Interim Management Statement (4677V)

TIDMORT

RNS Number : 4677V

Ortus VCT PLC

12 January 2012

Interim Management Statement

Quarter ended 30 November 2011

   1.         Net Asset Value 

The net asset value (NAV) was 40.6p at 30 November 2011 compared to 40.7p at 31 August 2011.

The NAV at 30 November 2011 reflects the valuation of unlisted investments at 31 August 2011, as shown in the interim report, and the closing bid price of quoted securities at 30 November 2011. 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 30 November 2011, GBP283,000 was invested in five companies, namely ATR Holdings, LCL Hose, Lemac No.1 (trading as John McGavigan), Maven Co-invest Exodus Limited Partnership (trading as 6(o) , and Nessco Group Holdings.

   3.         Disposals during the quarter 

During the quarter under review realisations totalled GBP38,678 in respect of Walker Technical and Angle, resulting in a gain of GBP37,378 over the cost of investments.

   4.         Update 

Since 30 November 2011, an investment of GBP150,000 has been made in Moriond.

A further payment of GBP364,000 was received in December 2011 in respect of the sale of LG & DE earlier in the year.

The Board is not aware of any other events or transactions that have taken place between 30 November 2011 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

12 January 2012

This information is provided by RNS

The company news service from the London Stock Exchange

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