Chrysalis VCT plc
Interim Management Statement
for the three months ended 31 January 2013
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Chrysalis VCT plc presents an Interim Management Statement for the three month period ended 31 January 2013. The statement also includes relevant financial information between the end of the period and the date of this statement.
Performance
| 31 January 2013 | 31 October 2012 | |
| (Unaudited) | (Audited) | |
| Pence | Pence | |
| Net Asset Value | 84.5 | 84.5 |
| Cumulative Dividends | 35.7 | 35.7 |
| Total Return | 120.2 | 120.2 |
Dividends paid or declared in the period
On 31 January 2013 the Board declared a final dividend of 3.25p per Ordinary Share to be paid on 30 April 2013. The dividend was approved by Shareholders at the Annual General Meeting held on 14 March 2013.
Unaudited investment portfolio summary at 31 January 2013
| Cost | Valuation | Valuation movement between 1 Nov 2012 and 31 Jan 2013* | |
| £'000 | £'000 | £'000 | |
| Venture capital investments | 14,992 | 19,655 | (3) |
| Fixed income securities | 1,659 | 1,668 | (12) |
| Total investments | 16,651 | 21,323 | (15) |
*After accounting for additions and disposals in the period
Investment additions during the three month period ended 31 January 2013
| £'000 | |
| Rhino Sport and Leisure Limited | 138 |
There have been no additions between 1 February 2013 and the date of this report.
Investment disposals during the three month period ended 31 January 2013
| Cost | Market value at 1 Nov 2012* | Disposal proceeds | Gain in period against cost | Total realised gain | |
| £'000 | £'000 | £'000 | £'000 | £'000 | |
| S&W Investment Funds Cash Fund | 1 | 1 | 1 | - | - |
| Life's Kitchen Limited | 25 | 25 | 25 | - | - |
| Triaster Ltd | 160 | 160 | 160 | - | - |
| 186 | 186 | 186 | - | - |
*After accounting for purchases in the period.
There have been no material disposals between 1 February 2013 and the date of this report.
Changes to share capital
| Ordinary Shares of 1p each | ||
| Shares | £'000 | |
| As at 1 November 2012 | 29,791,021 | 298 |
| Shares bought back and cancelled | - | - |
| As at 31 January 2013 | 29,791,021 | 298 |
There have been no share buybacks between 1 February 2013 and the date of this report.
Share Realisation and Reinvestment Programme ("SRRP")
On 31 January 2013 the Company announced proposals to offer Shareholders the opportunity to participate in an SRRP and, for Shareholders and members of the public, the opportunity to subscribe up to 2,979,102 additional new shares in the Company. The proposals were approved by Shareholders approval at a General Meeting held on 14 March 2013.
Material events
Other than described above, there were no material events during the period from 1 November 2012 to 31 January 2013 or in the period from 1 February 2013 to the date of this announcement.