RNS Number : 3110U
  Crown Place VCT PLC
  13 May 2008
   

    Interim Management Statement

    Introduction
    I present herewith your Company's interim management statement for the period from 1 January to 13 May 2008.

    Performance and dividends
    The Company's approximate unaudited net asset value (NAV) as at 31 March 2008 was £32.4 million or 43.5 pence per share (excluding
treasury shares). This is before accounting for the second dividend for the year to 30 June 2008 of 1.25 pence per share (0.25 pence to be
paid out of revenue profits and 1.0 pence out of realised capital gains), paid on 25 April 2008 to shareholders on the register on 28 March
2008. The net asset value has remained broadly unchanged compared to the net asset value at 31 December 2007 of £32.8 million or 43.6 pence
per share.

    On 12 May 2008, the Board declared the first dividend for the year ending 30 June 2009 of 1.25 pence per share (0.9 pence to be paid out
of revenue profits and 0.35 pence out of realised capital gains), subject to H.M. Revenue & Customs approval.  The record date and payment
date for this dividend will be announced on the London Stock Exchange. This is not included in the results to 31 March 2008 reported above.

    Share buybacks
    During the period from 1 January 2008 to 13 May 2008, the Company purchased 1,091,258 shares at an average price of 38.4 pence, for
cancellation. Buy-backs of Ordinary shares during the period were transacted through Winterflood Securities Limited, a subsidiary of Close
Brothers Group plc, the ultimate parent company of the Manager. 

    Portfolio
    The following investments have been made during the period from 1 January 2008 to 13 May 2008:

 Name                            £000's
 Opta Sports Data Limited (new   150     Leading compiler of sports performance
 investment)                             data
 Rostima Limited (follow-on      49      Software company providing enterprise
 investment)                             workforce management solutions
 Blackbay Limited (follow-on     41      Mobile data solutions for the logistics
 investment)                             and field service sectors 
 Since 31 March 2008
 Sky Hotel Heathrow Limited      400     Owner and operator of The Stanwell Hotel 
 (follow-on investment)
 The Crown Hotel Harrogate       192     Owner and operator of The Crown Hotel,
 Limited (follow-on investment)          Harrogate 


    Disposals
    During the 3 month period to 31 March 2008, the holding in TLC (Tender Loving Childcare) Limited was sold. Total proceeds amounted to
£1.69 million against a cost of £1.58 million. There were no disposals in the period from 1 April to 13 May 2008.

    Top ten holdings (as at 31 March 2008)

                    Investee Company                      Carrying/fair value
                                                                £000's
 Nationwide Floating Rate Note: maturity date 07/07/2009         2,694
            The Crown Hotel Harrogate Limited                    2,284
             Kensington Health Clubs Limited                     1,773
            ELE Advanced Technologies Limited                    1,172
            Kew Green VCT (Stansted) Limited                     1,115
               House of Dorchester Limited                       1,027
               Sky Hotel Heathrow Limited                        1,008
               PSCA International Limited                         850
               Chichester Holdings Limited                        747
         Charnwood Pub Company (Hotels) Limited                   731

    Information regarding historic and current financial performance and other useful shareholder information can be found on the Fund's
website under www.closeventures.co.uk /Our Funds/Crown Place VCT PLC.


    Patrick Crosthwaite, Chairman
    13 May 2008


    For further information please contact:

    Patrick Reeve, Close Ventures Limited - tel: 020 7422 7830 

This information is provided by RNS
The company news service from the London Stock Exchange
 
  END 
 
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