27th Jan 2009 12:01
The directors of Triple Point VCT plc are pleased to announce their Interim Management Statement for the Company for the quarter ended 31 December 2008
Please address any queries to :
David Dick 020 7201 8989 or Graham Urquhart 020 3216 2000
27 January, 2009
Triple Point VCT plc
Interim Management Statement for the Quarter Ended 31 December 2008
Triple Point VCT plc has pleasure in presenting its Interim Management Statement for the quarter ended 31 December 2008. This constitutes the Company's second interim management statement for the year ended 31 March 2009, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
Net assets as at 31 December 2008 comprised:-
|
Unaudited 31 December 2008 |
Unaudited 30 September 2008 |
Audited 31 March 2008 |
||||
|
£'000 |
% |
£'000 |
% |
£'000 |
% |
|
|
Fixed asset investments, at fair value |
23,232 |
86.8 |
23,232 |
87.2 |
23,232 |
76.1 |
|
Net current assets |
3,528 |
13.2 |
3,408 |
12.8 |
7,302 |
23.9 |
|
Net assets |
26,760 |
100.0 |
26,640 |
100.0 |
30,534 |
100.0 |
|
Net asset value per ordinary share |
93.57p |
93.15 |
95.45p |
|||
.
Investment Activity
The company is now fully invested in VCT qualifying holdings and therefore no additions were made during the quarter to its portfolio of unlisted investments.
Material Events and Transactions
During the quarter ended 31 December 2008 no shares were issued and no shares were repurchased by the company for cancellation.
By 6 April 2009 all shareholders will have held their shares for the 3 years required at the time of allotment in order to secure VCT tax relief on subscription for shares. The board's focus in the period up to 6 April 2009 will be on realising investments so that funds can be returned to shareholders as soon as practical in accordance with objectives set out in the company's propectuses.
Further Information
For further information, please contact Triple Point Investment Management LLP on 0207 201 8989.
Related Shares:
Travelusacc