Chrysalis VCT plc
Interim Management Statement
for the three months ended 31 July 2014
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 July 2014. The statement also includes relevant financial information between the end of the period and the date of this statement.
Performance
| 31 July 2014 | 30 April 2014 | 31 October 2013 | |
| (Unaudited) | (Unaudited) | (Audited) | |
| Pence | Pence | Pence | |
| Net Asset Value | 84.6 | 93.8 | 83.5 |
| Cumulative Dividends | 53.2 | 44.0 | 40.7 |
| Total Return | 137.8 | 137.8 | 124.2 |
Dividends paid or declared
On 31 July 2014 the Company paid a dividend of 9.25p per share comprising an interim dividend of 1.75p and a special dividend of 7.50p.
Unaudited Investment portfolio summary at 31 July 2014
| Cost | Valuation | Valuation movement between 1 May 2014 and 31 July 2014 | |
| £'000 | £'000 | £'000 | |
| Venture capital investments | 14,280 | 15,043 | 10 |
| Fixed income securities | 2,200 | 2,222 | 4 |
| Total investments | 16,480 | 17,265 | 14 |
There have been no material valuation movements in the period under review.
Investment additions during the three month period ended 31 July 2014
| £'000 | |
| New investments | |
| Electrobase RP Limited | 1,000 |
| Green Star Media Limited | 650 |
| 1,650 |
There have been no additions between 1 August 2014 and the date of this announcement.
Investment disposals during the three months ended 31 July 2014
| Cost | Value at 1 November 2013 | Disposal proceeds | Gain in period against cost | Total realised gain | |
| £'000 | £'000 | £'000 | £'000 | £'000 | |
| Global3Digital Limited | - | - | 1 | 1 | 1 |
| Locale Enterprises Limited | 10 | 10 | 10 | - | - |
| Precision Dental Laboratories Limited | 200 | 200 | 200 | - | - |
| Triaster Limited | 6 | 6 | 6 | - | - |
| 216 | 216 | 217 | 1 | 1 |
Since the period end the Company has made further partial disposals of Locale Enterprises (£10,000) and Triaster (£2,000).
Changes to share capital
| Ordinary Shares of 1p each | ||
| Shares | £'000 | |
| As at 1 May 2014 | 29,917,025 | 299 |
| Share movements | - | - |
| As at 31 July 2014 | 29,917,025 | 299 |
There have been no share buybacks or issues between 1 August 2014 and the date of this announcement.
Material events
Other than described above, there were no material events during the period from 1 May 2014 to 31 July 2014 or in the period from 1 August 2014 to the date of this announcement.