AMN Asset Man Inv

RNS Number:7109N
Asset Management Investment Co.PLC
11 February 2008

                    Asset Management Investment Company PLC
                                ("the Company")


Interim Management Statement - Quarter ended 31 December 2007


This is the first Interim Management Statement issued by the Company, for the
period from 1 October 2007 to 31 December 2007 and is provided in accordance
with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing
Authority.


This Statement relates to the financial information from 1 October 2007 to 31
December 2007 and contains information to give an indication of the material
events and transactions that have taken place during the period from 1 October
2007 to the date issue of this statement.


This statement has been prepared to provide additional information in pursuance
of the relevant requirements of the UK Listing Authority Disclosure and
Transparency Rules, and should not be relied on by shareholders, or any other
party, for any other purpose.


Financial Information:


Unaudited Net Asset Value per share ("NAV")


Net Asset Value* ("NAV") of 145.93p per ordinary share as at 31 December 2007
which compared to the NAV as at 28 September 2007 of 131.68p per ordinary share,
represents an increase of 10.8%.


* The NAV is unaudited and calculated in accordance with Association of
Investment Companies ("AIC") guidelines. The net asset value per share includes
debt at fair value (calculated as sterling equivalent of USD denominated loan at
daily closing rate). Unlisted securities are normally revalued on a monthly
basis.


Share Price Performance:


The Company's share price increased from 97.5p per ordinary share on 28
September 2007 to 110p per ordinary share on 31 December 2007. This represents
an increase of 12.8%


Investments and Disposals:


During the quarter ended 31 December 2007, no new investments were made in
pursuance of the investment objective to effect an orderly realisation of its
investment portfolio in order to return capital to shareholders.


During the same period, Hillview Capital Advisors, a private wealth management
company located in New York City, was sold to the management of Hillview in
December 2007. The total consideration was $1.3 million, comprising a first
payment of $500,000 received in December 2007, a payment of $540,000 due in
December 2008 and three annual payments commencing 2009 each of 2.5% of the
gross revenues of Hillview less commissions on sales.


There were no other material transactions during the period.


Portfolio Distribution on 31 December 2007:


United Kingdom                                     30%

North America                                      38%

Continental Europe                                 29%

Cash and fixed interest                            03%



Company Statistics on 31 December 2007:



Gross Assets                                    �35.8m

Shareholders Funds                              �30.2m



Material Events and transactions:



Final dividend:


At the Annual General Meeting held on 5 February 2008 shareholders approved the
final dividend of 4p per ordinary share. The dividend was paid on 8 February
2008 to shareholders on the register at the close of business on 11 January
2008.



Share buy back:


During the period from 1 October 2007 to the date of issue of this statement the
Company bought back 550,000 ordinary shares at a total cost of �613,750. At the
date of issue of this statement the Company's issued share capital consisted of
20,195,426 ordinary shares in issue.



Annual General Meeting:



The Annual General Meeting of the Company was held on 5 February 2008.
Resolutions 1 to 6 and Resolution 9 were duly passed. Resolutions 7 and 8
dealing with Directors power to allot shares were withdrawn.



Outlook:



Although stock markets have slowed in the period under review the Company made a
positive start with net assets of �30m at 31 December 2007 compared to �27.6m at
30 September 2007. The Board is satisfied that the majority of the investments
in the Company portfolio are soundly based to produce a satisfactory performance
in the second quarter and the Board and management will continue to work closely
with investee companies in order to maximise value for shareholders.



Other than described above, Board is not aware of any material events during the
period from 1 October 2007 to 31 December 2007, or in the period from 1 October
2007 to the date of this statement, which would in any way have a material
impact on the financial position of the Company


Information regarding historic and current financial performance can also be
found on our website www.amicplc.com


Issued on behalf of the Board

Bharat Bhagani

Company Secretary

Asset Management Investment Company PLC

11 February 2008

Telephone: 020 7618 9040



                      This information is provided by RNS
            The company news service from the London Stock Exchange
END

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