Hazel Renewable Energy VCT 1 plc : Interim Mana...

Hazel Renewable Energy VCT1 plc

Interim Management Statement

16 August 2012

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Hazel Renewable Energy VCT1 plc presents an Interim Management Statement for the quarter ended 30 June 2012. The statement also includes relevant financial information between the end of the period and the date of this announcement.

Share capital

Share capital and movements in the period are summarised as follows:

	Ordinary Shares		'A' Shares
	No. of Shares	Nominal value £'000	No. of Shares	Nominal value  £'000
At 1 April 2012	20,778,647	20,779	31,167,967	31,168
Shares issued during the period	1,949,406	1,949	2,924,109	2,924
At 30 June 2012	22,728,053	22,728	34,092,076	34,092

There were no changes to the share capital from 1 July 2012 to the date of this announcement.

Performance

	As at 30 June 2012	As at 31 March 2012	As at 31 December 2011	As at 30 September 2011
	Unaudited	Unaudited	Unaudited	Audited
	Pence	Pence	Pence	Pence
Net Asset Value per Ordinary Share	91.0	90.4	93.3	93.4
Net Asset Value per 'A' Share	0.1	0.1	0.1	0.1
Cumulative distributions per Ordinary Share	3.5	3.5	-	-
Total return per Ordinary Share and 'A' Share	94.6	94.0	93.4	93.5

Investment portfolio summary at 30 June 2012

	Cost	Valuation	Valuation Movement from 1 April 2012 to  30 June 2012
	£'000	£'000	£'000
AEE Renewables UK 3 Limited	3,500	3,500	-
AEE Renewables UK 26 Limited	1,794	1,794	-
South Marston Solar Limited	1,110	1,110	-
Hewas Solar Limited	1,000	1,000	-
Beechgrove Solar Limited	1,000	1,000	-
Penhale Solar Limited	1,000	1,000	-
Gloucester Wind Limited	1,000	1,000	-
Small Wind Generation Limited	975	975	-
Minsmere Power Limited	975	975	-
Vicarage Solar Limited	967	967	-
St Columb Solar Limited	935	935	-
Tumblewind Limited	912	912	-
New Energy Era Limited	884	884	-
HRE Willow Limited	875	875	-
Quiet Revolution Limited	600	600	-
Higher Tregarne Solar (Holding) Limited	368	368	-
Hewas Solar Limited	363	363	-
Ayshford Solar (Holding) Limited	334	334	-
Causilgey Solar (Holding) Limited	323	323	-
ZW Parsonage Limited	250	250	-
Lime Technology Limited	100	100	-
Owl Lodge Solar (Holding) Ltd	80	80	-
Yonder Netherton Solar (Holding) Ltd	5	5	-
Sunhazel UK Limited	1	1	-
Total	19,351	19,351	-

Investment activity during the three month period ended 30 June 2012

Additions

	£'000
Penhale Solar Limited	1,000
Gloucester Wind Limited	1,000
Minsmere Power Limited	675
Small Wind Generation Limited	675
Tumblewind Limited	612
St Columb Solar Limited	275
Higher Tregarne Solar (Holding) Limited	166
Causilgey Solar (Holding) Limited	118
Ayshford Solar (Holding) Limited	103
Owl Lodge Solar (Holding) Ltd	80
Yonder Netherton Solar (Holding) Ltd	5
Vicarage Solar Limited	2
Sunhazel UK Limited	1
	4,712

There were no investment disposals in the three month period ended 30 June 2012.

Investment activity from 1 July 2012 to the date of this report

Additions

	£'000
Owl Lodge Solar (Holding) Ltd	434

There were no investment disposals from 1 July 2012 to the date of this report.

Dividends paid or declared in the period

There were no dividends paid or declared in the period from 1 April 2012 to the date of this announcement. 

Material events

Other than described above, there were no material events during the period from 1 June 2012 to the date of this announcement.

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Hazel Renewable Energy VCT 1 plc via Thomson Reuters ONE

HUG#1634386