OVCT Oberon Aim Vct Plc

 
TIDMOVCT 
 
Octopus VCT PLC 
Interim Management Statement 
 
29 June 2012 
 
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and 
Transparency rules, Octopus VCT plc ("Fund" or "Company") presents an Interim 
Management Statement for the period 1 March 2012 to 31 May 2012. The statement 
also includes relevant financial information between the end of the period and 
the date of this statement. 
 
Financial Summary 
+-----------------------------+-----------------------+------------------------+ 
|                             |3 months to 31 May 2012|Year to 29 February 2012| 
+-----------------------------+-----------------------+------------------------+ 
|Net assets ( GBP'000)           |                 GBP50,263|                  GBP49,919| 
+-----------------------------+-----------------------+------------------------+ 
|Return on ordinary activities|                       |                        | 
|before tax ( GBP'000)           |                    GBP345|                     GBP753| 
+-----------------------------+-----------------------+------------------------+ 
|Net asset value per share    |                       |                        | 
|('NAV')                      |                  96.4p|                   95.7p| 
+-----------------------------+-----------------------+------------------------+ 
|Cumulative dividends paid    |                   1.0p|                    1.0p| 
+-----------------------------+-----------------------+------------------------+ 
|NAV plus cumulative dividends|                       |                        | 
|paid                         |                  97.4p|                   96.7p| 
+-----------------------------+-----------------------+------------------------+ 
 
Performance 
At 31 May 2012 the NAV plus cumulative dividends paid of the Fund was 97.4p, 
which compares to 96.7p as at 29 February 2012. The performance of the Fund has 
been relatively stable in the period under review, with the NAV increasing 
slightly due to loan interest income received by the Fund exceeding its running 
costs. 
 
There have been no changes to any unquoted investment valuations and an increase 
in the fair value of EKF Diagnostics plc, the Funds only quoted investment, of 
 GBP119,000. 
 
Investment activity 
During the period under review, Octopus VCT plc has invested a total of 
 GBP14.6million. Included in this were three  GBP1million investments in Technical 
Software Consultants Limited, 5AM Music Limited and Game Development and 
Management Limited. 
 
The remaining  GBP11.6million was invested into solar companies and ground source 
heat companies that have been set up to invest into the renewable energy sector. 
 
The remainder of the Season Ticket Credit Limited loan was repaid in the period 
and the second of two loans to Michabo Power Limited was also repaid in full. 
 
 
Top ten investment portfolio by value as at 31 May 2012 
+------------------------+----------------+--------------------+---------------+ 
|Company                 |Investment class|Carrying value  GBP'000|% of Net Assets| 
+------------------------+----------------+--------------------+---------------+ 
|CSL Dualcom Limited     |        Security|               3,800|           7.6%| 
+------------------------+----------------+--------------------+---------------+ 
|Helaku Power Limited    |           Solar|               3,525|           7.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Borro Loan 2 Limited    |    Pawn Broking|               2,000|           4.0%| 
+------------------------+----------------+--------------------+---------------+ 
|GreenCo Services 2      |                |                    |               | 
|Limited                 |           Solar|               1,600|           3.2%| 
+------------------------+----------------+--------------------+---------------+ 
|Shakti Power Limited    |           Solar|               1,458|           2.9%| 
+------------------------+----------------+--------------------+---------------+ 
|Salus Services Holdings |                |                    |               | 
|1 Limited               |      Care homes|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Salus Services 2 Limited|      Care homes|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Personnel Advisory      |                |                    |               | 
|Services Limited        |           Solar|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Saas Business Services  |                |                    |               | 
|Limited                 |           Solar|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
|Resilient Corporate     |                |                    |               | 
|Services Limited        |           Solar|               1,000|           2.0%| 
+------------------------+----------------+--------------------+---------------+ 
 
 
Material events and transactions 
The Fund's Board is not aware of any other significant event or transaction 
which has occurred between the 1 March 2012 and the date of publication of this 
statement which would have a material impact on the financial position on the 
Fund. 
 
For further information please contact: 
Stuart Nicol - Fund Manager 
Octopus Investments Limited - 0800 316 2347 
 
ENDS 
 
 
 
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: Octopus VCT PLC via Thomson Reuters ONE 
[HUG#1623136] 
 

Oberon Aim Vct (LSE:OVCT)
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