Ortus VCT PLC Interim Management Statement (4544H)
11 Juli 2012 - 3:19PM
UK Regulatory
TIDMORT
RNS Number : 4544H
Ortus VCT PLC
11 July 2012
Interim Management Statement
Quarter ended 31 May 2012
1. Net Asset Value
The net asset value (NAV) was 38.6p at 31 May 2012 compared to
38.7p at 29 February 2012.
The NAV at 31 May 2012 reflects the valuation of unlisted
investments at 29 February 2012, as shown in the annual report, and
the closing bid price of quoted securities at 31 May 2012. The
Board undertakes a full valuation review on a six monthly basis
except where a significant development in an unlisted investment
requires an earlier revaluation.
2. Investments Completed During the Quarter
During the quarter ended 31 May 2012, GBP450,000 was invested in
management buy-outs and follow-on investments in 4 companies,
namely Vodat, Cat Tech, Networks by Wireless and Nessco.
3. Disposals during the quarter
During the quarter under review realisations totalled GBP174,592
in respect of investments in ATR Holdings, Walker Technical, Space
Student Living and Deltex.
4. Update
Since 31 May 2012, investments totalling GBP115,000 have been
made in Glacier Energy Services Group and in a refinancing of
Venmar Limited (trading as XPD8 Solutions).
After the end of the quarter under review, investments in
Ashford Colour Press, Deltex Medical Group were realised for
proceeds of GBP273,136. The investment in Nessco was realised for
proceeds of GBP1.075 million compared with a carrying valuation of
GBP950,825.
The Board is not aware of any other events or transactions that
have taken place between 31 May 2012 and the date of publication of
this statement which would have had a material impact on the
financial position of the Company.
Issued on behalf of the Board
Maven Capital Partners UK LLP, Secretary
11 July 2012
This information is provided by RNS
The company news service from the London Stock Exchange
END
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