Core VCT IV plc : Interim Management Statement


 
TIDMCR4 
 
From: Core VCT IV PLC 
 
Date: 3 May 2012 
 
 
 
 
 
Interim Management Statement for the quarter ended 31 March 2012 
 
 
 
 
 
Quarterly Management Review 
 
Set out below is the interim management statement ("IMS") for the period from 1 
January  2012 to  31 March  2012, which  contains  information  that covers this 
period,  and up  to the  date of  publication of  this IMS.   Core VCT IV plc is 
publishing  this IMS  in accordance  with DTR  4.3 of the  FSA Handbook.  As the 
Company  owns  a  subsidiary  which  holds  a  partnership  interest  in  an  LP 
consolidated accounts have been prepared. 
 
 
 
This  IMS  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. 
 
 
 
Performance Summary Ordinary Shares 
 
                                                   31 March          31 December 
 
                                                       2012                 2011 
 
Net asset value per share                       57.53 pence          57.91 pence 
 
Total return to date per share(1)               75.03 pence          75.41 pence 
 
Share price (mid-market)                        34.50 pence          35.50 pence 
 
Cumulative dividends paid                       17.50 pence          17.50 pence 
 
 
 
 1. Total  return per  share comprises  closing net  asset value  per share plus 
    cumulative dividends per share paid to date. 
 
 
 
 
 
Investments 
 
During  the quarter no investments were purchased or realised.  The value of the 
Group's  investment in Core Capital I LP was reduced by  GBP40,000 in line with the 
quarterly report prepared by the Manager.  This represents a reduction of 0.37p 
per ordinary share. 
 
 
 
The  cash balance  at the  end of  the quarter  was  GBP0.3 million, or 4.2% of net 
assets.  The Group's investment in Core Capital I LP has uncalled commitments of 
 GBP15.5  million at the  quarter end, available  to support the investments within 
the Fund. This will be drawn from the other institutional investors. 
 
 
 
Group Holdings as % of Net Assets 
 
 
 
                                                   31 March          31 December 
 
                                                       2012                 2011 
 
Core Capital I LP                                     36.1%                36.5% 
 
Allied International Holdings Limited                 32.1%                31.9% 
 
Camwatch Limited                                      16.0%                15.9% 
 
Pureleaf  Limited (trading  as Momentous Moving       12.1%                12.0% 
Excellence) 
 
Cording Land LLP                                       0.1%                 0.1% 
 
 
 
Share Capital 
 
The  Company has not  issued or bought  back any shares  during the period.  The 
Company's issued share capital currently stands at 10,885,969 ordinary shares. 
 
 
 
As  is common in Venture Capital Trusts, there is little if any liquidity 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.  Shareholders might consider holding their shares with 
a view to benefiting from future realisations. 
 
 
 
Outlook 
 
We  are not intending to make any new investments in either the Fund or Core VCT 
IV,  but to deploy the remaining capital and undrawn commitments within the Fund 
into  supporting the  growth of  the existing  investment portfolio and managing 
these through to exit. 
 
 
 
For further information please contact: 
 
 
 
Stephen         Core Capital LLP:  020 3179 0915 
Edwards, 
 
Rhonda Nicoll,  Company Secretary: 020 3179 0930 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Core VCT IV plc via Thomson Reuters ONE 
[HUG#1608427]
Core Vct Iv (LSE:CR4)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024