Interim Management Statement
(Thomson Reuters ONE) - Downing Planned Exit VCT 2 plcInterim Management Statementfor the quarter ended 31 October 2009In accordance with Rule 4.3 of the Disclosure and Transparency Rulesof the UK Listing Authority, Downing Planned Exit VCT 2 plc presentsan Interim Management Statement for the quarter period ended 31October 2009. The statement also includes relevant financialinformation between the end of the period and the date of thisstatement.Change of NameOn 8 December 2009, the Company changed its name from DowningProtected VCT II plc to Downing Planned Exit VCT 2 plc.Dividends paid or declared in the periodOn 2 August 2009, the Company declared a capital dividend of 8.0p perOrdinary share which was paid on 28 August 2009.PerformanceOrdinary shares 31 Oct 2009 31 July 2009 31 Jan 2009 Pence Pence PenceNet Asset Value ("NAV") per 1.2 9.4 36.5Ordinary shareCumulative dividends per 89.0 81.0 60.0Ordinary shareTotal return per Ordinary share* 90.2 90.4 96.5'C' shares 31 Oct 31 July 2009 31 Jan 2009 2009 Pence Pence PenceNAV per 'C' share 95.6 94.6 94.4NAV per 'A' share 0.1 0.1 0.1Total Return per 'C' share and 'A' share* 95.7 94.7 94.5* NAV plus cumulative dividends paid to dateInvestment portfolio summary at 31 October 2009Portfolio investments by valueOrdinary share pool Movement from 1 Aug 2009 to Valuation 31 Oct 2009 £'000 £'000Non qualifying venture capitalinvestmentsChapel Street Hotel (2008) LLP 32 -Vermont Development Limited 25 -Sanguine Hospitality Limited 5 -Total 62 -'C' share pool Movement from 1 Aug 2009 to Valuation 31 Oct 2009 £'000 £'000Qualifying venture capital investmentsWestow House Limited 304 -Atlantic Dogstar Limited 162 -East Dulwich Tavern Limited 344 -Bijou Wedding Venues Limited 665 - 1,475 -Non qualifying venture capitalinvestmentsHoole Hall Country Club Holdings Limited 1,207 -Liongold Acquisitions Limited 1,000 -Thames Club 500 -Honeycombe Pubs VCT plc 175 -Close Imperial Pub Company 175 -Lilliput Development LLP 742 -Bijou Wedding Venues Limited 350 - 4,149 -Total 5,624 -Investment additionsThe Ordinary share pool made no investment additions or disposalsduring the three months ended 31 October 2009, or in the period from1 November 2009 to the date of this announcement. The C Share pooladditions are summarised as follows:'C' share investment additions during the 3 months ended 31 CostOctober 2009 £'000Lilliput Development LLP 742Bijou Wedding Venues Limited 1,015Westow House Limited 304Atlantic Dogstar Limited 162East Dulwich Tavern Limited 344 2,567'C' Share investment disposals during the three months to 31 October2009 Market Gain Total value at Disposal against realised Cost 1 Aug 2009 proceeds cost gain £'000 £'000 £'000 £'000 £'000Coastal Partnerships Ltd 330 330 330 - -Downing Acquisition 1Limited 750 750 750 - - 1,030 1,030 1,030 - -Changes to share capitalShare capital movements in the period are summarised as follows: 'Ordinary' Shares 'C' Shares 'A' Shares of 1p each of 0.1p each of 0.1p each Shares £'000 Shares £'000 Shares £'000As at 31 July 2009 9,994,968 100 6,881,078 7 14,381,078 15Shares issued - - 293,968 - 293,968 -As at 31 October 9,994,968 100 7,175,046 7 14,675,046 152009Since the period end, the Company repurchased 8,240 'C' and 'A'Shares at a price of 86.0 pence per share.Material eventsOther than described above, there were no material events during theperiod from 1 August 2009 to 31 October 2009 or in the period from 1November 2009 to the date of this announcement.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 15.12.2009 - 19:04 Uhr
Sprache: Deutsch
News-ID 9646
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