Foresight 3 VCT PLC Foresight 3 Vct Plc : Interim Management Statement


 
TIDMFTD 
 
   Foresight 3 VCT plc 
 
   Interim Management Statement for the Quarter Ended 31 December 2013 
 
   Foresight 3 VCT plc presents its Interim Management Statement for the 
quarter ended 31 December 2013.  This constitutes the company's second 
Interim Management Statement for the financial year ending 31 March 
2014, as required by the UK Listing Authority's Disclosure and 
Transparency Rule 4.3. 
 
   The unaudited net asset value (NAV) per ordinary share as at 31 December 
2013 was 78.1p (30 September 2013: 77.0p). 
 
   At 31 December 2013 there were 51,776,401 Ordinary Shares in issue. 
During the three months ended 31 December 2013 there were 125,000 shares 
repurchased at a price of 52.20p per share. 
 
   The Company also purchased for cancellation 250,000 Ordinary Shares of 
1p at a gross price of 67.81p per share on 17 January 2014. Following 
these purchases and as at the date of this announcement there are 
51,526,401 Ordinary Shares of 1p in issue. 
 
   There were no shares issued. 
 
   The net assets at 31 December 2013 comprised the following: 
 
 
 
 
                                                      GBP'000  % of Net Assets 
Unquoted Investments at fair value as determined by 
 the Directors                                         33,965             84.0 
Quoted investments at bid price                           437              1.1 
Total venture capital investments                      34,402             85.1 
Cash & liquid investments                               4,420             10.9 
Other net current assets                                1,623              4.0 
Net Assets                                             40,445            100.0 
 
 
 
   Quoted investments are stated at bid price as at 31 December 2013. 
Unquoted investments are stated at fair value as at 31 December 2013 as 
determined by the Directors. 
 
   During the three months ended 31 December 2013 the following significant 
investment disposals took place: 
 
   Unquoted investment disposals: 
 
 
 
 
                                                                              Type of 
Name of                                                                       disposal        Original Cost  Proceeds 
Company         Business Activity                                             transaction        GBP'000      GBP'000 
Alaric Systems  Software for payments systems                                 Trade sale                646     3,171 
Meridian        Creating pre-operative plans from digital x-ray images 
 Technique       for orthopaedic surgeons                                     Loan repayment            151       151 
Flowrite 
 Refrigeration  Refrigeration and air conditioning service, maintenance 
 Holdings        and installation.                                            Loan repayment            128       128 
                Provided planetariums and immersive theatres with 
Global           projection equipment, design, installation and maintenance   Payment from 
 Immersion       services.                                                     administrator              2         2 
 
 
 
   Quoted investment disposal: 
 
 
 
 
                                                                         Type of 
Name of                                                                  disposal      Original Cost  Proceeds 
Company       Business Activity                                          transaction      GBP'000      GBP'000 
              Supplies software and software led services for authored 
               content (e.g. DVD, Blu-ray, iTunes media), to media       Sale of loan 
Zoo Digital    businesses and post-production firms.                      stock                  233       178 
                                                                         AIM market 
Probability   Operates a gambling service for mobile phone users          sale                   254       157 
 
 
 
   No new or follow on unquoted or quoted investments were made in the 
quarter. 
 
   For further information please contact: 
 
   Gary Fraser, Foresight Group:                        01732 471 800 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight 3 VCT PLC via Globenewswire 
 
   HUG#1763588 
 
 
  http://www.foresightgroup.eu/
Foresight 3 Vct (LSE:FTD)
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