SVC2 Spark Vct 2

 
TIDMSVC2 
 
SPARK VCT 2 plc ('the Company') 
 
Interim Management Statement 
 
This Interim Management Statement for the quarter ended 30 September 2009 is 
unaudited and is provided in accordance with Rule 4.3 of the UK Listing 
Authority's Disclosure and Transparency Rules. The statement also includes 
relevant information from the period from 1 October 2009 to the date of issue. 
The Statement has been prepared solely to provide information in order to meet 
the relevant requirements of the Disclosure and Transparency Rules, and should 
not be relied on by shareholders, or any other party, for any other purpose. 
 
Net Asset Value ("NAV") 
 
The NAV as at 30 September 2009 was 32.1p per share compared with a NAV of 
33.5p per share as at 30 June 2009. The decline in the NAV of 1.4p per share in 
the quarter (4.2%) is a reflection mainly of a downward revaluation in the 
unquoted venture capital portfolio, partly offset by a net appreciation in 
value of the quoted venture capital investments. 
 
During the quarter the Company invested a total of GBP310,000 in follow-on 
investments in existing portfolio companies: GBP11,000 in Academia Networks 
Limited as a bridging loan ahead of a new third-party funding round expected to 
close at a significantly improved valuation, GBP22,000 in Celona Technologies 
Limited as part of a bridging loan ahead of a new third-party funding round, GBP 
142,000 in Oxford Immunotec Limited as the first tranche of the Company's share 
of an additional financing, GBP43,000 in Sift Group Limited as part of a GBP500,000 
rights issue and GBP91,000 in Vivacta Limited as part of a GBP2.8 million 
additional financing round provided by the existing syndicate. 
 
The Company received GBP466,000 from the release of amounts held in escrow 
following the sale in January 2008 of Nomad Payments Limited. 
 
Share Capital 
 
The number of ordinary shares in issue at 30 September 2009 was 77,934,550. 
During the quarter ended 30 September 2009, 55,983 shares were bought back for 
cancellation. 
 
Other than described above, the Board is not aware of any events during the 
period from 1 October 2009 to the date of this statement which would have had a 
material impact on the financial position of the Company. 
 
Issued on behalf of the Board 
 
Nghi Tran 
 
Company Secretary 
 
19 November 2009 
 
 
 
END 
 

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