Downing Plan VCT 7 Downing Planned Exit Vct 7 Plc : Interim Management Statement

 
TIDMDPV7 
 
   Downing Planned Exit VCT 7 plc 
 
   Interim Management Statement 
 
   for the quarter ended 30 April 2014 
 
   In accordance with Rule 4.3 of the Disclosure and Transparency Rules of 
the UK Listing Authority, Downing Planned Exit VCT 7 plc presents an 
Interim Management Statement for the quarter ended 30 April 2014. The 
statement also includes relevant financial information between the end 
of the period and the date of this announcement. 
 
   Dividends paid or declared in the period 
 
   On 22 May 2014, the Company declared a final dividend of 4.0p per 
Ordinary Share payable, subject to Shareholder approval, on 25 July 2014 
to Shareholders on the register at 20 June 2014. 
 
   Performance 
 
 
 
 
                           30 Apr     31 Jan 
                            2014       2014 
                          Unaudited   Audited 
                           Pence      Pence 
Net asset value               63.10     63.10 
Dividends paid to date        13.75     13.75 
Total return*                 76.85     76.85 
 
 
   * net asset value plus cumulative dividends paid since launch 
 
   Investment portfolio summary at 30 April 2014 
 
   Portfolio investments by value 
 
 
 
 
                                                                   Movement 
                                                                     from 
                                                                 1 Feb 2014 to 
                                             Cost    Valuation    30 Apr 2014 
                                            GBP'000   GBP'000      GBP'000 
Qualifying venture capital investments 
Hoole Hall Country Club Holdings Limited        750        818               - 
Cadbury House Holdings Limited                  654        771               - 
Hoole Hall Spa and Leisure Club Limited         563        613               - 
The Thames Club Limited                       1,075        280               - 
Gatewales Limited                               242        242               - 
Coast Constructors Limited                      933          -               - 
                                              4,217      2,724               - 
Non qualifying venture capital investments 
Snow Hill Developments LLP                      250        250               - 
Moebius Two Limited                             127        127               - 
Fenkle Street LLP                                38         38               - 
Vermont Development Limited                     451         25               - 
Aminghurst Limited                              207          -               - 
The Thames Club Limited                          50          -               - 
                                              1,123        440               - 
 
Total                                         5,340      3,164               - 
 
 
   Investment additions and disposals 
 
   Investment additions during the quarter ended 30 April 2014 
 
   There were no investment additions made in the period from 1 February 
2014 to 30 April 2014. 
 
   Investment disposals during the quarter ended 30 April 2014 
 
   There were no investment disposals made in the period from 1 February 
2014 to 30 April 2014. 
 
   There have been no disposals or additions in the period from 1 May 2014 
to the date of this announcement. 
 
   Changes to share capital 
 
 
 
 
                                     Ordinary Shares of 
                                              0.1p each 
                                     Shares     GBP'000 
As at 1 February 2014                6,075,039        6 
Shares bought back and cancelled             -        - 
As at 30 April 2014                  6,075,039        6 
 
 
   On 19 June 2014, 51,447 Ordinary Shares were bought back and 
subsequently cancelled. As at the date of this announcement Downing 
Planned Exit VCT 7 plc had 6,023,592 shares in issue. 
 
   Material events 
 
   Other than described above, there were no material events during the 
period from 1 February 2014 to 30 April 2014 or in the period from 1 May 
2014 to the date of this announcement. 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Downing Planned Exit VCT 7 PLC via Globenewswire 
 
   HUG#1796931