CR5 Core Vct V

 
TIDMCR5 
 
From:                Core VCT V PLC 
Date:                12 October 2010 
 
 
Interim Management Statement for the quarter ended 30 September 2010 
 
 
Quarterly Management Review 
Set out below is the interim management statement ("IMS") for the period from 1 
July 2010 to 30 September 2010, which contains information that covers this 
period, and up to the date of publication of this IMS.  Core VCT V plc is 
publishing this IMS in accordance with DTR 4.3 of the FSA Handbook. 
 
This IMS has been produced solely to provide additional information to 
shareholders as a body to meet the relevant requirements of the UK Listing 
Authority's Disclosure and Transparency Rules.  It should not be relied upon by 
any other party or for any other purpose. 
 
Performance Summary 
                                       30 September        30 June 
                                               2010           2010 
 
  Net asset value per share             82.06 pence    81.90 pence 
 
  Total return to date per share[1]     89.56 pence    89.40 pence 
 
  Share price (mid market)              60.00 pence    60.00 pence 
 
  Cumulative dividends paid              7.50 pence     7.50 pence 
 
 
[1] Total return per share comprises closing net asset value per share plus 
cumulative dividends per share paid to date. 
 
Investments 
During the quarter ended 30 September 2010, the Company has invested a further 
 GBP78,125, by way of a loan note, in Georgina Goodman. 
 
During the same period, the listed portfolio was fully realised generating 
proceeds of  GBP203,000. 
 
The cash balance at the end of the quarter was  GBP1,592,000 or 17.6% of net 
assets. 
 
Top Holdings as % of Net Assets 
 
                                           30 September    30 June 
                                                   2010       2010 
 
  Colway Limited                                  17.9%      17.9% 
 
  Allied International Holdings Limited           16.6%      16.6% 
 
  Camwatch Limited                                13.0%      13.0% 
 
  Brasserie Holdings Limited                      11.1%      11.1% 
 
  Ark Home Healthcare Limited                     11.1%      11.1% 
 
  Core Mezz II Limited                            11.1%      11.1% 
 
  Georgina Goodman Limited                         2.2%       1.4% 
 
 
Share Capital 
The Company has not issued or bought back any shares during the period.  The 
Company's issued share capital currently stands at 11,024,969 ordinary shares. 
 
As is common in Venture Capital Trusts, there is little if any liquidity in the 
Company's shares, and although the Directors are able to buy back shares within 
certain constraints, this is intended for use only in exceptional circumstances. 
 Accordingly, those investors who seek to realise value by selling their shares 
in the secondary market are likely to suffer a significant discount and 
potential loss of value.  Shareholders might consider holding their shares with 
a view to benefiting from future realisations. 
 
Outlook 
We hope to deploy the remaining cash resources in the coming months.  With the 
investment programme now almost complete, our focus is managing the existing 
portfolio.  The average age of the portfolio is still relatively young, and in 
general our approach is to continue to hold our investments as they increase in 
scale and as market conditions for exits improve. 
 
For further information please contact: 
 
Stephen Edwards, Core Capital LLP:  020 3179 0915 
Rhonda Nicoll, Company Secretary:  020 3179 0930 
 
 
[HUG#1451191] 
 
 
 
 
 
 
 
 
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: Core VCT V plc via Thomson Reuters ONE 
 

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