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Octopus VCT 3 plc (OVC3)

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Friday 21 February, 2014

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

21 February 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 September 2013 to 31 December 2013. The statement also includes relevant financial information between the end of the period and the date of this statement.

Financial Summary

   4 months to 31 December 2013Year ended 31 August 2013
Net assets (£'000) 7,850 7,818
Return on ordinary activities before tax (£'000) 32 86
Net asset value per share ('NAV') 95.0p 94.6p
Dividends proposed (p) - 5.0p*

 *A dividend of 5.0p per share was paid on 12 February 2014 to shareholders on the register on 10 January 2014. Please note the payment of this dividend reduced the NAV of the Company by 5.0p per share.

Performance
At 31 December 2013 the NAV of the Company was 95.0p, a small increase on the NAV as at 31 August 2013 due to the income of the Company exceeding its expenses.

Investment activity
Follow on loan investments of £50,000 were made into Adala Solar Limited and Akycha Power Limited on 19 September 2013.

An additional £3,000 was received on 10 October 2013 in respect of Kushida Power Limited which was originally disposed of in April 2013.

Investment portfolio by value as at 31 December 2013

CompanyInvestment classCarrying value £'000% of Net Assets
Delambre Energy Limited Solar 1,395 17.8%
Huygens Energy Limited Solar 1,202 15.3%
Daubree Energy Limited Solar 1,000 12.7%
Debes Energy Limited Solar 1,000 12.7%
Adala Solar Limited Solar 925 11.8%
Akycha Power Limited Solar 800 10.2%
Lacaille Energy Limited Solar 797 10.2%

Material events and transactions
The Company's Board is not aware of any other significant event or transaction which has occurred since 31 December 2013 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

ENDS




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

HUG#1763783

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