Chrysalis VCT plc
Interim Management Statement
for the three months ended 31 July 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 July 2013. The statement also includes relevant financial information between the end of the period and the date of this statement.
Performance
| 31 July 2013 | 30 April 2013 | 31 October 2012 | |
| (Unaudited) | (Unaudited) | (Audited) | |
| Pence | Pence | Pence | |
| Net Asset Value | 80.7 | 82.5 | 84.5 |
| Cumulative Dividends | 40.7 | 39.0 | 35.7 |
| Total Return | 121.4 | 121.5 | 120.2 |
Dividends paid or declared
On 31 July 2013 the Company paid an interim dividend of 1.75p per share.
Unaudited Investment portfolio summary at 31 July 2013
| Cost | Valuation | Valuation movement between 1 May 2013 and 31 July 2013 | |
| £'000 | £'000 | £'000 | |
| Venture capital investments | 12,686 | 16,186 | - |
| Fixed income securities | 424 | 434 | (2) |
| Total investments | 13,110 | 16,620 | (2) |
There have been no material valuation movements in the period under review.
Investment additions during the three month period ended 31 July 2013
| £'000 | |
| Follow-on investment | |
| K10 (London) Limited | 250 |
There have been no additions between 1 August 2013 and the date of this announcement.
Investment disposals during the three months ended 31 July 2013
| Cost | Value at 1 November 2012 | Disposal proceeds | Gain in period against cost | Total realised gain | |
| £'000 | £'000 | £'000 | £'000 | £'000 | |
| Escape Studios Limited | 550 | 750 | 750 | 200 | - |
| KnowledgePool Group Limited | 1,000 | 1,614 | 1,799 | 799 | 185 |
| Life's Kitchen Limited | 20 | 20 | 20 | - | - |
| Newquay Helicopters Limited (formerly British International Holdings Limited) | 739 | 1,013 | 1,013 | 274 | - |
| Precision Dental Laboratories Limited | 200 | 200 | 200 | - | - |
| Real Time Logistic Solutions Limited | 55 | - | 68 | 13 | 68 |
| Triaster Limited | 108 | 108 | 108 | - | - |
| 2,672 | 3,705 | 3,958 | 1,286 | 253 |
There have been no disposals between 1 August 2013 and the date of this announcement.
Changes to share capital
| Ordinary Shares of 1p each | ||
| Shares | £'000 | |
| As at 1 May 2013 | 29,917,625 | 299 |
| Shares issued under SRRP | 19,400 | - |
| Shares bought back and cancelled under SRRP | (20,000) | - |
| As at 31 July 2013 | 29,917,025 | 299 |
There have been no share buybacks between 1 August 2013 and the date of this announcement.
Material events
Other than described above, there were no material events during the period from 1 May 2013 to 31 July 2013 or in the period from 1 August 2013 to the date of this announcement.