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

Foresight Solar & Technology VCTAnnouncement

12/05/2015 13:10

Foresight Solar VCT plc
Interim Management Statement for the Quarter Ended 31 March 2015
Foresight Solar VCT plc presents its interim management statement for the quarter ended 31 March 2015. 
The unaudited net asset value (NAV) per Ordinary share as at 31 March 2015 was 107.5p (31 December 2014: 104.7p). 
The unaudited net asset value (NAV) per C share as at 31 March 2015 was 92.9p (31 December 2014: 95.0p). 
In line with original expectations, interim dividends of 3.0p per Ordinary Share and 2.5p per C Share were paid to shareholders on 10 April 2015.
At 31 March 2015, there were 38,331,956 Ordinary shares in issue. There were no share movements during the three months ended 31 March 2015 on the ordinary shares fund. 
At 31 March 2015 there were 12,511,089 C shares in issue. There were no share movements during the three months ended 31 March 2015 on the C Shares fund.
The net assets at 31 March 2015 comprised the following:
Ordinary Shares Fund
 '000 
  
 % of Net Assets 
 Unquoted Investments at fair value as determined by the Directors 
 

 40,981 
  
 

 99.5% 
 Quoted investments at bid price 
 0 
  
 0% 
 Total venture capital investments 
 40,981 
  
 99.5% 
 Cash & liquid investments 
 28 
  
 0.1% 
 Other net current assets 
 186 
  
 0.4% 
 

 Net Assets 
 

 41,195 
 

  
 

 100.0 

C Shares Fund
 '000 
  
 % of Net Assets 
 Unquoted Investments at fair value as determined by the Directors 
 

 9,793 
  
 

 84.2% 
 Quoted investments at bid price 
 0 
  
 0% 
 Total venture capital investments 
 9,793 
  
 84.2% 
 Cash & liquid investments 
 1,528 
  
 13.2% 
 Other net current assets 
 304 
  
 2.6% 
 

 Net Assets 
 

 11,625 
 

  
 

 100.0 
There were no purchases or sales in the period.
Shareholder Individual Roll-Over Option
As noted in the original prospectus, the Board undertook to write to Shareholders with respect to their individual roll-over option choices which was envisaged to be in June 2015, four years after the original offer closed in June 2011. 
As the original offer was eventually extended until November 2011, the Board will now write to Shareholders in advance of November 2015, four years after the actual final close of the offer and in line with their original intention.
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#1920954