MAVEN INCOME & GROWTH VCT 4 PLC

Net Asset Value • Jun 7, 2013

National Storage Mechanism | Additional information

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RNS Number : 6084G

Maven Income & Growth VCT 4 PLC

07 June 2013

Maven Income and Growth VCT 4 PLC

Interim Management Statement

1.         Net Asset Value

·     Ordinary share NAV Total Return since launch of 121.54p per share and NAV of 94.2p at 3 April 2013.

·     C Ordinary share NAV of 100.0p at 3 April 2013.

The NAVs shown above are unaudited and reflect the closing bid prices of quoted securities and the Directors' valuations of unlisted investments as at 3 April 2013, which was the calculation date for the recent merger with Ortus VCT, adjusted for any material developments within the portfolios since that date.  

2.         Investments and disposals

During the period ended 3 April 2013, the Ordinary share portfolio invested £1,210,000 in seven private equity investments. During the same period, disposals generated aggregate gains on disposal of £424,028 from investments with a cost of £216,343.

The S share portfolio invested £549,000 in six private equity investments during the same period, and generated aggregate gains on disposal of £3,503 from investments with a cost of £41,444.  

There were no other material transactions during the period under review. 

After the end of the period under review, investments totalling £2,019,000 were made in six unlisted companies and gains totalling £433,427 were realised from investments with a cost of £669,168.

3.         Merger

On 3 April 2013, the Company merged with Ortus VCT in a s.110 transaction. The financial impact of the merger was set out in the annual report for the year ended 31 December 2012, particularly in Note 19 to the Financial Statements.

The Board is not aware of any other events or transactions that have taken place between 3 April 2013 and the date of publication of this statement which would have had a material impact on the financial position of the Company.

Issued on behalf of the Board

Maven Capital Partners UK LLP, Secretary

7 June 2013

This information is provided by RNS

The company news service from the London Stock Exchange

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