Downing Income VCT 4 plc Downing Income Vct 4 Plc : Interim Management Statement
August 14 2013 - 12:34PM
UK Regulatory
TIDMDI4O
Downing Income VCT 4 plc
Interim Management Statement
for the three months ended 30 June 2013
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of
the UK Listing Authority Downing Income VCT 4 plc presents an Interim
Management Statement for the three month period ended 30 June 2013. The
statement also includes relevant financial information between the end
of the period and the date of this statement.
Performance
30 Jun 31 Mar 31 Dec 30 Sep
2013 2013 2012 2012
(Unaudited) (Unaudited) (Unaudited) (Audited)
Pence Pence Pence Pence
Net Asset Value 33.3 34.6 35.8 34.8
Cumulative distributions
paid 33.5 33.5 31.0 31.0
Total return 66.8 68.1 66.8 65.8
Unaudited investment portfolio summary at 30 June 2013
Valuation
movement
since
31 March
Cost Valuation 2013
GBP'000 GBP'000 GBP'000
Ten largest investments by value
Anpario plc 252 630 149
Vulcan Renewables Limited * 400 400 -
Brooks Madonald Group plc 35 345 (4)
Vertu Motors plc 500 333 (4)
Craneware plc 125 326 (92)
Baron House Developments LLP * 308 308 -
Southampton Hotel Developments Limited * 300 300 -
Angle plc 331 287 (33)
Universe Group plc 222 284 14
Cohort plc 241 282 31
Subtotal 2,714 3,495 61
Other venture capital investments 6,959 2,988 (466)
Total 9,673 6,483 (405)
All investments are quoted on AIM unless otherwise stated.
* Unquoted
After accounting for additions and disposals during the period.
Investment additions during the three month period ended 30 June 2013
Cost
GBP'000
Curo Compensation Limited 150
Inland Homes plc 200
Ludorum plc 18
368
Since the period end, the Company has made a new investment into Science
in Sport plc at a cost of GBP250,000.
Investment disposals during the three month period ended 30 June 2013
Value at Total
1 October Disposal (Loss)/gain realised
Cost 2012 * proceeds against cost loss
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Baron House
Developments LLP 92 92 92 - -
Datong plc 150 33 59 26 (91)
Tristel plc 239 171 97 (74) (142)
481 296 248 (48) (233)
*After accounting for purchases in the period
The Company disposed of two holdings after the period end receiving
proceeds thereon of GBP470,000.
Share Realisation and Reinvestment Programme and Top Up Offer
On 18 April 2013, the Company completed a Share Realisation and
Reinvestment Programme ("SRRP"), whereby it acquired a total of 101,999
shares at a price of 35.0 per share. Participating Shareholders
reinvested the proceeds and were allotted 98,939 shares at a price of
approximately 36.1 per share.
Changes to share capital
Shares GBP'000
As at 1 April 2013 Ordinary Shares of 10p each 20,918,659 2,092
Shares issued under SRRP 98,939 10
Shares bought back and cancelled under SRRP (101,999) (10)
Shares bought back and cancelled (446,000) (45)
As at 30 June 2013 Ordinary Shares of 10p each 20,469,599 2,047
Since the period end the Company purchased 100,000 shares for
cancellation.
Material events
Other than described above, there were no material events during the
period from 1 April 2013 to 30 June 2013 or in the period from 1 July
2013 to the date of this announcement.
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 Income VCT 4 plc via Thomson Reuters ONE
HUG#1723111
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