14th Jan 2011 16:42
TP70 VCT plc
13 January 2011
Interim Management Statement for the quarter ended 30 November 2010
TP70 VCT plc has pleasure in submitting its Interim Management Statement for the period ended 30 November 2010. This constitutes the Company's second Interim Management Statement for the financial year ending 28 February 2011, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
Net assets at 30 November 2010 comprised:
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Investment Activity The Company's GAM Diversity exposure is held through a note executed with Julius Baer, which with leverage, means that approximately 40% of the Company's NAV is exposed to the performance of GAM Diversity Inc. During the quarter to 30 November 2010, the value of the exposure increased from the low point recorded in the half yearly report to 31 August, 2010.
The Company continues to satisfy the test of being 70% invested in qualifying holdings and as at 30 November 2010 VCT qualifying holdings represented 81.9% of net assets by value.
Material Events and Transactions During the period no shares were issued and no shares were purchased by the Company for cancellation.
Further Information For further information, please contact Claire Ainsworth or Chris Tottle at Triple Point Investment Management LLP on 0207 201 8989.
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