|
For Immediate Release
4 November 2011
HYGEA VCT PLC
INTERIM MANAGEMENT STATEMENT
Hygea vct plc ('the Company') presents its interim management statement for
period from 1 July 2011 to 4 November 2011. This constitutes the Company's
second interim management statement for the financial year ending 31 December
2011, as required by the UK Listing Authority's Disclosure and Transparency Rule
4.3. This statement has been prepared solely to provide additional information
in order to meet the requirements of the Disclosure and Transparency Rules and
should not be relied on by shareholders, or any other party, for any other
purpose.
The unaudited net asset value per ordinary share and the number of shares in
issue at 30 September 2011 were 70.5p and 8,115,376 respectively (30 June
2011: 68.3p and 8,115,376 respectively). There were no shares held in Treasury
at either date.
No shares have been issued or repurchased during the period.
At 30 September 2011, the Company's assets included its portfolio of unlisted
assets along with £367,554 in cash and £1,621,305 in AIM traded shares valued at
bid price.
During the three months ended 30 September 2011, the Company made a further
investment of £34,000 into Freehand 2010 Limited ('Freehand'). A further £51,000
has been invested in Freehand since 30 September 2011.
The increase in net asset value during the period arose primarily from further
receipts from the DxS earnout amounting to £645,380, of which £300,000 was
recognised in the last audited accounts. This was, however, offset by a
reduction in the bid prices of the AIM quoted portfolio. There were no other
changes to the valuation of the unquoted portfolio.
The Directors are not aware of any other events which have taken place between
30 September 2011 and the date of publication of this statement, which have had
a material effect on the financial position of the Company.
Enquiries:
James Otter, Hygea vct plc -james.otter@ellipson.co.uk
Charles Breese, Hygea vct plc on 01280 703482 orlarpentnewton@btinternet.com
Roland Cornish, Beaumont Cornish Limited on 020 7628 3396
website: www.hygeavct.com
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Hygea VCT plc via Thomson Reuters ONE
[HUG#1561067]
More
|
