ORT Ortus Vct

TIDMORT

RNS Number : 9384V

Ortus VCT PLC

18 January 2013

Ortus VCT PLC

Interim Management Statement

Quarter ended 30 November 2012

   1.            Net Asset Value 

The net asset value (NAV) was 33.2p at 30 November 2012 compared to 33.4p at 31 August 2012.

The NAV at 30 November 2012 reflects the valuation of unlisted investments at 31 August 2012, as shown in the interim report adjusted for subsequent events where appropriate, and the closing bid price of quoted securities at 30 November 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 30 November 2012, GBP63,000 was invested in follow-on investments in two companies, namely Networks by Wireless and TC Communications.

   3.            Disposals During the Quarter 

During the quarter under review realisations totalled GBP110,544 in respect of investments in Attraction World, Moriond and Tosca Penta Investments.

   4.            Post-quarter End Update 

After the end of the quarter under review, investments totalling GBP621,610 were made in five companies.

Disposals after the quarter end totalled GBP2,661,746.

The Board announced to the London Stock Exchange on 30 October 2012 that it had entered merger discussions with Maven Income and Growth VCT 4 PLC to merge the two companies. A further announcement will be issued in due course.

The Board is not aware of any other events or transactions that have taken place between 30 November 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

18 January 2013

This information is provided by RNS

The company news service from the London Stock Exchange

END

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