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25 SEPTEMBER 2009
NORTHERN AIM VCT PLC
INTERIM MANAGEMENT STATEMENT
FOR THE QUARTER ENDED 31 JULY 2009
Northern AIM VCT PLC presents its interim management statement for
the quarter ended 31 July 2009. This constitutes the company's
second interim management statement for the financial year ending 31
October 2009, as required by the UK Listing Authority's Disclosure
and Transparency Rule 4.3. This statement has been prepared solely
to provide additional information in order to meet the requirements
of the Disclosure and Transparency Rules and should not be relied on
by shareholders, or any other party, for any other purpose.
The company's objective is to provide high long-term tax-free returns
to investors through a combination of dividend yield and capital
growth, by investing in a portfolio of investments mainly comprising
holdings in UK AIM-quoted and unquoted companies. The company is a
venture capital trust approved by HM Revenue & Customs and is
required to comply on a continuing basis with the provisions of
Section 274 of the Income Tax Act 2007.
The unaudited net asset value (NAV) per ordinary share as at 31 July
2009 was 33.8p (30 April 2009 31.3p).
For the purposes of calculating the net asset value per share, quoted
investments are carried at bid price as at 31 July 2009 and unquoted
investments are carried at fair value as at 31 July 2009 as
determined by the directors.
The following table shows the movement in the company's NAV and share
price and the FTSE AIM index during the three months ended 31 July
31 July 2009 30 April 2009 Increase/(decrease)
NAV per share 33.8p 31.3p 8.0%
Share price 22.5p 24.5p (8.2)%
FTSE AIM All-share 542.0 479.6 13.0%
During the three months ended 31 July 2009 the following significant
investment transactions took place:
Name of company Business activity Amount
Aero Inventory (quoted on AIM) - Inventory management for 152
addition to existing holding the aerospace industry
Name of company Sales proceeds Original cost Carrying value
GBP000 GBP000 at
30 April 2009
Pilat Media Global 198 150 184
(quoted on AIM) - part
The number of ordinary shares in issue at 31 July 2009 was
22,066,733. During the quarter ended 31 July 2009 no shares were
allotted or bought back for cancellation by the company.
The directors are not aware of any other events or transactions which
have taken place between 30 April 2009 and the date of publication of
this statement and which have had a material effect on the financial
position of the company.
Alastair Conn/Christopher Mellor, NVM Private Equity Limited - 0191
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This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.
(END) Dow Jones Newswires
September 25, 2009 04:23 ET (08:23 GMT)