RSB Rensburg Aim

TIDMRSB

RNS Number : 7233M

Rensburg AIM VCT Plc

18 July 2014

RENSBURG AIM VCT PLC

Interim Management Statement

Introduction

Rensburg Aim VCT plc ('the Company'), the venture capital trust that specialises in investing in companies whose shares are traded on the Alternative Investment Market of the London Stock Exchange ('AIM'), today announces its interim management statement in respect of the period from 1 March 2014 to 17 July 2014 ('the Period').

The unaudited net asset value ('NAV') per ordinary share as at 30 June 2014 was 49.70 pence per share (audited 28 February 2014 NAV: 48.52 pence per share). A final dividend of 2.50 pence per share will be paid to shareholders on 30 July 2014 who were on the register as at 4 July 2014 subject to shareholder approval at the Annual General Meeting to be held on 23 July 2014. NAV per share increased by 2.43% between 1 March 2014 and 30 June 2014 which compares favourably to our performance benchmarks with the Total Return FTSE AIM All-Share decreasing by 11.75% whilst the Total Return FTSE 100 index increased by 0.49%.

The Company has distributed a total of 58.25 pence per share since it was established (excluding the current proposed dividend).

Qualifying Investments

Whilst it has seen a reasonable number of potential AIM investment opportunities the Board has concern that some valuations are excessive and has not made any new investments during the period. The Company realised proceeds of GBP758,000 from qualifying investments resulting in a gain of GBP567,000 over historic cost.

Share capital and share buy-backs

The number of ordinary shares in issue at 17 July 2014 was 38,430,405 (28 February 2014: 38,680,405). No shares were issued and 250,000 shares were bought back for cancellation during the period for a consideration of GBP108,000.

Share price

On 17 July 2014 the Company's closing middle share price was 45.00 pence per share (28 February 2014: 43.63 pence). At 30 June 2014 the discount between the then closing middle share price of 46.50 pence and NAV per share was 6% (28 February 2014: 10%).

Significant Risks and Uncertainties

During the period there have been no material changes to Significant Risks and Uncertainties summarised in the Strategic Report within the 2014 Report and Financial Statements.

Information

Publicly available information, including our annual and half-yearly financial statements, latest NAV, share price and dividend history is available on our website at www.rensburgaimvct.co.uk.

Richard Battersby

Chairman

For further information please contact:

Barry Anysz

Director

0113 245 4488

This information is provided by RNS

The company news service from the London Stock Exchange

END

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