Octopus Second AIM VCT plc Interim Management Statement 13 January 2010 In accordance with Rule 4.3 of the UK Listing Authority's Disclosure and Transparency rules, Octopus Second AIM VCT plc ("Company") presents an Interim Management Statement for the period 1 September 2009 to 31 December 2009. The statement also includes relevant financial information between the end of the period and the date of this statement. Financial Summary As at 31 December As at 30 November As at 31 August New Ordinary shares 2009 2009 2009 Net assets (000s) £13,079 £13,504 £13,476 Net profit/(loss) before tax (000s) £500 £872 £(79) Net asset value per share ("NAV") 30.7p 31.6p 30.8p Dividends paid in the period 1.5p - - Investment Performance The company's unaudited Net Asset Value as at 31 December 2009 was 30.7p, having paid a dividend of 1.5p per share on 11 December. After adding back this dividend, the rise in NAV in the period from 31 August 2009 is 4.5%. This NAV increase compares with a rise in the AIM All Share index of 10.3%. The rise in the AIM Index is substantially due to the increase in value of commodity based stocks in which the Company, as a VCT, cannot invest. In this period, a rebate of VAT was received from HMRC, which had largely been accrued in the accounts as at 31 August 2009. Investment Activity In the last few weeks of 2009 new issues began to reappear. However, fund raising in the period under review and indeed since, has been predominantly by existing AIM companies. Three new qualifying holdings have been made since 31 August. They are: 23 September, £127,080 in Omega Diagnostics 13 October, £390,000 in Clarity Commerce Solutions 18 December, £239,700 in SnackTime The offers for Claimar, Medical House and Research Now were accepted. Qualifying Investment Portfolio - Ten Largest Holdings by Value as at 31 December 2009 % of equity held by Carrying value Octopus Second Company Sector £'000 AIM -------------------------------------------------------------------------------- Advanced Computer Software & computer Software plc services 984 0.8% IS Pharma plc Pharmaceuticals 691 3.0% Animalcare Group plc Pharmaceuticals 661 3.5% Brulines (Holdings) plc Security 587 1.5% Managed Support Services plc Maintenance Contractor 553 4.5% Melorio plc Vocational Training 547 1.2% Praesepe plc Leisure 427 2.5% Chime Communications plc Marketing 394 0.3% Vertu Motors plc Motor Retail 384 0.5% Pressure technologies plc Manufacturing 382 1.4% Buybacks During the period to 31 December 2009 the Company has purchased 1,176,563 New Ordinary Shares to be held in Treasury at a weighted average price of 28.3p. Total Voting Rights The Company's capital as at 31 December 2009 consisted of 46,101,840 New Ordinary shares with a nominal value of 5p each, with voting rights. The Company holds 3,506,073 New Ordinary Shares in Treasury. Therefore, the total number of voting rights in Octopus AIM VCT plc is 42,595,767. Dividends A dividend of 1.5p a share was paid on 11(th) December. The Board wish to continue with their current dividend policy of paying a regular annual dividend. Material events and transactions The Board is not aware of any other significant event or transaction which has occurred between the 1 September 2009 and the date of publication of this statement which would have a material impact on the financial position of the Fund. For further information please contact: Andrew Buchannan and Kate Tidbury - Fund Managers Octopus Investments Limited - 0800 316 2347 ENDS [HUG#1373290]
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