Octopus VCT 3 plc

Octopus VCT 3 plc : Interim Management Statement

Octopus VCT 3 plc : Interim Management Statement

Octopus VCT 3 PLC
Interim Management Statement

23 September 2014 

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus VCT 3 plc ("Company") presents an Interim Management Statement for the period from 1 March 2014 to 30 June 2014. The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

   10 months to 30 June 20146 months ended 28 February 2014
Net assets (£'000) 7,092 7,040
Return on ordinary activities before tax (£'000) (312) (365)
Net asset value per share ('NAV') 85.8p 85.2p
Dividends paid (p) - 5.0p

At 30 June 2014 the NAV of the Company was 85.8p, a small increase on the NAV as at 28 February 2014 due to the income of the Company exceeding its expenses.

Investment activity
There have been no additional investments or sales/repayments in the period 1 March 2014 to 30 June 2014.

Investment portfolio by value as at 30 June 2014

CompanyInvestment classCarrying value £'000% of Net Assets
Delambre Energy Limited Solar 1,388 19.6%
Huygens Energy Limited Solar 1,267 17.9%
Daubree Energy Limited Solar 958 13.5%
Debes Energy Limited Solar 910 12.8%
Adala Solar Limited Solar 859 12.1%
Lacaille Energy Limited Solar 747 10.5%
Akycha Power Limited Solar 639 9.0%

Material events and transactions
On 1 July 2014, it was confirmed that Stables Farm, owned by Akycha Power Limited, would receive formal FIT accreditation from Ofgem.

The Company's Board is not aware of any other significant event or transaction which has occurred between 30 June 2014 and the date of publication of this statement which would have a material impact on the financial position on the Company.

For further information please contact:
Matt Setchell - Fund Manager
Octopus Investments Limited - 0800 316 2295


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: Octopus VCT 3 plc via Globenewswire