17th Aug 2007 15:41
Triple Point VCT PLC17 August 2007 Triple Point VCT Plc Interim Management Statement for the Quarter Ended 30 June 2007 Triple Point VCT plc has pleasure in presenting its interim management statementfor the quarter ended 30 June 2007. This constitutes the company's firstinterim management statement for the financial year ending 31 March 2008, asrequired by the UK Listing Authority's Disclosure and Transparency Rule 4.3. Net assets at 30 June 2007 comprised:- Unaudited 30 June Audited 31 March 2007 2007 £'000 % £'000 %Fixed assetinvestments at fairvalue 12,444 40.3 7,784 25.5Net current assets 18,466 59.7 22,789 74.5Net assets 30,910 100 30,573 100 Net asset valueper ordinary share 96.6p 95.5p The existing C class of ordinary shares were converted into ordinary shareseffective 31 March 2007 so that there is now a single class of ordinary sharesin issue which at 30 June 2007 comprised 31,990,482 shares. During the quarterended 30 June 2007 no shares were issued and no shares were repurchased by thecompany for cancellation. Investment Activity A further £4.7m of qualifying investments were made during the quarter so thatthe company is progressing towards its objective of being 70% invested in VCTqualifying holdings. Additions during the quarter were as follows: £'000 Activity Follow On Investments: Beam Carrier Trading Ltd 950 Provision of satellite capacity Broadsword Satellite Communications Ltd 1,000 Provision of satellite capacity High Definition Broadcast Services Ltd 875 Provision of satellite capacity Satellite Broadband Access Solutions Ltd 885 Provision of satellite capacity 3,710 New investment: Cranmer Lawrence Engineering Solutions Ltd 950 Ambulance refurbishment 4,660 Material Events and Transactions Other than the investment activity described above and a further follow oninvestment of £580,000 made after the quarter end, the company's board isunaware of any significant event or transaction which has occurred between 1April 2007 and the date of publication of this statement which would have amaterial impact on the company's financial position. Further information For further information please contact Triple Point Investment Management LLP on0207 404 7403. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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