Foresight 4 VCT PLC
23 January 2008
Foresight 4 VCT plc
Interim Management Statement for the Quarter Ended 30 November 2007
Foresight 4 VCT plc presents its interim management statement for the quarter
ended 30 November 2007. This constitutes the company's third interim management
statement for the financial year ending 28 February 2008, as required by the UK
Listing Authority's Disclosure and Transparency Rule 4.3.
The unaudited net asset value (NAV) per ordinary share as at 30 November 2007
was 107.4p (31 August 2007: 103.2p). Following the period end a 5.0p per share
dividend was paid on 28 December 2007, making 12.5p per share of cumulative
dividend payments in the last two years. Additionally on 10 January 2008,
Foresight 4 sold its investment in Nomad Payments Limited for £3.6 million, in
excess of two times original cost. The Board is not aware of any other
significant events or transactions between the date of the NAV and the date of
publication of this Interim Management Statement.
The number of ordinary shares in issue at 30 November 2007 was 21,951,339.
During the three months ended 30 November 2007 no shares were issued and no
shares were re-purchased by the company for cancellation.
Net assets at 30 November 2007 comprised the following:
£'000 % of Net
Assets
Unquoted Investments at fair value as determined by the Directors
19,350 82.2
Quoted investments at bid price 553 2.3
Total venture capital investments 19,903 84.5
Net Current Assets 3,671 15.5
Net Assets 23,574 100.0
Quoted investments are carried at bid price as at 30 November 2007. Unquoted
investments are carried at fair value as at 30 November 2007 as determined by
the directors.
During the three months ended 30 November 2007 the following significant
investment transactions took place (all companies unquoted except where
otherwise indicated):
New and follow-on investments:
Name of Company Business Activity Amount Invested
£'000
Datapath Manufacturer of videowall controllers 1,000
OLED-T Organic lighting displays 54
Clockworx (previously Specialist online auctioning platforms 24
Auctioning4U)
Investment disposals:
Name of Company Business Activity Original Cost Proceed
£'000 £'000
Covion Facilities management 200 856
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800
This information is provided by RNS
The company news service from the London Stock Exchange
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