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PRIVATE EQUITY
 

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Aberdeen Growth Opportunities VCT PLC - continued strong performance for Ordinary and C shares

The board of Aberdeen Growth Opportunities VCT has announced its results for year November 2007. This fund has continued to experience strong performance and healthy investment activity. Among the highlights are:

  • Total Return on Ordinary shares 115.1p per share (pps) at year end up 4.8% over the year
  • Net asset value (NAV) of Ordinary shares at year end of 102.6pps
  • Total Return on C Shares 99.2pps at year end up 3.3% over the year
  • NAV of C Share at year end of 97.2p
  • 3 successful exits from unlisted companies during the year generating net gains of 4.0p per Ordinary share
  • Net realised gains from AIM stocks of 6.8p per Ordinary share and 1.2p per C share for the year
  • Dividends declared or proposed of 4.75p per Ordinary share and 3.2p per C share in respect of the year
  • These dividend levels, based on the mid market price at 30 November 2007, represent tax-free yields of 6.6% and 3.2%, which are therefore equivalent to 8.8% and 4.3% from a UK equity for a higher rate taxpayer
  • The Board has decided to target annual dividend payments of either 4p per Ordinary Share or 50% of the uplift in NAV, whichever is the greater

Supporting Information:

  • Highly diversified generalist VCT, with multi-asset private equity and AIM portfolios
  • Access to around 900 investment opportunities per annum – supporting the Manager's strategy of finding suitable private equity transactions which offer growth and a healthy running yield, in tandem with an actively managed AIM business.

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