Interim Management Statement

 

TIDMCR5 
 
RNS Number : 3314M 
Core VCT V PLC 
21 May 2010 
 

Core VCT V plc 
 
Interim Management Statement 
For the quarter ended 31 March 2010 
 
To the members of Core VCT V 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 January 2010 to 
31 March 2010 and up to the date of publication of this interim management 
statement unless otherwise specified. 
 
1          Net Asset Value 
 
The net asset value (NAV) per Ordinary share was 81.88p at 31 March 2010 (82.51p 
at 31 December 2009). 
 
The NAV shown above is unaudited and reflects the closing bid prices of quoted 
securities at 31 March 2010. Unlisted companies are normally valued on a 
six-monthly basis and the NAVs include the Directors' valuation of unlisted 
companies at 31 December 2009 adjusted for any material developments within the 
portfolio since that date. 
 
2          Investments and disposals 
 
Significant investments having been made in the last quarter of 2009, no further 
investments were made during the quarter ended 31 March 2010. During the same 
period, disposals totalling GBP141,541 were made, realising net gains of 
GBP3,605. 
3          Share Capital 
 
The Company has not issued or bought back any shares during the period under 
review. 
 
4          Outlook 
 
The Manager continues to exercise caution in its choice of new investments and 
aims to utilise the Company's strong liquidity to acquire additional investments 
as acquisition terms become more attractive. 
 
As is common in Venture Capital Trusts, there is little if any liquidity in the 
Company's shares and, although the Company is able to buy back shares within 
certain constraints, this is intended for use only in exceptional circumstances. 
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. Shareholders might therefore consider holding their shares with a view 
to benefiting from future realisations. 
 
The Board is not aware of any other events or transactions that have taken place 
between 31 March 2010 and the date of publication of this statement and 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 
 
21 May 2010 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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