11th Nov 2008 09:46
Neptune Calculus Income and Growth VCT plc - Interim Management Statement
Neptune Calculus Income and Growth VCT plc (the company)
INTERIM MANAGEMENT STATEMENT
For the quarter ended 30 September 2008
In accordance with rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Neptune Calculus Income and Growth VCT plc presents an Interim Management Statement for the quarter ended 30 September 2008. The statement also includes relevant financial information between the end of the period and the date of this statement.
NET ASSET VALUE AND TOTAL RETURN PER SHARE
|
At 30 September 2008 |
At 30 June 2008 |
|||
|
Ordinary Shares |
C Shares |
Ordinary Shares |
C Shares |
|
|
Net assets attributable to shareholders |
£3,531,000 |
£7,080,000 |
£3,979,000 |
£7,905,000 |
|
Shares in issue |
4,100,806 |
8,776,764 |
4,100,806 |
8,776,764 |
|
Net asset value per Ordinary Share |
86.11 pence |
80.67 pence |
97.03 pence |
90.07 pence |
|
Cumulative dividends paid and proposed |
7.00 pence |
3.00 pence |
7.00 pence |
3.00 pence |
NEW INVESTMENTS
In July, the company invested £300,000 into Optare plc (formerly Darwen Holdings plc) on behalf of the C Share Fund. The company specialises in the design, manufacture and supply of single and double deck buses, coaches and smaller vehicles.
DIVESTMENTS
In August, the company sold its portfolio of primarily FTSE 100 and 250 quoted stocks which mirror the Neptune Income Fund and the Neptune Quarterly Fund on behalf of the C Share Fund. The company retains its direct holdings in the Neptune Income Fund and the Neptune Quarterly Income Fund.
DIVIDENDS A dividend of 1 pence per Ordinary Share and per C Share was paid on 20 October 2008 to shareholders on the record as at 26 September 2008.
SHARE BUY-BACKS
During the quarter ended 30 September 2008 the company did not buy back any shares.
PERCENTAGE INVESTED IN VCT QUALIFYING INVESTMENTS
As of 30 September, the percentage invested in VCT qualifying investment (as calculated under HM Revenue and Customs rules) was 67.59%. The company is required to be at least 70% invested by 31 December 2008.
MATERIAL EVENTS
Other than described above, the Board is not aware of any significant event or transaction which has occurred between 30 September 2008 and the date of publication of this Interim Management Statement which would have a material impact on the financial position of the Company.
For further information please contact:
John Glencross for Neptune Calculus Income and Growth VCT plc: 020 7493 4940
Related Shares:
Neptune-Calculus Income & Growth