DOWNING PLANNED EXIT VCT 9 PLC : Interim Management Statement
01 May 2012 - 1:06AM
UK Regulatory
TIDMDPV9
Downing Planned Exit VCT 9 plc
Interim Management Statement
for the quarter ended 31 March 2012
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 2012. 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
2012 2011 2011
Pence Pence Pence
Net Asset Value per Ordinary Share 82.6 82.3 84.7
Net Asset Value per 'A' Share 0.1 0.1 0.1
Cumulative distributions per Ordinary Share and 'A' 7.5 7.5 7.5
Share
Total Return * 90.2 89.9 92.3
* Net asset value of one Ordinary Share and one 'A' Share plus cumulative
dividends paid to date thereon
Dividend
On 25 April 2011 the Company declared a final dividend in respect of the year
ended 31 December 2011 of 2.5p per share to be paid on 29 June 2011, subject to
shareholder approval at the Annual General Meeting on 26 June 2011.
Investment portfolio summary at 31 March 2012
Portfolio investments by value
Movement
Cost Valuation in period
GBP'000 GBP'000 GBP'000
Qualifying venture capital investments
Crossco (1135) Limited t/a Kingsclere Nurseries 998 1,081 -
Hoole Hall Country Club Holdings Limited 750 817 -
Cadbury House Holdings Limited 700 763 -
West Tower Holdings Limited 1,150 750 -
Hoole Hall Spa and Leisure Club Limited 562 613 -
The Thames Club Limited 1,075 455 -
Horsham Bowl Limited 600 420 -
Chapel Street Food & Beverage Limited 50 50 -
Chapel Street Services Limited 50 50 -
-
--------------------------
5,935 4,999 -
--------------------------
Non qualifying venture capital investments
Kings Gap Limited 400 400 -
Future Biogas (SF) Limited 350 350 -
Hoole Hall Country Club Holdings Limited 344 344 -
Horsham Bowl Limited 261 261 -
Snow Hill Developments LLP 250 250 -
Fenkle Street LLP 92 92 -
Sanguine Hospitality Limited 50 50 -
Chapel Street Hotel Limited 2 2 -
--------------------------
1,749 1,749 -
--------------------------
Total 7,684 6,748 -
--------------------------
Investment additions and disposals
There have been no additions during the three months ended 31 March 2012.
Investment disposals during the 3 months ended 31 March 2012
Cost
GBP'000
Sanguine Hospitality Limited 6
--------
Investment additions in the period from 1 April 2012 to the date of this
announcement
Cost
GBP'000
The Thames Club Limited 25
--------
Investment disposals in the period from 1 April 2012 to the date of this
announcement
Cost
GBP'000
Sanguine Hospitality Limited 50
--------
Changes to share capital
There have been no changes to the share capital during the period or in the
period since 1 April 2012 to the date of this announcement.
Material events
Other than described above, there were no material events during the period from
1 January 2012 to 31 March 2012 or in the period from 1 April 2012 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
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