Hygea VCT plc : Result of AGM and Interim Manag...

For immediate release                                                          9 May 2013                                                

HYGEA VCT PLC

RESULT OF AGM
INTERIM MANAGEMENT STATEMENT

Hygea vct plc ('the Company') announces that at the Company's AGM held yesterday,  all resolutions were passed.  

In addition,  the Company presents its interim management statement for the period from 1 January 2013 to 8 May 2013. This constitutes the Company's first interim management statement for the financial year ending 31 December 2013, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3. This statement has been prepared solely to provide additional information in order to meet the requirements of the Disclosure and Transparency Rules and should not be relied on by shareholders, or any other party, for any other purpose.

The unaudited net asset value per ordinary share and the number of shares in issue at 31 March 2013 were 101.7p and 8,115,376 respectively (31 December 2012: 118.2p and 8,115,376 respectively).  There were no shares held in Treasury at either date.

No shares have been issued or repurchased during the period.

At 31 March 2013, the Company's assets included its portfolio of unlisted assets along with £204,499 in cash and £6,294,124 in AIM traded shares valued at bid price. The Scancell plc ('Scancell') share price declined from 47.0p at 31 December 2012 to 37.0p at 31 March 2013. During the period 300,000 Scancell shares have been sold for £136,229 and 15,000 EpiStem Holdings plc shares were sold for £81,585.

During the three months ended 31 March 2013, the Company made a further investment of £100,000 into Axon Limited. Since the 31 March 2013 the Company has made a further investment of £110,000 into OR Productivity plc.

The Directors are not aware of any other events which have taken place between 31 March 2013 and the date of publication of this statement, which have had a material effect on the financial position of the Company.

Enquiries:
James Otter, Hygea vct plc on 01730 829877 or [e-mail]
Charles Breese, Hygea vct plc on 01280 703482 or [e-mail]
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396

website: www.hygeavct.com

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information contained therein.

Source: Hygea VCT plc via Thomson Reuters ONE

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