Interim Management Statement

 

TIDMAGV 
 
RNS Number : 9870D 
Aberdeen Growth VCT1 PLC 
11 December 2009 
 

Aberdeen Growth VCT I PLC (the Company) 
 
 
Interim Management Statement - Quarter ended 31 October 2009 
 
 
This Interim Management Statement, for the quarter ended 31 October 2009, is 
provided in accordance with Rule 4.3 of the Disclosure and Transparency Rules of 
the UK Listing Authority and also includes relevant information in respect of 
the period from 1 November 2009 to the date of issue. This Statement has been 
prepared solely to provide additional information in order to meet the relevant 
requirements of the UK Listing Authority's Disclosure and Transparency Rules and 
should not be relied on by Shareholders, or any other party, for any other 
purpose. 
 
1. Financial highlights 
 
· Net Asset Value (NAV)1 of 54.3p at 31 October 2009; compared to 52.7p at 
31 
 July 2009 and representing an increase of 3.0% over the period. 
 
· Interim dividend of 1p per share, in respect of the year ending 31 January 
2010, paid on 13 November 2009. 
 
1The NAV is unaudited and reflects the closing bid price of quoted securities at 
31 October 2009. Unlisted companies are normally valued on a six-monthly basis; 
the NAV incorporates the Directors' valuation of unlisted investments as at 31 
July 2009, adjusted for subsequent events where appropriate. 
 
2. Investments and disposals 
 
Three unlisted investments were completed during the quarter ended 31 October 
2009 at a total cost of GBP152,000. In the same period, the disposal of three 
unlisted holdingsand one AIM quoted investment generated aggregate proceeds of 
GBP1,086,000 against a cost of GBP899,000. In addition, following the 
striking-off of Dipford Group and Transrent Holdings by the Registrar of 
Companies, aggregate losses of GBP1,064,000 which had already been fully 
provided for were realised, with there being no resulting impact on the 
Company's Net Asset Value. 
 
3. Recent developments 
 
Between 31 October 2009 and the date of this statement, investments totalling 
GBP202,000 were made in one unlisted and two AIM quoted companies. 
 
During the same post quarter-end period, disposals of four unlisted and one AIM 
quoted investments generated aggregate proceeds of GBP818,000 against cost of 
GBP464,000. 
 
4. Change of Company Name 
 
At a General Meeting of the Company held on 9 December 2009, Shareholders 
approved a change in the name of the Company to Maven Income and Growth VCT 2 
PLC with this change to become effective once receipt of the Resolution has been 
confirmed by Companies House. 
 
 
Other than described above and the impact of movements related to the prices of 
shares in quoted securities, the Board is not aware of any material events 
during the period from 1 August 2009 to 31 October 2009, or in the period from 1 
November 2009 to the date of this announcement, which would have had a material 
impact on the financial position of the Company. 
 
 
Issued on behalf of the Board 
 
 
Maven Capital Partners UK LLP 
Secretary 
 
 
11 December 2009 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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