Trading Update

 

TIDMAQT2 TIDMAQ2C 
 
RNS Number : 9533U 
Acuity Growth VCT PLC 
25 October 2010 
 

 Acuity Growth VCT Plc ("the Company") 
 25th October 2010 
Trading Update 
As part of its preparation of the Annual Report and Accounts for the period to 
30th September 2010, the Company has commenced the review of the valuations of 
the unquoted companies contained in its investment portfolio. The valuation 
process is extensive and comprises preparation by the Investment Manager and a 
review by the independent members of the Investment Committee before, as part of 
the audit process, being reviewed by the Company's auditors, KPMG, and finally 
reviewed and approved by the Directors. This process will not be finalised until 
the board meeting scheduled to take place in mid December 2010. An initial 
review of the portfolio has indicated that whilst the majority of investee 
companies has performed satisfactorily, as a result of the impact of trading 
conditions on the valuations of 4 unquoted portfolio companies, the Board 
expects the NAV per Ordinary Share as at 30th September to be materially lower 
than the last published NAV of  87.2p as at 30th June 2010. 
While the Board has welcomed the recent successful realisation of Amber Taverns 
Limited, one of the Company's largest holdings, at an uplift of 2.9x on cost and 
which provides a significant liquidity event for the Company, the Board is 
currently reviewing various options for the Company and will make a further 
statement in due course. 
 
Enquiries: 
Acuity Capital Management Limited 
020 706 3901 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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