Interim Management Statement

 

TIDMORT 
 
RNS Number : 9886O 
Ortus VCT PLC 
07 July 2010 
 

 
 
Ortus VCT PLC 
Interim Management Statement 
Quarter ended 31 May 2010 
 
 
1.         Net Asset Value 
 
The Net Asset Value was 41.71p at 31 May 2010 compared to 42.73p at 28 February 
2010. 
 
The NAV at 31 May 2010 reflects the valuation of unlisted investments at 28 
February 2010, as shown in the annual report, and the closing bid prices of 
quoted securities at 31 May 2010. The Board undertakes a full valuation review 
on a six monthly basis except where a significant development in an unlisted 
investment requires an earlier revaluation. 
 
2.         Investments Completed During the Quarter 
 
During the quarter ended 31 May 2010, GBP84,000 was invested in three companies, 
namely Countcar, Lawrence Recycling & Waste Management and TC Communications. 
 
 
3.         Disposals during the quarter 
During the quarter under review a realisation was made of the investment in 
Galapagos, realising a gain of GBP27,848.  A legacy investment, Law 2375, was 
struck off by Companies House during the quarter with no impact on NAV but 
resulting in net realised losses for the quarter of GBP972,152. 
 
 
4.         Update 
Since May 2010 an investment of GBP159,000 has been made in Venmar Limited, a 
company that provides condition monitoring services to the oil and gas industry. 
 
The Board is not aware of any other events or transactions that have taken place 
between 31 May 2010 and the date of publication of this statement 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 
 
7 July 2010 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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