Hazel Renewable Energy VCT 2 plc : Interim Mana...

Hazel Renewable Energy VCT2 plc
Interim Management Statement

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Hazel Renewable Energy VCT2 plc presents an Interim Management Statement for the quarter ended 31 December 2012. The statement also includes relevant financial information between the end of the period and the date of this announcement.

Performance

	As at 31 December 2012	As at 30 September 2012	As at 30 June 2012	As at 31 March 2012
	Unaudited	Audited	Unaudited	Unaudited
	Pence	Pence	Pence	Pence
Net Asset Value per Ordinary Share	94.5	94.6	91.0	90.4
Net Asset Value per 'A' Share	0.1	0.1	0.1	0.1
Cumulative distributions per Ordinary Share	3.5	3.5	3.5	3.5
Total return per Ordinary Share and 'A' Share	98.1	98.2	94.6	94.0

Investment portfolio summary at 31 December 2012

	Cost	Valuation	Valuation Movement from 1 Oct 2012 to  31 Dec 2012
	£'000	£'000	£'000
AEE Renewables UK 3 Limited	3,500	3,500	-
AEE Renewables UK 26 Limited	1,270	1,614	-
Hewas Solar Limited	1,212	1,320	-
St Columb Solar Limited	810	1,061	-
South Marston Solar Limited	1,058	1,058	-
Gloucester Wind Limited	1,000	1,000	-
Penhale Solar Limited	1,000	1,000	-
New Energy Era Limited	884	976	-
Minsmere Power Limited	975	975	-
Small Wind Generation Limited	975	975	-
Beechgrove Solar Limited	953	953	-
Tumblewind Limited	912	912	-
HRE Willow Limited	875	875	-
Vicarage Solar Limited	871	871	-
Quiet Revolution Limited	600	600	-
Owl Lodge Solar (Holding) Limited	544	544	-
Ayshford Solar (Holding) Limited	501	501	-
Higher Tregarne Solar (Holding) Limited	368	368	-
Causilgey Solar (Holding) Limited	349	349	-
ZW Parsonage Limited	250	250
Lime Technology Limited	100	100	-
Yonder Netherton Solar (Holding) Ltd	5	5	-
Sunhazel UK Limited	1	1	-
Total	19,013	19,808	-

Investment activity during the three month period ended 31 December 2012

Additions

	£'000
Ayshford Solar (Holding) Limited	50
	50

Disposals

	£'000
AEE Renewables UK 26 Limited	525
Hewas Solar Limited	150
St Columb Solar Limited	125
South Marston Solar Limited	52
Small Wind Generation Limited	47
	899

Investment activity from 1 January 2013 to the date of this report

Additions

	£'000
Ayshford Solar (Holding) Limited	825
	825

There were no investment disposals from 1 January 2013 to the date of this report.

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 October 2012	22,793,330	22,793	34,189,992	34,190
Shares issued during the period	-	-	-	-
At 31 December 2012	22,793,330	22,793	34,189,992	34,190

There were no changes to the share capital from 1 January 2013 to the date of this announcement.

Dividends paid or declared in the period
On 15 January 2013, the Company announced a proposed final dividend of 5.0p per Ordinary Share payable on 28 March 2013, subject to Shareholder approval at the AGM on 11 March 2013.

Material events
Other than described above, there were no material events during the quarter ended 31 December 2012 or in the period from 1 January 2013 to the date of this announcement.

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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 2 plc via Thomson Reuters ONE

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