AVC Abdn.Dev.Cap.

 

TIDMAVC 
 
RNS Number : 7392L 
Aberdeen Development Capital PLC 
12 May 2010 
 

Aberdeen Development Capital PLC 
Portfolio Update 
12 May 2010 
 
The board of Aberdeen Development Capital PLC ("the Company") is pleased to 
advise shareholders of the disposal of two portfolio holdings, Homelux Nenplas 
Limited and Oliver Kay Holdings Limited. 
 
Both disposals have been made to a consortium of existing shareholders. The 
holding in Homelux Nenplas has generated proceeds of GBP560,000 compared with 
cost and a previous carrying value of GBP316,000 whilst the disposal of Oliver 
Kay Holdings has generated proceeds of GBP550,000 compared with cost and a 
previous carrying value of GBP497,000. The respective IRRs of the investments 
over their lifetime were 23.5% and 13.8%. The gain arising from these 
realisations will be reflected in the year end net asset value at 31 May 2010, 
which will also include any revaluations to the unlisted investment portfolio, 
in line with normal practice. 
 
Added to the cash received in respect of a repayment of VAT paid on management 
fees and the receipt of monies arising from the disposal of Norson Holdings 
Limited in April, the Company is in a position to make a further return of 
capital to holders of ZDP shares in ADC Zeros 2010 PLC and ADC Zeros 2012 PLC. 
Details of the proposed capital return to Shareholders will be announced 
separately. 
 
Enquiries 
+--------------------+----------------------------+--------------+ 
| Hugh Little/Derek  | Aberdeen Asset Management  | 01224 631999 | 
| Gault              | PLC                        |              | 
+--------------------+----------------------------+--------------+ 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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