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Downing Planned Exit VCT 5 PLC : Interim Management Statement

Date : 10/19/2011 @ 10:41AM
Source : UK Regulatory (RNS & others)
Stock : Downing Plan 5 (DPV5)
Quote : 6.0  0.0 (0.00%) @ 12:00AM
Downing Protected Vct V share price Chart

Downing Planned Exit VCT 5 PLC : Interim Management Statement


 
TIDMDPV5 
 
Downing Planned Exit VCT 5 plc 
Interim Management Statement for the three months ended 31 August 2011 
 
In  accordance with Rule 4.3 of the Disclosure  and Transparency Rules of the UK 
Listing Authority, Downing Planned Exit VCT 4 plc presents an Interim Management 
Statement  for the three month period  ended 31 August 2011.  The statement also 
includes  relevant financial information  between the end  of the period and the 
date of this statement. 
 
Performance 
                           Unaudited   Unaudited   Unaudited   Audited 
                              31 Aug      31 May      28 Feb    30 Nov 
                                2011        2011        2011      2010 
 
                               Pence       Pence       Pence     Pence 
 
 Net Asset Value ("NAV")        14.4        34.0        34.5      34.5 
 
 Cumulative Dividends           74.0        56.0        56.0      56.0 
 
 Total Return *                 88.4        90.0        90.5      90.5 
 
*NAV plus cumulative dividends paid since launch 
 
Dividends paid or declared in the period 
A dividend of 18 pence per share was paid on 26 August 2011 to Shareholders on 
the register at 12 August 2011. No dividend have been paid or declared in the 
period from 1 September 2011 to the date of this announcement. 
 
Investment portfolio summary at 31 August 2011 (unaudited) 
                                                                Valuation 
                                                                 movement 
                                                                  between 
                                                          1 June 2011 and 
                                           Cost Valuation  31 August 2011 
 
                                           GBP'000      GBP'000            GBP'000 
 
VCT Qualifying Investments 
 
 
 
Coast Contractors Limited                 2,252     1,421           (333) 
 
Heyford Contracting (South) Limited       1,500       875               - 
 
Future Films Production Services Limited    128        64               - 
                                        --------------------------------- 
                                          3,880     2,360           (333) 
                                        --------------------------------- 
Non Qualifying Investments 
 
 
 
Heyford Contracting (South) Limited         150       125               - 
 
Vermont Developments Limited                902        50               - 
 
Aminghurst Limited                          993         -               - 
                                        --------------------------------- 
                                          2,045       175               - 
                                        --------------------------------- 
 
 
                                          5,925     2,535           (333) 
                                        --------------------------------- 
 
 
 
 
 
 
Investment additions during the 3 months ended 31 August 2011 
 
                               GBP'000 
 
 Coast Constructors Limited     497 
 
 
Investment disposals during 3 months ended 31 August 2011 
 
                                                                  Gain/    Total 
                                              Market             (loss) realised 
                                            value at  Disposal  against    gain/ 
                                   Cost  1 June 2011  proceeds     cost   (loss) 
 
                                   GBP'000         GBP'000      GBP'000     GBP'000     GBP'000 
 
West Tower Holding Limited        1,750        1,750     1,750        -        - 
 
Hoole Hall Spa and Leisure Club 
Limited                           1,000        1,000     1,000        -        - 
 
Hoole Hall Country Club Holdings 
Limited                             875          875       875        -        - 
 
Sanguine Hospitality Limited        243          238       238      (5)        - 
 
Chapel Street Hotel (2008) 
Limited                              63          126       126       63        - 
 
Chapel Street Hotel Limited           3            3         3        -        - 
                                 ----------------------------------------------- 
                                  3,934        3,992     3,992       58        - 
                                 ----------------------------------------------- 
 
No  additions or disposals were made in  the period from 1 September 2011 to the 
date of this announcement. 
 
Changes to share capital 
The  number of Ordinary Shares  in issue as at  the date of this announcement is 
21,024,816. There have been no changes in share capital during the 3 months from 
1 June 2011 to 31 August 2011 or in the period from 1 September 2011 to the date 
of this announcement. 
 
Winding up plans 
At  the AGM on 19 May 2011, Shareholders passed  a resolution for the Company to 
discontinue  as  a  VCT.   Formal  proposals  for  the Company to enter members' 
voluntary  liquidation are  being prepared  and will  be put to Shareholders for 
approval in due course. 
 
Material events 
Other  than  described  above,  there  were  no material events during the three 
months  from 1 June  2011 to 31 August  2011 or in  the period  from 1 September 
2011 to the date of this announcement. 
 
Website 
Financial  reports and other  information regarding the  Company can be found at 
www.downing.co.uk. 
 
 
 
 
 
 
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: Downing Planned Exit VCT 5 PLC via Thomson Reuters ONE 
 
[HUG#1556198] 
 

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