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Rensburg AIM VCTPlc (RSB)

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Monday 13 January, 2014

Rensburg AIM VCTPlc

Interim Management Statement

RNS Number : 4865X
Rensburg AIM VCT Plc
13 January 2014
 

RENSBURG AIM VCT PLC

 

Interim Management Statement

 

Introduction

 

Rensburg Aim VCT plc ('the Company'), the venture capital trust that specialises in investing in companies whose shares are traded on the Alternative Investment Market of the London Stock Exchange ('AIM'), today announces its interim management statement in respect of the period from 1 September 2013 to 10 January 2014 ('the Period').

 

The unaudited net asset value ('NAV') per ordinary share as at 31 December 2013 was 48.18 pence per share (unaudited 31 August 2013 NAV: 45.25 pence per share).  During December 2013 the Company paid an interim dividend of 1.50 pence per share.  After adjusting for dividends paid, the NAV increased by 9.8% between 1 September 2013 and 31 December 2013.  Our performance benchmarks, the Total Return FTSE AIM All-Share and Total Return FTSE 100 indices increased by 13.4% and 6.0% respectively between 1 September 2013 and 31 December 2013.

 

The Company has distributed a total of 58.25 pence per share since it was established.

 

Qualifying Investments

 

During the period, the Company made three qualifying investments being £350,000 in Sanderson Group plc, £200,000 in Belvoir Lettings plc and £220,000 in Plastics Capital plc. The Company realised proceeds of £541,000 from qualifying investments resulting in a gain of £65,000 over historic cost.

 

Share capital and share buy-backs

 

The number of ordinary shares in issue at 10 January 2014 was 38,730,437 (31 August 2013: 38,957,687). No shares were issued and 227,250 shares were bought back for cancellation during the period for a consideration of £96,000.

 

Share price

 

On 10 January 2014 the Company's closing middle share price was 47.25 pence per share (31 August 2013: 39.00 pence). At 31 December 2013 the discount between the then closing middle share price of 47.25 pence and NAV per share was 2% (31 August 2013: 14% discount to the NAV per share at that date).

 

Information

 

Publicly available information including our annual and half-yearly financial statements, latest NAV, share price and dividend history is available on our website at www.rensburgaimvct.co.uk.

 

Richard Battersby

Chairman

 

For further information please contact:

 

Barry Anysz

Director

0113 245 4488

 

13 January 2014


This information is provided by RNS
The company news service from the London Stock Exchange
 
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