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 30 June 2014. The statement also includes relevant financial information between the end of the period and the date of this announcement.

Performance

	As at 30 June 2014	As at 31 March 2014	As at 31 December 2013	As at 30 September 2013
	Unaudited	Unaudited	Unaudited	Audited
	Pence	Pence	Pence	Pence
Net Asset Value per Ordinary Share	104.7	105.2	123.3	98.8
Net Asset Value per 'A' Share	0.1	0.1	0.1	0.1
Cumulative distributions per Ordinary Share	24.5	24.5	8.5	8.5
Total return per Ordinary Share and 'A' Share	129.3	129.8	131.9	107.4

Investment portfolio summary at 30 June 2014

	Cost	Valuation	Valuation Movement From 1 Apr to  30 Jun 2014
	£'000	£'000	£'000
Lunar 2 Limited	2,976	9,863	-
Ayshford Solar (Holding) Limited	2,390	2,672	-
Hewas Solar Limited	1,125	1,624	-
New Energy Era Limited	883	1,473	-
Vicarage Solar Limited	871	1,315	-
St Columb Solar Limited	735	1,236	-
Gloucester Wind Limited	1,000	1,000	-
Minsmere Power Limited	975	975	-
Small Wind Generation Limited	975	975	-
AEE Renewables UK 3 Limited	900	900	-
Penhale Solar Limited	900	900	-
HRE Willow Limited	875	875	-
Tumblewind Limited	850	850	-
Lunar 1 Limited	124	402	-
Owl Lodge Solar (Holding) Limited	80	260	-
Causilgey Solar (Holding) Limited	248	226	-
Higher Tregarne Solar (Holding) Limited	243	224	-
ZW Parsonage Limited	15	15	-
Yonder Netherton Solar (Holding) Limited	5	5	-
Sunhazel UK Limited	1	1	-
Lime Technology Limited	100	-
Total	16,271	25,791	-

Investment activity during the three month period ended 30 June 2014
There were no investment additions or disposals from 1 April 2014 to 30 June 2014.

Investment activity from 1 July 2014 to the date of this report

Additions               None

Disposals

	£'000
Ayshford Solar (Holding) Limited	123
Hewas Solar Limited	85
St Columb Solar Limited	12
	220

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 2014	22,793,330	23	34,189,992	34
Shares issued during the period	1,809,828	2	2,714,741	3
At 30 June 2014	24,603,158	25	36,904,733	37

There were no changes to the share capital from 1 July 2014 to the date of this announcement.

Dividends paid or declared in the period
No dividends were declared or paid in the period from 1 April 2014 to the date of this announcement.

Material events
Other than described above, there were no material events during the period from 1 April 2014 to the date of this announcement.

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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: Hazel Renewable Energy VCT 2 plc via Globenewswire

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