Net Asset Value(s)
08 Novembre 2006 - 4:08PM
UK Regulatory
RNS Number:7690L
Aberdeen Growth Opps VCT PLC
08 November 2006
ABERDEEN GROWTH OPPORTUNITIES VCT PLC
Portfolio Update
The Directors are pleased to announce that, following recent gains made on the
realisations of investments in Travel Class, Vibration Technology and Bond
Aviation Solutions, Aberdeen Growth Opportunities VCT has now made a significant
gain on the sale of its investment in Styles & Wood Holdings.
On 13 October 2006, the Company sold its investment in Vibration Technology for
proceeds of #339,196, an increase of #189,194 on the Company's previous
valuation and cost of the investment. On 17 October 2006, the Company sold its
investment in Bond Aviation Solutions Limited for proceeds of #507,359, an
increase of #87,362 on the Company's previous valuation of the investment,
representing a gain of #207,359 on the cost of investment.
On 7 November 2006, Styles & Wood Holdings PLC listed on the London Stock
Exchange. As part of the flotation process, the Company realised its investment
in Styles & Wood Holdings Limited for proceeds of #801,809, which represent an
increase of #601,809 over the Company's previous valuation of the investment,
and over the cost of the investment.
As these investments were made before the C Ordinary share issue, they were made
only on behalf of the Ordinary share portfolio. The Net Asset Value per C
Ordinary share as at 31 October 2006 was 95.2p compared to 95.3p at 31 May 2006.
In isolation, the increases over previous valuations made on the sales of Bond
Aviation Solutions, Vibration Technology and Styles & Wood indicate an increase
of 9.0p per share in the Net Asset Value of the Ordinary shares. When taken
together with other less significant movements in the valuation of the rest of
the portfolio, the effect is to increase the Net Asset Value from 96.1p per
Ordinary share as at 31 May 2006 to 104.2p per Ordinary share as at 31 October
2006. Since the valuation at 31 May 2006 the Net Asset Value per Ordinary share
has therefore increased by 8.4%.
Issued on behalf of the Board
Aberdeen Asset Management PLC, Secretary
8 November 2006
This information is provided by RNS
The company news service from the London Stock Exchange
END
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