Downing P.E VCT 8 Downing Planned Exit Vct 8 Plc : Interim Management Statement

 
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   Downing Planned Exit VCT 8 plc 
 
   Interim Management Statement 
 
   for the quarter ended 30 September 2013 
 
   In accordance with Rule 4.3 of the Disclosure and Transparency Rules of 
the UK Listing Authority, Downing Planned Exit VCT 8 plc presents an 
Interim Management Statement for the quarter ended 30 September 2013. 
The statement also includes relevant financial information between the 
end of the period and the date of this statement. 
 
   Performance 
 
 
 
 
                                                      30 September   30 June     31 Dec 
                                                          2013         2013       2012 
                                                        Unaudited    Unaudited   Audited 
                                                         Pence        Pence      Pence 
Net asset value per Ordinary Share                            56.4        77.4      80.1 
Net asset value per 'A' Share                                  0.1         0.1       0.1 
Cumulative distributions per Ordinary Share and 'A' 
 Share                                                        34.0        12.5      10.0 
Total Return *                                                90.5        90.0      90.2 
 
 
 
   * Net asset value of one Ordinary Share and one 'A' Share plus 
cumulative dividends paid to date thereon 
 
   Dividend 
 
   On 30 September 2013 the Company paid a special dividend of 21.5p per 
share to Shareholders on the register at 13 September 2013 out of the 
proceeds of investment realisations. 
 
   Investment portfolio summary at 30 September 2013 
 
   Portfolio investments by value 
 
 
 
 
                                                                  Movement 
                                              Cost    Valuation   in period 
                                             GBP'000   GBP'000    GBP'000 
Qualifying venture capital investments 
Hoole Hall Country Club Holdings Limited*      1,094      1,161           - 
Hoole Hall Spa and Leisure Club Limited          562        613           - 
Horsham Bowl Limited*                            861        471           - 
Cadbury House Holdings Limited                   352        415           - 
The Thames Club Limited*                       1,125        350           - 
Gatewales Limited                                242        242           - 
Chapel Street Food and Beverage Limited           50         26           - 
Chapel Street Services Limited                    50         26           - 
                                               4,336      3,304           - 
Non qualifying venture capital investments 
Future Biogas (SF) Limited                       350        350           - 
Southampton Hotel Developments Limited           300        300           - 
Snow Hill Developments LLP                       250        250           - 
Moebius Two Limited                              236        236           - 
Dominions House Limited                           89         89           - 
Fenkle Street LLP                                 77         77           - 
Chapel Street Hotel Limited                        2          1           - 
                                               1,304      1,303           - 
 
Total                                          5,640      4,607           - 
 
 
 
   * partly non-qualifying 
 
   Investment additions and disposals 
 
   Investment additions made during the 3 months ended 30 September 2013 
 
 
 
 
                       Cost 
                      GBP'000 
 
Moebius Two Limited       236 
 
 
 
   Investment disposals during the 3 months ended 30 September 2013 
 
 
 
 
                                      Value                  Gain      Total 
                                      as at     Disposal    against   realised 
Disposal                   Cost     1 Jan 2013   proceeds    cost       gain 
                          GBP'000    GBP'000     GBP'000   GBP'000    GBP'000 
 
Brunswick International 
 Associates Limited             -            -         45        45         45 
Cadbury House Holdings 
 Limited                      348          348        348         -          - 
Crossco (1135) Ltd - 
 Kingsclere Nurseries         998        1,129      1,189       191         60 
Gatewales                     508          508        508         -          - 
 
Total                       1,854        1,985      2,090       236        105 
 
 
 
   There have been no disposals or additions in the period from 1 October 
2013 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 October 2013 to the date of this announcement. 
 
   Material events 
 
   Other than described above, there were no material events during the 
period from 1 July 2013 to 30 September 2013 or in the period from 1 
October 2013 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 8 plc via Thomson Reuters ONE 
 
   HUG#1744342