ProVen Plnd Ex VCT Proven Planned Exit Vct Plc : Interim Management Statement
11 Décembre 2015 - 11:56AM
UK Regulatory
TIDMPPE
ProVen Planned Exit VCT plc
Interim Management Statement for the three months to 31 October 2015
ProVen Planned Exit VCT plc (the "Company") presents an interim
management statement for the three month period ended 31 October 2015.
The statement also includes relevant financial information between the
end of the period and the date of this announcement.
This interim management statement has been prepared solely to provide
additional information to the shareholders as a body, and should not be
relied on by any other party or for any other purpose.
Performance summary
Unaudited Unaudited
As at As at
31 Oct 2015 31 July 2015
Total net assets GBP2.15 m GBP3.53 m
Net asset value per Ordinary Share 44.6p 73.2p
Cumulative dividends per Ordinary Share since 57.0p 27.0p
launch
Total return per Ordinary Share* 101.6p 100.2p
Mid-market price per Ordinary Share 45.0p 73.5p
Net asset value per 'A' Share 0.1p 0.1p
Cumulative dividends per 'A' Share since launch - p - p
Total return per 'A' Share * 0.1p 0.1p
Mid-market price per 'A' Share 0.1p 0.1p
* Net Asset Value plus cumulative dividends since
launch
Dividends paid or declared in the period
An interim dividend of 30.0p per Ordinary Share was paid on 23 October
2015 to Shareholders on the register as at 9 October 2015. No dividend
was paid on the 'A' Shares.
Investment update
At 31 October 2015, the portfolio consisted of two unquoted investments
at a cost of GBP528,000 and a valuation of GBP533,000, as well as cash
of GBP1,637,000.
Investment portfolio summary as at 31 October 2015
Cost Valuation
GBP'000 GBP'000
Cogora Group Limited 500 500
Blis Media Limited 28 33
Total venture capital investments 528 533
Cash at bank and in hand 1,637 1,637
Total 2,165 2,170
All venture capital investments are unquoted.
Investment activity for the three month period ended 31 October 2015
On 9 October 2015 Donatantonio Group Limited was disposed of at its cost
of GBP550,000. Cross Solar PV Limited was sold on 30 October 2015 for
proceeds of GBP802,000.
Investment activity from 1 November 2015 to the date of this
announcement
There was no other investment activity during the period from 1 November
2015 to the date of this announcement.
Changes to share capital
There have been no changes to the share capital during the period from 1
August 2015 to 31 October 2015 or from 1 November 2015 to the date of
this announcement.
Material events
Other than the matters described above, there were no material events
during the period from 1 August 2015 to 31 October 2015 or from 1
November 2015 to the date of this announcement.
Further information
Further information regarding the Company, can be found on Beringea's
dedicated VCT website: www.provenvcts.co.uk or by contacting Beringea,
the Investment Manager at provenvcts@beringea.co.uk or by telephone 020
7845 7820.
Beringea LLP
Company Secretary
Telephone 020 7845 7820
-End
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: ProVen Planned Exit VCT plc via Globenewswire
HUG#1972721
(END) Dow Jones Newswires
December 11, 2015 05:56 ET (10:56 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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