Interim Management Statement
October 19 2010 - 11:23AM
UK Regulatory
TIDMDPV5
Downing Planned Exit VCT 5 plc
Interim Management Statement for the three months ended 31 August 2010
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Downing Planned Exit VCT 5 plc presents an Interim Management
Statement for the three month period ended 31 August 2010. 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
No dividends have been paid in the three months to 31 August 2010 or in the
period from 1 September 2010 to the date of this announcement.
Performance
31 31 28
Aug May Feb
2010 2010 2010
Pence Pence Pence
Net Asset Value ("NAV") 38.2 38.3 78.3
Cumulative Dividends 56.0 56.0 16.0
Total Return * 94.2 94.3 94.3
* NAV plus cumulative dividends paid since launch
Investment portfolio summary at 31 August 2010
Valuation
movement
since
Cost Valuation 1 June 2010
GBP'000 GBP'000 GBP'000
VCT Qualifying Investments
West Tower Holdings Limited 1,750 1,750 -
Heyford Contracting (South) Limited 1,500 1,350 -
Heyford Contracting (North) Limited 500 453 -
Hoole Hall Spa and Leisure Club Limited 1,000 1,000 -
Hoole Hall Country Club Holdings Limited 875 875 -
Coast Contractors Limited 1,119 169 -
Future Films Production Services Limited 348 348 -
-----------------------------------
7,092 5,945 -
-----------------------------------
Non Qualifying Investments
Aminghurst Limited 993 993 -
Vermont Developments Limited 902 50 -
Sanguine Hospitality Limited 243 243 -
Heyford Contracting (South) Limited 150 150 -
Chapel Street Hotel (2008) LLP 63 126 -
Chapel Street Hotel Limited 2 2 -
-----------------------------------
2,353 1,564 -
-----------------------------------
9,445 7,509 -
Investment additions during the 3 months ended 31 August 2010
The company made no additions in the three months ended 31 August 2010, or in
the period from 1 September 2010 to the date of this announcement.
Investment disposals during 3 months ended 31 August 2010
Gain/ Total
Market (loss) realised
value at Disposal against gain/
Cost 1 June 2010 Proceeds cost (loss)
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Future Films Production Services
Limited 25 25 25 - -
Heyford Contracting (North)
Limited 538 538 538 - -
-----------------------------------------------
563 563 563 - -
Future Films Production Services Limited repaid loan stock of GBP100,000 since 1
September 2010.
Changes to share capital
There have been no changes in share capital during the 3 months from 1 June
2010 to 31 August 2010 or in the period from 1 September 2010 to the date of
this announcement.
Material events
Other than described above, there were no material events during the three
months from 1 June 2010 to 31 August 2010 or in the period from 1 September
2010 to the date of this announcement.
Website
Financial reports and other information regarding the Company can be found at
www.downing.co.uk.
[HUG#1453184]
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
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