12th Jul 2007 10:44
Close Brothers Aim Vct PLC12 July 2007 Close Brothers AIM VCT PLC Interim Management Statement Introduction I am pleased to present your Company's first interim management statement forthe period from 1st March to the 11th July 2007 as required by the UK ListingAuthority's Disclosure and Transparency Rule 4.3. Performance The net asset values (NAV) as at 4 July 2007, as announced on the London StockExchange RNS service on 6 July 2007 for the Ordinary and D shares were 85.9p and131.4p respectively (after accounting for the dividends). Including the 2.5pdividends declared but not yet paid on both classes of shares the Ordinary and Dshares appreciated by 0.7% and 6.8% respectively in the period to 4 July 2007.This compares with a total return for the AIM index of 11.8%. There have been nomaterial events since the latest net asset value was struck on 4 July 2007, savea commitment to one new investment in the D share portfolio of £0.3 m. Portfolios In the period to 4 July 2007 we have made 8 new investments in the D portfolioat a total cost of £2.2m and one new investment in the Ordinary portfolio at acost of £0.4 m. Both portfolios took some profits in Tanfield, and in the Dportfolio we accepted a cash bid for the holding in Computer Software Group, andMears shares for the holding in Careforce. As at 4th July 2007 the Ordinaryportfolio was 81.6% and the D portfolio was 58.8% invested in qualifyinginvestments. New Investments in the Period Company Ordinary Portfolio D Share Portfolio Cost £000 Cost £000 Neuropharm PLC 400.0 400.0Claimar PLC - 200.0B Global PLC - 150.0Idox PLC - 362.0Tasty PLC - 149.0Pressure Technology PLC - 300.0Invu PLC - 200.0Mount Engineering PLC - 431.0 Top Ten Qualifying Holdings (as at 4th July 2007) Ordinary Portfolio Carrying Value £000s Tanfield Group PLC 1,796.7Bond International Software PLC 1,245.9Pipex Communications PLC 1,089.8Colliers Cre PLC 981.9Pilat Media Global PLC 973.6The Clapham House Group PLC 939.7Mears PLC 926.5Claimar Care Group PLC 833.9Cello Group PLC 765.0Zetar PLC 731.4 D Portfolio Carrying Value £000s Tanfield Group PLC 1,507.5Claimar Care Group PLC 1,123.4Mattioli Woods PLC 692.7Vertu Motors PLC 600.0Neuropharm PLC 560.6Work Group PLC 480.2Hexagon Human Capital PLC 477.2Zetar PLC 457.2Idox PLC 434.7Mount Engineering PLC 430.8 All of the top ten qualifying holdings are quoted and valued at bid price as at4th July. Dividends As stated in the Preliminary Announcement of the results for the year to 28February 2007, the Board has declared a dividend of 2.5p to all Ordinaryshareholders and 2.5p to all D shareholders. All Ordinary and D shareholders onthe register on 6 July will be paid on the 3 August 2007. Share buybacks and discount During the period to 11 July 2007, the company repurchased 376,951 Ordinaryshares. Additionally the Company purchased 146,191 D shares in the period. As at 4th July, the discount of the Ordinary share price to NAV per share was6.9%. The discount for the D shares was 8.3%. 12 July 2007 For further information please contact Andrew Buchanan/Kate Tidbury of CloseInvestments Limited Tel: 0207 426 4139 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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