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Octopus VCT 3 plc (OVC3)


Wednesday 08 August, 2012

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

8 August 2012 

In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus VCT 3 plc ("Fund" or "Company") presents an Interim Management Statement for the period to 31 May 2012. The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

   Period ended 31 May 2012
Net assets (£'000) £7,738
Return on ordinary activities before tax (£'000) £(71)
Net asset value per share ('NAV') 93.6p

At 31 May 2012 the NAV of the Fund was 93.6p. The performance of the Fund has been relatively stable in the period under review, with the NAV decreasing slightly since inception due to the running costs of the Fund exceeding its income.

Investment activity
During the period under review, Octopus VCT 3 plc has invested a total of £7.4million into solar companies that have been set up to invest into the renewable energy sector.

Investment portfolio by value as at 31 May 2012

CompanyInvestment classCarrying value £'000% of Net Assets
Akycha Power Limited Solar 1,000 12.9%
Adala Solar Limited Solar 1,000 12.9%
Debes Energy Limited Solar 1,000 12.9%
Delambre Energy Limited Solar 1,000 12.9%
Daubree Energy Solar 1,000 12.9%
Huygens Energy Limited Solar 797 10.3%
Kushida Power Limited Solar 797 10.3%
Lacaille Energy Limited Solar 797 10.3%

The offer to subscribe for new shares in the Fund is now closed.

Material events and transactions
The Fund's Board is not aware of any other significant event or transaction which has occurred since inception and the date of publication of this statement which would have a material impact on the financial position on the Fund.

For further information please contact:
Matt Setchell - Fund Manager
Octopus Investments Limited - 0800 316 2347


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: Octopus VCT 3 plc via Thomson Reuters ONE


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