Foresight 3 VCT plc
Interim Management Statement for the Quarter Ended 31 December 2012
Foresight 3 VCT plc presents its Interim Management Statement for the quarter ended 31 December 2012. This constitutes the company's second Interim Management Statement for the financial year ending 31 March 2013, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
At 31 December 2012, there were 50,644,166 Ordinary Shares in issue. During the three months ended 31 December 2012 there were no shares issued or repurchased.
The net assets at 31 December 2012 comprised the following:
| £'000 | % of Net Assets | ||
| Unquoted Investments at fair value as determined by the Directors | 35,555 | 89.8 | |
| Quoted investments at bid price | 1,461 | 3.7 | |
| Total venture capital investments | 37,016 | 93.5 | |
| Cash & liquid investments | 1,071 | 2.7 | |
| Other net current assets | 1,544 | 3.8 | |
| Net Assets | 39,631 | 100.0 |
Quoted investments are stated at bid price as at 31 December 2012. Unquoted investments are stated at fair value as at 31 December 2012 as determined by the Directors.
During the three months ended 31 December 2012 the following significant investment transactions took place:
Follow-on unquoted investments:
| Name of Company | Business Activity | Amount Invested £'000 |
| 2K Manufacturing | Manufactures plastic boards from low grade mixed waste plastics | 542 |
| The Bunker Secure Hosting | Provision of high security IT hosting and co-location services | 42 |
Unquoted investment disposal:
| Name of Company | Business Activity | Original Cost £'000 | Proceeds £'000 |
| i-plas Group | Manufactures building products from waste plastic | 131 | 131 |
| Crumb Rubber | Manufacture of fine rubber powder from recycled tyres | 23 | 23 |
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800