Interim Management Statement


 

TIDMPMV 
 
RNS Number : 3585E 
PUMA VCT II plc 
18 December 2009 
 

Puma VCT II plc (the "Company") 
 
 
18 December 2009 
 
 
Interim Management Statement 
 
 
For the period from 1 September 2009 to 30 November 2009 
 
 
PERFORMANCE 
 
 
+---------------------+---------------+----------------+ 
|                     | Basic         | Diluted        | 
+---------------------+---------------+----------------+ 
| Net asset value per | 100.48 pence  |                | 
| share               |               | 99.36 pence    | 
+---------------------+---------------+----------------+ 
|                     |               |                | 
+---------------------+---------------+----------------+ 
 
 
 
DIVIDENDS 
 
 
In the period between 1 September 2009 and the date of publication of this 
Interim Management Statement the Company has paid a dividend of 2.75 pence per 
Ordinary Share. 
 
 
NEW INVESTMENTS 
 
 
The Company has not made any new qualifying investments in the period. 
 
 
MATERIAL EVENTS 
 
 
In the period the Company has realised one qualifying investment totalling 
GBP1,459,000 and two non qualifying investments totalling GBP309,000. 
 
 
SHARE CAPITAL 
 
 
The Company has not issued or bought back any shares during the period. 
 
 
REALISATIONS, END OF VCT LIFE AND DISTRIBUTIONS 
 
 
The Board wishes to update shareholders on the progress of the Fund since the 
issue of its interim report on 30th October 2009. We are pleased to announce 
that we have entirely realised our holding in Cadbury House Limited and achieved 
significant progress in the realisation of other major unquoted holdings within 
the qualifying portfolio. We hope to finalise these realisations in January 
2010. 
 
 
If these realisations go according to our expectations, the Fund should be in a 
position to pay a large distribution of realised capital and profit early in 
2010, in one or several payments. Our target is to pay at that point at least 
enough to return to our shareholders the balance of their original investment, 
taking into account the 40% tax relief and dividends already received. 
 
 
The Board intends to realise and distribute the balance of the portfolio in an 
orderly manner during 2010. As previously announced, the process of formal 
winding up cannot begin until 1st June 2010, 5 years on from the closing of the 
two VCTs' flotations. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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