RNS Number : 3335K
  Limelight VCT plc
  19 December 2008
   

    For Immediate Release                                                                                            19 December 2008

    Limelight VCT plc
    (Limelight VCT or the Company)

    Interim Management Statement


    1 October 2008 to 19 December 2008


    Limelight VCT plc is pleased to present the Interim Management Statement for the period 1 October 2008 to 19 December 2008 as required
by Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority.
    During the period the company has made 2 further qualifying film company investments. These were detailed as post balance sheet events
in the interim financial statements and are as follows:
    *     In October �242,000 equity and �430,000 debt finance have been provided to Skellig Productions Ltd which is producing a film
adaptation of the best selling children's book by David Almond, Skellig, starring Tim Roth (Incredible Hulk/Youth Without Youth), John Simm
(Life on Mars/Doctor Who) and Kelly Macdonald (No Country for Old Men/Trainspotting).

    *     In November �75,000 equity and �575,000 debt finance have been provided to From Time to Time Ltd which is producing the film From
Time to Time based on the novel "The Chimneys of Green Knowe" by Lucy M. Boston. The film stars Dame Maggie Smith and is directed and
adapted by Julian Fellowes (Gosford Park)

    This takes our total number of qualifying film company investments to 12, with a combined value of �4,079m. This represents 80% of our
total investments and means that we have now exceeded the investment target of 70% qualifying investments which we needed to achieve by
March 2009 in order to comply with VCT requirements.

    Existing investments are performing in line with expectations. All the films have successfully completed shooting on time and on budget
and are at various stages of post production and delivery. One film (Adulthood) has been successfully released in cinemas and is currently
on sale on DVD. International sales of the films are also underway with almost all the investee companies now actively marketing their films
at international markets. 

    The worldwide economic downturn has resulted in some difficulties for distributors and the international sales market is currently
rather cautious. International sales were disappointing at the AFM market in November. However cinema attendance remains strong and exchange
rate movements have resulted in increased revenue from sales agreed in dollars.

    The net asset value of the company has risen slightly to 94.09p per share as at the end of November. (September 2008: 93.65p)

    Enquiries
    Beaumont Cornish Limited
    Roland Cornish                020 7628 3396

    Limelight VCT plc 
    Michael Henry                 020 7478 9144

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