Interim Management Statement

 
TIDMDPV5 
 
Downing Planned Exit VCT 5 plc 
Interim Management Statement for the three months ended 28 February 2011 
 
In  accordance with Rule 4.3 of the Disclosure  and Transparency Rules of the UK 
Listing Authority, Downing Planned Exit VCT 4 plc presents an Interim Management 
Statement for the three month period ended 28 February 2011.  The statement also 
includes  relevant financial information  between the end  of the period and the 
date of this statement. 
 
Dividends paid or declared in the period 
No dividends have been paid or declared in the three months to 28 February 2011 
or in the period from 1 March 2011 to the date of this announcement. 
 
Performance 
                              28      30      31 
                             Feb     Nov     Aug 
                            2011    2011    2010 
 
                           Pence   Pence   Pence 
 
 Net Asset Value ("NAV")    34.5    34.5    38.2 
 
 Cumulative Dividends       56.0    56.0    56.0 
 
 Total Return *             90.5    90.5    94.4 
 
*NAV plus cumulative dividends paid since launch 
 
Investment portfolio summary at 28 February 2011 
                                                                  Valuation 
                                                                   movement 
                                                                      since 
                                                                 1 December 
                                              Cost   Valuation         2010 
 
                                              GBP'000        GBP'000         GBP'000 
 
 VCT Qualifying Investments 
 
 
 
 West Tower Holdings Limited                 1,750       1,750            - 
 
 Coast Contractors Limited                   1,755       1,279            - 
 
 Heyford Contracting (South) Limited         1,500       1,050            - 
 
 Hoole Hall Spa and Leisure Club Limited     1,000       1,000            - 
 
 Hoole Hall Country Club Holdings Limited      875         875            - 
 
 Future Films Production Services Limited      128         128            - 
                                          ---------------------------------- 
                                             7,008       6,082            - 
                                          ---------------------------------- 
 Non Qualifying Investments 
 
 
 
 Sanguine Hospitality Limited                  243         238            - 
 
 Heyford Contracting (South) Limited           150         150            - 
 
 Chapel Street Hotel (2008) LLP                 63         126            - 
 
 Vermont Developments Limited                  902          50            - 
 
 Chapel Street Hotel Limited                     2           2            - 
 
 Aminghurst Limited                            993           -            - 
                                          ---------------------------------- 
                                             2,353         566            - 
                                          ---------------------------------- 
 
 
                                             9,361       6,648            - 
 
 
 
 
 
 
Investment additions during the 3 months ended 28 February 2011 
 
                               GBP'000 
 
 Coast Constructors Limited     636 
 
 
Investment disposals during 3 months ended 28 February 2011 
 
                                                                  Gain/    Total 
                                              Market             (loss) realised 
                                            value at  Disposal  against    gain/ 
                                    Cost  1 Dec 2010  Proceeds     cost   (loss) 
 
                                    GBP'000        GBP'000      GBP'000     GBP'000     GBP'000 
 
Future Films Production Services 
Limited                               14          14        14        -        - 
                                  ---------------------------------------------- 
                                      14          14        14        -        - 
 
 
No  additions or disposals were made in the period from 1 March 2011 to the date 
of this announcement. 
 
Changes to share capital 
There  have been no changes in share capital during the 3 months from 1 December 
2010 to  28 February 2011 or in the period from 1 March 2011 to the date of this 
announcement. 
 
AGM 
The  Company has announced that its fifth  AGM will take place on 19 May 2011. A 
resolution  will be put  to Shareholders at  the AGM proposing  that the Company 
discontinue  as a VCT. If  the resolution is passed,  the Directors will draw up 
proposals  for the voluntary liquidation, reconstruction or other reorganisation 
of  the Company, to be submitted to  Shareholders within nine months of the date 
of the AGM. 
 
Material events 
Other  than  described  above,  there  were  no material events during the three 
months  from 1 December 2010 to  28 February 2011 or in  the period from 1 March 
2011 to the date of this announcement. 
 
Website 
Financial  reports and other  information regarding the  Company can be found at 
www.downing.co.uk. 
 
 
 
 
 
 
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 5 PLC via Thomson Reuters ONE 
 
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