18th Jun 2007 14:45
Aberdeen Growth VCT1 PLC18 June 2007 Aberdeen Growth VCT I PLC ("the Company") Interim Management Statement - Quarter ended 30 April 2007 This Interim Management Statement, for the quarter ended 30 April 2007, isprovided in accordance with Rule 4.3 of the Disclosure and Transparency Rules ofthe UK Listing Authority and also includes relevant information in respect ofthe period from 1 May 2007 to the date of issue. This Statement has beenprepared solely to provide additional information in order to meet the relevantrequirements of the UK Listing Authority's Disclosure and Transparency Rules,and should not be relied on by Shareholders, or any other party, for any otherpurpose. 1. Financial highlights • Net Asset Value ("NAV")* of 76.6p at 30 April 2007; an increase of 3.8% on the 31 January 2007 NAV of 73.8p. • Final revenue dividend of 0.5p per share approved for payment on 22 June 2007. \* The NAV is unaudited and reflects the closing bid price of quoted securities at30 April 2007. Unlisted companies are valued on a six monthly basis and the NAVincorporates the Directors' valuation of unlisted investments as at 31 January2007. 2. Investments and Disposals During the quarter ended 30 April 2007, investments totalling £2,343,000 weremade in 13 unlisted or AIM/PLUS quoted companies. During the same period, a combination of partial and complete disposals of 12unlisted or AIM quoted investments generated aggregate proceeds of £633,000against cost of £640,000. While within these disposals a loss of £448,000against cost was realised on the disposal of the investment in AMGas, aprovision had previously been taken against the value of this investment and amodest gain of around £3,000 over the value at 31 January 2007 was achieved onexit There were no other material transactions during the period under review. 3. Recent developments Between 30 April 2007 and the date of this statement, 3 further investmentstotalling £560,000 were made in unlisted companies. During the same post quarter-end period, a combination of partial and completedisposals of 9 unlisted or AIM quoted investments generated aggregate proceedsof £331,000 against cost of £182,000. Other than described above, Board is not aware of any material events during theperiod from 1 February 2007 to 30 April 2007, or in the period from 1 May 2007to the date of this announcement, which would have had a material impact on thefinancial position of the Company. Issued on behalf of the BoardAberdeen Asset Management PLC, Secretary18 June 2007 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Maven Income and Growth VCT 2