ICH Investec H.I.T.

    24 October 2006

 

INVESTEC HIGH INCOME SECURITIES PLC

 

Preliminary announcement of interim results to 30 September 2006

 

The following announcement should be read in conjunction with the announcement
of Investec High Income Trust Plc, released today.

 

The Directors announce the unaudited statement of results for the period ended
30 September 2006 as follows:

 

 

 

                       


Balance Sheet

as at 30 September 2006

 

                                       30 September      30 September  31 March
                                               2006              2005      2006
                                         (unaudited)      (unaudited)  (audited)
                                               �'000            �'000     �'000
                                                                               
Current assets                                                                 
                                                                               
Debtors                                       13,403           12,329    12,853
                                                                               
Total assets less current                     13,403           12,329    12,853
liabilities                                                                    
                                                                               
                                                                               
                                                                               
                                                                               
                                                                               
Non current liabilities                                                        
                                                                               
Zero dividend preference shares              (13,353)         (12,279)  (12,803)
                                                                               
                                                                               
                                                                               
Net assets                                      50               50          50
                                                                               
                                                                               
                                                                               
Capital and reserves                                                           
                                                                               
Called up share capital                          50               50         50
                                                                               
Shareholders' funds                              50               50         50
                                                                               
                                                                               
                                                                               
Net asset value per share                                                      
                                                                               
Zero dividend preference shares              158.97p            146.18p     152.42p
                                                                               
Ordinary shares                               25.00p             25.00p      25.00p
                                                                               

 

 

 


Income Statement

for the six months to 30 September 2006

 

 

                   Six months ended      Six months ended          Year ended       
                                                                                    
                   30 September 2006     30 September 2005       31 March 2006 
                      (unaudited)           (unaudited)             (audited)               
                                                                                    
                 Revenue Capital Total Revenue Capital Total Revenue Capital   Total
                                                                                    
                 �'000   �'000   �'000   �'000   �'000 �'000   �'000   �'000   �'000
                                                                                    
                                                                                    
                                                                                    
Income and                                                                          
capital profits                                                                     
                                                                                    
Accrued          -       550     550   -       506     506         -   1,030   1,030
redemption                                                                          
premium                                                                             
                                                                                    
                                                                                    
                                                                                    
Finance costs    -       (550)   (550) -       506     506         - (1,030) (1,030)
                                                                                    
                                                                                    
                                                                                    
Return before                                                                       
and after                                                                           
taxation               -       -     -       -       -     -       -       -       -
                                                                                    
                                                                                    
                                                                                    
Return to equity -       -       -     -       -       -           -       -       -
shareholders                                                                        
                                                                                    
                                                                                    
                                                                                    
Return per zero                                                                     
dividend                                                                            
preference share                 6.55p                 6.02p                  12.26p
                                                                                    

 

The above financial information does not constitute statutory accounts as
defined in Section 240 of the Companies Act 1985.

 

The interim report for the period to 30 September 2006 is contained within the
interim report of Investec High Income Trust plc and will be posted to
shareholders shortly.

 

For further information please contact:

 

Martin Slade

 

Investec Investment Management Limited            020 7597 2000



END

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