	223
Net asset value per share ("NAV")	85.2p	87.3p	89.3p
Cumulative dividends paid since launch *	22.5p	20.0p	17.5p
NAV plus cumulative dividends paid	107.7p	107.3p	106.8p

*inclusive of 2.5p dividend paid on 15 November 2013 to shareholders on the register on 18 October 2013.

Investment performance
At 31 October 2013 the NAV plus cumulative dividends paid of the Company was 107.7p, which compares to 107.3p as at 31 July 2013, an increase of 0.4%. This is as a result of the income of the Company exceeding its standard running costs.

A capital loan repayment of £235,007 was received from Bluebell Telecom Services Limited on 6 August 2013.

Top Ten Investment Portfolio by Value as at 31 October 2013

Company	Investment class	Carrying value £'000	% of Net Assets
Terido LLP	Asset backed lending	14,000	22.2%
Clifford Thames Group Limited	Automotive	7,699	12.2%
CSL DualCom Limited	Security devices	6,911	11.0%
Borro Loan 2 Limited	Consumer finance	3,500	5.5%
Bluebell Telecom Services Limited	Telecommunications	3,090	4.9%
Resilient Corporate Services Limited	Solar	2,000	3.2%
Mablaw 555 Limited	Engineering	2,000	3.2%
Winnipeg Heat Limited	Ground source heat	2,000	3.2%
Shakti Power Limited	Solar	1,825	2.9%
Healthcare Services and Technology Limited	Healthcare Technology	1,500	2.4%

Dividends
For the six months to 31 July 2013, the Board declared a dividend of 2.5p per share.  This dividend was paid on 15 November 2013 to those shareholders who were on the register on 18 October 2013.

Shares bought back
On 30 September 2013 the Company purchased for cancellation 270,849 shares at a price of 82.75p per share.

Material events and transactions
The Board is not aware of any other significant event or transaction which has occurred between 1 November 2013 and the date of the publication of this statement which would have a material impact on the financial position on the Company.

For further information please contact:
Benjamin Davis - Fund Manager
Octopus Investments Limited - 0800 316 2347

ENDS

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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: Octopus Apollo VCT plc via Globenewswire

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