Maven Income & Growth VCT 4 PLC Interim Management Statement (8201Q)
09 Novembre 2012 - 6:01PM
UK Regulatory
TIDMMAV4 TIDMMAVS
RNS Number : 8201Q
Maven Income & Growth VCT 4 PLC
09 November 2012
Interim Management Statement
Maven Income and Growth VCT 4 PLC
Interim Management Statement
1. Net Asset Value
-- Ordinary share NAV Total Return of 121.97p per share and NAV of 97.42p at 30 September 2012.
-- S Ordinary share NAV Total Return of 120.67p per share and
NAV of 109.07p at 30 September 2012.
The NAVs shown above are unaudited and reflect the closing bid
prices of quoted securities at 30 September 2012. Unlisted
companies are normally valued on a six-monthly basis and the NAVs
include the Directors' valuations of unlisted investments as at 30
June 2012 adjusted for material developments within the portfolios
since that date.
2. Investments and disposals
During the quarter ended 30 September 2012, the Ordinary share
portfolio invested GBP191,000 in private equity investments. During
the same period, disposals generated aggregate gains on disposal of
GBP209,181 from investments with a cost of GBP287,213.
The S share portfolio invested GBP122,000 in private equity
investments during the same period, and aggregate gains on disposal
of GBP356,180 from investments with a cost of GBP299,496.
There were no other material transactions during the period
under review.
3. Potential merger
On 31 October 2012 the Board announced that the Company had
recently entered discussions with Ortus VCT to merge the two
companies. Any merger would be completed pursuant to a s.110 scheme
of reconstruction under the Insolvency Act 1986 by transferring the
assets and liabilities of Ortus VCT PLC to the Company in
consideration for new shares in the Company. A merger on this basis
will be outside the provisions of The City Code on Takeovers and
Mergers.
The Board is not aware of any other events or transactions that
have taken place between 30 June 2012 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
9 November 2012
This information is provided by RNS
The company news service from the London Stock Exchange
END
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