Foresight Solar VCT PLC : Interim Management Statement <Origin Href="QuoteRef">FTSV.L</Origin>

Foresight Solar & Technology VCTAnnouncement

16/12/2015 15:30

Foresight Solar VCT plc 
 Interim Management Statement for the Quarter Ended 30 September 2015 
 
 Foresight Solar VCT plc presents its interim management statement for the
quarter ended 30 September 2015. This constitutes the company's first interim
management statement for the financial year ending 30 June 2016, as required
by the UK Listing Authority's Disclosure and Transparency Rule 4.3. 
 
 The unaudited net asset value (NAV) per ordinary share as at 30 September
2015 was 108.2p (30 June 2015: 109.9p). 
 
 The unaudited net asset value (NAV) per C share as at 30 September 2015 was
86.5p (30 June 2015: 91.7p). 
 
 In line with original expectations, an interim dividend of 3.0p per Ordinary
Share and 2.5p per C Share was paid to shareholders on 13 November 2015. 
 
 At 30 September 2015 there were 38,316,956 ordinary shares in issue. There
were no share movements during the three months ended 30 September 2015 on the
ordinary shares fund. 
 
 At 30 September 2015 there were 12,511,089 C shares in issue. There were no
share movements during the three months ended 30 September 2015 on the C
shares fund. 
 
 The net assets at 30 September 2015 comprised the following: 
 
  Ordinary Shares Fund                                                           £'000         % of Net Assets   
  Unquoted Investments at fair value as determined by the Directors              40,208         97.0%             
  Quoted investments at bid price                                                0              0%                
  Total venture capital investments                                              40,208         97.0%             
  Cash & liquid investments                                                      1,164          2.8%              
  Other net current assets                                                       80             0.2%              
  Net Assets                                                                     41,452         100.0             
  C Shares Fund                                                        £'000         % of Net Assets   
  Unquoted Investments at fair value as determined by the Directors    10,372         95.8%             
  Quoted investments at bid price                                      0              0%                
  Total venture capital investments                                    0              95.8%             
  Cash & liquid investments                                            81             0.8%              
  Other net current assets                                             367            3.4%              
  Net Assets                                                           10,820         100.0             
 During the three month period ended 30 September 2015 the C Shares fund
invested £950,000 into a US-based project. 
 
 For further information please contact: 
 Gary Fraser, Foresight
Group:                            020 3667 8100 
 

 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf
of NASDAQ OMX Corporate Solutions clients. 
 The issuer of this announcement warrants that they are solely responsible for
the content, accuracy and originality of the information contained therein. 
 Source: Foresight Solar VCT PLC via Globenewswire 
 HUG#1974217