Interim Management Statement
May 16 2011 - 7:42AM
UK Regulatory
TIDMDPV9
Downing Planned Exit VCT 9 plc
Interim Management Statement
for the quarter ended 31 March 2011
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority, Downing Planned Exit VCT 9 plc presents an Interim Management
Statement for the quarter ended 31 March 2011. 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
2011 2010 2010
Pence Pence Pence
Net Asset Value per Ordinary Share 83.8 83.8 80.4
Net Asset Value per 'A' Share 0.1 0.1 0.1
Cumulative distributions per Ordinary Share and 'A' 5.0 5.0 5.0
Share
Total Return * 88.9 88.9 85.5
* Net asset value of one Ordinary Share and one 'A' Share plus cumulative
dividends paid to date thereon
Dividend
On 18 April 2011 the Company declared a final dividend in respect of the year
ended 31 December 2010 of 2.5p per share to be paid on 3 June 2011, subject to
shareholder approval at the Annual General Meeting on 19 May 2011.
Investment portfolio summary at 31 March 2011
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 -
Hoole Hall Country Club Holdings Limited 750 806 -
West Tower Holdings Limited 1,150 750 -
Cadbury House Holdings Limited 700 750 -
Thames Club Limited 1,075 725 -
Hoole Hall Spa and Leisure Club Limited 562 605 -
Horsham Bowl Limited 600 420 -
Chapel Street Food & Beverage Limited 50 50 -
Chapel Street Services Limited 50 50 -
-
------- ----------- ----------
5,935 5,154 -
------- ----------- ----------
Non qualifying venture capital investments
Kings Gap Limited 400 400 -
Hoole Hall Country Club Holdings Limited 344 344 -
Horsham Bowl Limited 261 261 -
Sanguine Hospitality Limited 250 250 -
Bijou Wedding Venues Limited 100 100 -
Fenkle Street LLP 92 92 -
Chapel Street Hotel Limited 2 2
------- ----------- ----------
1,449 1,449 -
------- ----------- ----------
Total 7,384 6,603 -
Investment additions and disposals
Investment additions during the 3 months ended 31 March 2011 Cost
GBP'000
Thames Club Limited 25
--------
25
Investment disposals during the 3 months ended 31 March 2011
Cost
GBP'000
Fenkle Street LLP 308
Fenkle Street Developments LLP 20
--------
328
There have been no additions or disposals during the period from 1 April 2011 to
the date of this announcement.
Changes to share capital
There have been no changes to the share capital during the period or in the
period since 1 April 2011 to the date of this announcement.
Material events
Other than described above, there were no material events during the period from
1 January 2011 to 31 March 2011 or in the period from 1 April 2011 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 PLANNED EXIT VCT 9 PLC via Thomson Reuters ONE
[HUG#1516198]
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