Interim Management Statement
(Thomson Reuters ONE) - Downing Planned Exit VCT III 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 II 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 iII plc to Downing Planned Exit VCT 3 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 9.3 36.3Ordinary shareCumulative dividends per 89.0 81.0 60.0Ordinary shareTotal return per Ordinary share* 90.2 90.3 96.3'C' shares 31 Oct 31 July 2009 2009 Pence PenceNAV per 'C' share 95.6 94.2NAV per 'A' share 0.1 0.1Total Return per 'C' share and 'A' share* 95.7 94.3* NAV plus cumulative dividends paid since launchInvestment 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 2009Qualifying venture capital investments £'000 £'000Westow 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 shares made no investment additions or disposals duringthe three months ended 31 October 2009, or in the period from 1November 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 £'000Downing Acquisition 1 Limited 375Lilliput Development LLP 742Bijou Wedding Venues Limited 1,015Westow House Limited 304Atlantic Dogstar Limited 162East Dulwich Tavern Limited 344 2,942'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 £'000Downing Acquisition 1Limited 375 375 375Coastal Partnerships Ltd 330 330 330 - - 705 705 705 - -Changes to share capital '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 10,064,617 101 6,777,113 7 14,277,113 15Shares issued - - 396,263 - 396,263 -As at 31 October 10,064,617 101 7,173,376 7 14,673,376 152009Material 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 - 19:07 Uhr
Sprache: Deutsch
News-ID 9647
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