Octopus VCT 3 plc : Interim Management StatementOctopus 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
| Company | Investment class | Carrying 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
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Source: Octopus VCT 3 plc via Thomson Reuters ONE
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