Foresight 3 VCT plc
Interim Management Statement for the Quarter Ended 30 June 2013
Foresight 3 VCT plc presents its Interim Management Statement for the quarter ended 30 June 2013. This constitutes the company's first Interim Management Statement for the financial year ending 31 March 2014, as required by the UK Listing Authority's Disclosure and Transparency Rule 4.3.
The unaudited net asset value (NAV) per ordinary share as at 30 June 2013 was 78.8p (31 March 2013: 75.2p).
At 30 June 2013, there were 51,901,401 Ordinary Shares in issue. During the three months ended 30 June 2013 there were 429,636 shares issued at prices ranging from 76.0p and 83.0p per share. There were no shares repurchased.
The net assets at 30 June 2013 comprised the following:
| £'000 | % of Net Assets | ||
| Unquoted Investments at fair value as determined by the Directors | 37,402 | 91.4 | |
| Quoted investments at bid price | 948 | 2.3 | |
| Total venture capital investments | 38,350 | 93.7 | |
| Cash & liquid investments | 1,212 | 3.0 | |
| Other net current assets | 1,348 | 3.3 | |
| Net Assets | 40,910 | 100.0 |
Quoted investments are stated at bid price as at 30 June 2013. Unquoted investments are stated at fair value as at 30 June 2013 as determined by the Directors.
During the three months ended 30 June 2013 the following significant investment transactions took place:
Follow-on unquoted investments:
| Name of Company | Business Activity | Amount Invested £'000 |
| 2K Manufacturing Limited | Manufactures plastic boards from low grade mixed waste plastics. | 300 |
| The Bunker Secure Hosting Limited | Provision of ultra secure IT hosting and co-location services. | 104 |
New unquoted investments:
| Name of Company | Business Activity | Amount Invested £'000 |
| Aerospace Tooling Holdings Limited | Specialist repair of gas/jet turbine components. | 500 |
| Procam Television Holdings Limited | Supplies camera equipment and crew for TV production. | 250 |
Unquoted investment disposal:
| Name of Company | Business Activity | Original Cost £'000 | Proceeds £'000 |
| Meridian Technique | Creating pre-operative plans from digital x-ray images for orthopaedic surgeons | 85 | 44 |
| Alaric Systems | Software for payments systems | 35 | 35 |
For further information please contact:
Gary Fraser, Foresight Group: 01732 471 800