Interim Management Statement

 

TIDMAQT2 TIDMAQ2C 
 
RNS Number : 9859O 
Acuity Growth VCT PLC 
07 July 2010 
 

                      Acuity Growth VCT Plc ("the Company") 
                          Interim Management Statement 
                       For the quarter ended 30 June 2010 
 
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK 
Listing Authority, Acuity Growth VCT Plc presents an Interim Management 
Statement for the quarter ended 30 June 2010. The statement also includes 
relevant financial information between the end of the period and the date of 
this statement. 
 
Unaudited Net Asset Value Per Share as at 30 June 2010 
 
The unaudited net asset value at 30 June 2010 was 87.2p per ordinary share and 
85.0 per C share by comparison with 88.6p per ordinary share and 90.7p per C 
share as at 31 March 2010, a decrease of 1.6% and 6.3% respectively. By 
comparison, the FTSE All-Share Index and the FTSE AIM All-Share Index decreased 
by 12.6% and 5.8% respectively. In accordance with the company's valuation 
policy the change in the net asset value in the period only reflects purchases, 
sales and price changes in quoted investments and no revaluation of the unquoted 
portfolio was undertaken. 
 
Net Asset Value and Dividends Paid 
 
+-------------------------------------------------------------------------------------------------------------------+-------------+------------+-------------+ 
|                                                                                                                                 |            |             | 
+---------------------------------------------------------------------------------------------------------------------------------+------------+-------------+ 
|                                                                       At 30 June 2010            At 31 March 2010 |             |                          | 
| Net assets attributable to ordinary shareholders(GBP,000)                      47,372                      47,898 |             |                          | 
| Net assets attributable to C shareholders(GBP,000)                                661                         706 |             |                          | 
| Net asset value per ordinary share                                              87.2p                       88.6p |             |                          | 
| Net asset value per C share                                                     85.0p                       90.7p |             |                          | 
| Cumulative dividends paid per ordinary share                                     4.5p                        4.5p |             |                          | 
|    Cumulative dividends per C share                                               -                             - |             |                          | 
| Net asset value plus dividends paid per ordinary share                          91.7p                       93.1p |             |                          | 
| Net asset value plus dividends paid per C share                                 85.0p                       90.7p |             |                          | 
|                                                                                                                   |             |                          | 
+-------------------------------------------------------------------------------------------------------------------+-------------+--------------------------+ 
|                                                                                                                                 |            |             | 
+---------------------------------------------------------------------------------------------------------------------------------+------------+-------------+ 
|                                                                                                                   |             |            |             | 
+-------------------------------------------------------------------------------------------------------------------+-------------+------------+-------------+ 
 
Investments and Realisations 
 
The Company made no investments in the three months to 30 June 2010. 
 
During the three months to 30 June 2010, the Company received proceeds of GBP0.3 
million from the sale of its holding in Electra Private Equity. 
 
Since the quarter end to the date of publication of this statement the Company 
has made no further investments. 
 
Share Buybacks 
 
During the three months to 30 June 2010 the Company has not acquired any shares 
for cancellation. As previously indicated to shareholders, the Board intends to 
reinstate the Share Buyback Programme as and when conditions allow. 
 
The number of ordinary shares in issue was 54,351,682 and the number of C shares 
in issue was 777,589 as at 7 July 2010. 
 
 
Ends 
 
For information please contact: 
 
Nick Ross, Director 
Acuity Growth VCT Plc 
020 7306 3901 
 
This statement aims to give an indication of material events and transactions 
that have taken place during the period from 1 April 2010 to the date of 
publication of this statement and their impact of the financial position of 
Acuity Growth VCT Plc. These indications reflect the Board's current view. They 
are subject to a number of risks and uncertainties and could change. Factors 
which could cause or contribute to such difficulties include, but are not 
limited to, general economic and market conditions and specific factors 
affecting the financial prospects or performance of individual investments 
within the Company's portfolio. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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