Interim Management Statement
May 19 2010 - 1:34PM
UK Regulatory
TIDMDPV9
Downing Protected VCT IX plc
Interim Management Statement
for the quarter ended 31 March 2010
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Downing Protected VCT IX plc presents an Interim Management
Statement for the quarter ended 31 March 2010. The statement also includes
relevant financial information between the end of the period and the date of
this statement.
Performance
31 March 31 Dec 30 June
2010 2009 2009
Pence Pence Pence
Net Asset Value per Ordinary Share 88.7 88.1 90.8
Net Asset Value per 'A' Share 0.1 0.1 0.1
Cumulative distributions per Ordinary Share and 'A' 2.5 2.5 2.5
Share
Total Return * 91.3 90.7 93.4
* Net asset value of one Ordinary Share and one 'A' Share plus cumulative
dividends paid to date thereon
Investment portfolio summary at 31 March 2010
Portfolio investments by value
Movement
Cost Valuation in period
GBP'000 GBP'000 GBP'000
Qualifying venture capital investments
Crossco (1135) Limited (t/a Complete Childcare) 998 998 -
Thames Club Limited 1,000 850 -
West Tower Holdings Limited 1,150 750 -
Hoole Hall Country Club Holdings Limited 750 750 -
Cadbury House Holdings Limited 700 700 -
Horsham Bowl Limited 600 600 -
Hoole Hall Spa and Leisure Club Limited 562 562 -
Chapel Street Food & Beverage Limited 50 50 -
Chapel Street Services Limited 50 50 -
Chapel Street Hotel Limited 2 2 -
--------------------------
5,862 5,312 -
--------------------------
Non qualifying venture capital investments
Bowman Care Homes Limited 600 600 -
Kings Gap Limited 400 300 -
Hoole Hall Country Club Holdings Limited 344 344 -
Horsham Bowl Limited 261 261 -
Sanguine Hospitality Limited 250 250 -
Bijou Wedding Venues Limited 100 100 -
--------------------------
1,955 1,855 -
--------------------------
Total 7,817 7,167 -
Investment additions and disposals
Investment additions during the 3 months ended 31 March 2010 Cost
GBP'000
Bowman Care Homes Limited 600
Chapel Street Food & Beverage Limited 50
Chapel Street Services Limited 50
Chapel Street Hotel Limited 2
--------
702
Investment disposals during the 3 months ended 31 March 2010 Cost
GBP'000
Pocket Living (Bath Road) Limited 448
--------
448
There have been no additions or disposals during the period from 1 April 2010 to
the date of this announcement.
Changes to share capital
There have been no changes to the share capital during the period.
Material events
Other than described above, there were no material events during the period from
1 January 2010 to 31 March 2010 or in the period from 1 April 2010 to the date
of this announcement.
[HUG#1417388]
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