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 2013 
 
   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 2013. 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 2 May 2013, the Company declared a final dividend of 4.0p per 
Ordinary Share payable, subject to Shareholder approval, on 28 June 2013 
to Shareholders on the register at 31 May 2013. 
 
   Performance 
 
 
 
 
                                       30 Apr     31 Jan 
                                        2013       2013 
                                      Unaudited   Audited 
                                       Pence      Pence 
net asset value per Ordinary Share         69.0      68.2 
Dividends paid to date                     9.75      9.75 
Total return* per Ordinary Share          78.75     77.95 
 
 
 
   * net asset value plus cumulative dividends paid since launch 
 
   Investment portfolio summary at 30 April 2013 
 
   Portfolio investments by value 
 
 
 
 
                                                                   Movement 
                                                                     from 
                                                                 1 Feb 2013 to 
                                             Cost    Valuation   30 April 2013 
                                            GBP'000   GBP'000      GBP'000 
Qualifying venture capital investments 
Cadbury House Holdings Limited                1,300      1,417               - 
Hoole Hall Country Club Holdings Limited        750        817               - 
Crossco (1135) Ltd                              665        753               - 
Gatewales Limited                               750        750               - 
Coast Constructors Limited                      933        125               - 
Hoole Hall Spa and Leisure Club Limited         563        613               - 
The Thames Club Limited                       1,100        350               - 
                                              6,061      4,825               - 
Non qualifying venture capital investments 
Snow Hill Developments LLP                      250        250               - 
The Meredith Pub Group Limited                  105        105               - 
Fenkle Street LLP                                38         38               - 
Vermont Development Limited                     451         25               - 
Aminghurst Limited                              207          -               - 
The Thames Club Limited                          25          -               - 
                                              1,076        418               - 
 
Total                                         7,137      5,243               - 
 
 
 
   Investment additions and disposals 
 
   Investment additions during the quarter ended 30 April 2013 
 
   There were no investment additions made in the period from 1 February 
2013 to 30 April 2013. 
 
   Between the 1 May 2013 and the date of this announcement there were no 
investment additions. 
 
   Investment disposals during the quarter ended 30 April 2013 
 
 
 
 
                                      Market 
                                      value at               Gain      Total 
                                       1 Feb    Disposal    against   realised 
                             Cost       2013     proceeds    cost       gain 
                            GBP'000   GBP'000    GBP'000   GBP'000    GBP'000 
The Meredith Pub Group 
 Limited                         15         15         15         -          - 
                                 15         15         15         -          - 
 
 
 
   Between the 1 May 2013 and the date of this announcement there were no 
investment disposals. 
 
   Changes to share capital 
 
 
 
 
                                     Ordinary Shares of 
                                              0.1p each 
                                     Shares     GBP'000 
As at 1 February 2013                8,959,484        9 
Shares bought back and cancelled             -        - 
As at 30 April 2013                  8,959,484        9 
 
 
   Material events 
 
   Other than described above, there were no material events during the 
period from 1 February 2013 to 30 April 2013 or in the period from 1 May 
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 7 PLC via Thomson Reuters ONE 
 
   HUG#1707852