Interim Management Statement

    RNS Number : 6430H
  Core VCT I PLC
  06 November 2008
   

    Core VCT I plc (the 'Company')
Interim Management Statement
For the quarter ended 30 September 2008
    
 
    To the members of Core VCT I plc
    This interim management statement has been produced solely to provide additional information to shareholders as a body to meet the
relevant requirements of the UK Listing Authority's Disclosure and Transparency Rules. It should not be relied upon by any other party or
for any other purpose.

    This interim management statement relates to the period from 1 July 2008 to 30 September 2008, and contains information that covers this
period, and up to the date of publication of this interim management statement, unless otherwise specified.

    PERFORMANCE - 30 September 2008
    
                                      At 30 Sep 2008                                     At 30 June 2008
                                 Ordinary    B Shares                                Ordinary     B Shares
                                   Shares        Shares                                  Shares
                
    Net asset value per       90.93p      1.00p                                        91.65p      1.00p
share 
      
    Cumulative dividends      7.10p           -                                              7.10p      -
paid to date per share  
      
    Total return since          98.03p      1.00p                                        98.75p      1.00p
inception per share*  
      
    Share price                       75p      3.00p                                        79.50p      4.00p
    
 
    *NAV plus cumulative dividends paid to date
    
 
    DIVIDENDS
    No dividends were paid during the period. 


    NEW INVESTMENTS
    A further investment of £100,000 was made in Ma Hubbards, one of the
Company's existing investments.

    SHARE CAPITAL
    The Company has not issued or bought back any shares during the period.
    
 
    FURTHER RETURN OF FUNDS
    From its inception, the Company has been structured to build a diverse portfolio of investments, to realise this portfolio and return
both realised gains and capital to investors as swiftly as possible through tax free
distributions.
    With the initial investment period of 3 years now completed, the Directors intend in due course to commence distribution of the Cash
Assets, subject to the maintenance of adequate working capital and the retention of an appropriate fund to permit subsequent funding rounds
in existing investments. As referred to in the interim report it is the Boards intention to continue to return the proportion of the Fund
that the Managers do not intend to invest into unquoted private equity investments.
    In common with all Venture Capital Trusts, there is little if any available liquidity in trading in the Company's shares, and although
the Directors are able to buy back shares within certain constraints, this is intended for use only in exceptional circumstances.
Accordingly, those investors who seek to realise value by selling their shares in the secondary market are likely to suffer a significant
discount and potential loss of value. We would strongly suggest that shareholders consider holding their shares with a view to
benefiting from future realisations.

Other than as set out above, the Board is not aware of any significant events or transactions which have occurred between 30 September 2008
and the date of publication of this interim management statement which would have a material impact on the financial position of the
Company. 

    For further information, please contact:
Graeme McDonald, for Aberdeen Asset Management plc, Company Secretary on 0141 306 7121

This information is provided by RNS
The company news service from the London Stock Exchange
 
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