Octopus VCT 2 PLC Octopus Vct 2 Plc : Interim Management Statement
03 June 2013 - 10:18PM
UK Regulatory
TIDMOVC2
Octopus VCT 2 PLC
Interim Management Statement
3 June 2013
In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and
Transparency rules, Octopus VCT 2 plc ("Fund" or "Company") presents an
Interim Management Statement for the period 1 January 2013 to 30 April
2013. The statement also includes relevant financial information between
the end of the period and the date of this statement.
Financial Summary
4 months to 30 April 2013 Year to 31 December 2012
Net assets (GBP'000s) 18,190 18,180
Return/(loss) on ordinary
activities before tax
(GBP'000s) 10 132
Net asset value per share 94.2p 94.2p
('NAV')
Performance
As at 30 April 2013 the NAV of the Fund was 94.2p, showing no change to
the NAV as at 31 December 2012. As the consistency in the NAV shows, the
performance of the Fund has been relatively stable in the period under
review, with a small increase in the net assets as loan interest income
received by the Fund exceeds its day to day running costs, an increase
not yet significant enough to move the NAV per share.
There have been no changes to any unquoted investment valuations, with
the entire portfolio currently valued at cost.
Investment activity
No investments have been made or realised during the period and a total
of GBP17.5 million remains invested in unquoted investments.
Top ten investment portfolio by value as at 30 April 2013
Carrying value
Company Investment class GBP'000 % of Net Assets
Helaku Power
Limited Solar 1,460 8.0%
Sula Power Limited Solar 1,000 5.5%
Borro Loan 2
Limited Consumer finance 1,000 5.5%
Caspian Heat
Limited Ground source heat 1,000 5.5%
Superior Heat
Limited Ground source heat 1,000 5.5%
5AM Music Limited Media 1,000 5.5%
Game Development
and Management
Limited Media 1,000 5.5%
Howbery Solar
Limited Solar 600 3.3%
Acquire Your
Business Limited Business services 578 3.2%
Aashman Power
Limited Solar 500 2.7%
Material events and transactions
The Fund's Board is not aware of any other significant event or
transaction which has occurred between 1 January 2013 and the date of
the publication of this statement which would have a material impact on
the financial position on the Fund.
For further information please contact:
Benjamin Davis - Fund Manager
Octopus Investments Limited - 0800 316 2347
ENDS
This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Octopus VCT 2 PLC via Thomson Reuters ONE
HUG#1706640
http://www.octopusinvestments.com/
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