The AIM Distribution Trust plc (UK) – Interim Management Statement
Interim Management Statement
The AIM Distribution Trust plc
Interim Management Statement
for the three months ended 31 December 2009
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, The AIM Distribution Trust plc presents an Interim Management Statement for the three month period ended 31 December 2009. The statement also includes relevant financial information between the end of the period and the date of this statement.
Dividends paid or declared in the period
On 30 November 2009, the Board declared an interim dividend of 1.75p per share which was paid to Shareholders on 18 December 2009.
|Net Asset Value (“NAV”)||36.50||39.50||33.60|
|Cumulative dividends since launch||57.55||55.80||55.80|
|Total Return *||94.05||95.30||89.40|
* (NAV plus cumulative dividends paid since launch)
Investment portfolio summary at 31 December 2009
|Ten largest investments by value|
|ANS Group plc||Listed on Plus||201||483||(28)|
|Connaught plc||Full list||27||390||(53)|
|Doubletake Portraits Limited||Unquoted||250||358||–|
|Cadbury House Holdings Limited||Unquoted||319||319||–|
|Spice plc||Full list||256||219||(77)|
|Atlantic Global plc||310||186||(12)|
|Hoole Hall Spa and Leisure Limited||Unquoted||120||120||–|
|Deltex Medical Group plc||233||107||18|
|Other venture capital investments||5,557||681||(4)|
|Listed fixed income securities||558||294||7|
All investments are quoted on AIM unless otherwise stated.
* After accounting for purchases in period
Investment additions during the 3 months ended 31 December 2009
|Cadbury House Holdings Limited **||319|
** During the period, the Company invested £319,000 in Cadbury House Holdings Limited, which comprised reinvestment of the proceeds of the disposal from Cadbury House Limited of £319,000.
After the period end, the Company acquired shares in Mears Group plc following a share for share takeover of Supporta plc.
Investment disposals during the 3 months ended 31 December 2009
|Cadbury House Limited||319||319||319||–||–|
|The Medical House plc||171||44||90||(81)||46|
* Adjusted for purchases since 1 April 2009.
In addition to the share for share takeover of Supporta, noted above, since the period end the Company has also disposed of its holdings in Cellcast plc, The Real Good Food Company plc, and a partial holdings in the Bluecrest Allblue Fund, with proceeds thereon received of £89,000.
Changes to share capital
|Ordinary Shares of
|As at 1 October 2009||13,140,436||3,285|
|Shares bought back and cancelled||–||–|
|As at 31 December 2009||13,140,436||3,285|
There have been no shares bought back for cancellation since the period end.
On 30 November 2009, the Company announced that it is in merger discussions with Pennine AIM VCT 5 plc and Pennine AIM VCT 6 plc and that any merger is expected to be by way of a “scheme of reconstruction” pursuant to S.110 of the Insolvency Act 1986. Merger discussions are ongoing.
Other than described above, there were no material events during the period from 1 October 2009 to 31 December 2009 or in the period from 1 January 2010 to the date of this announcement.
HUGIN /Source: The AIM Distribution Trust plc /LSE: AMD /ISIN: GB0000116375