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Octopus VCT 3 plc (OVC3)

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Friday 11 January, 2013

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

11 January 2013 

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 from 1 September 2012 to 31 December 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 December
 2012
Period ended 31 August 2012
Net assets (£'000) 7,743 7,732
Return on ordinary activities before tax (£'000) 11 (77)
Net asset value per share ('NAV') 93.7p 93.6p

Performance
At 31 December 2012 the NAV of the Fund was 93.7p. The performance of the Fund has been relatively stable in the period under review, with the NAV increasing slightly due to the income of the Fund exceeding its expenses and the portfolio remaining stable in the period.

Investment activity
A loan to Kushida Power Limited for £239,190 was fully repaid, including interest, on 20 September 2012. Subsequently £250,000 was then invested in Delambre Energy Limited, in the form of a non-qualifying loan. There has been no other investment activity in the period under review as the Fund is already deemed to be fully invested.

Investment portfolio by value as at 31 December 2012

CompanyInvestment classCarrying value £'000% of Net Assets
Delambre Energy Limited Solar 1,250 16.1%
Akycha Power Limited Solar 1,000 12.9%
Adala Solar Limited Solar 1,000 12.9%
Debes Energy Limited Solar 1,000 12.9%
Daubree Energy Limited Solar 1,000 12.9%
Huygens Energy Limited Solar 797 10.3%
Lacaille Energy Limited Solar 797 10.3%
Kushida Power Limited Solar 522 6.7%

Material events and transactions
The Fund's Board is not aware of any other significant event or transaction which has occurred since 31 December 2012 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

ENDS




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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