Downing Plan VCT 6 Downing Planned Exit Vct 6 Plc : Interim Management Statement
December 19 2013 - 11:36AM
UK Regulatory
TIDMDPV6
Downing Planned Exit VCT 6 plc
Interim Management Statement
for the quarter ended 31 October 2013
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of
the UK Listing Authority, Downing Planned Exit VCT 6 plc presents an
Interim Management Statement for the quarter ended 31 October 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
No dividends have been paid or declared in the quarter ended 31 October
2013.
Performance
31 Oct 31 Jul 31 Jan
2013 2013 2013
Unaudited Unaudited Audited
Pence Pence Pence
Net asset value 65.10 64.80 68.20
Dividends paid to date 13.75 13.75 9.75
Total return* 78.85 78.55 77.95
* net asset value plus cumulative dividends paid since launch
Investment portfolio summary at 31 October 2013
Portfolio investments by value
Movement
from
1 Aug 2013 to
Cost Valuation 31 Oct 2013
GBP'000 GBP'000 GBP'000
Qualifying venture capital investments
Hoole Hall Country Club Holdings Limited 750 817 -
Cadbury House Holdings Limited 654 771 -
Hoole Hall Spa and Leisure Club Limited 563 613 -
The Thames Club Limited 1,075 350 -
Gatewales Limited 242 242 -
Coast Constructors Limited 933 - -
4,217 2,793 -
Non qualifying venture capital investments
Snow Hill Developments LLP 250 250 -
Moebius Two Limited 157 157 -
Fenkle Street LLP 38 38 -
Vermont Development Limited 451 25 -
Aminghurst Limited 207 - -
The Thames Club Limited 50 - -
1,153 470 -
Total 5,370 3,263 -
Investment additions and disposals
Investment additions during the quarter ended 31 October 2013
There were no investment additions made in the period from 1 August 2013
to 31 October 2013.
Investment disposals during the quarter ended 31 October 2013
Value at Gain Total
1 Feb Disposal against realised
Cost 2013 proceeds cost gain
GBP'000 GBP'000 GBP'000 GBP'000 GBP'000
Cadbury House Holdings
Limited 646 646 646 - -
646 646 646 - -
There have been no disposals or additions in the period from 1 November
2013 to the date of this announcement.
Changes to share capital
Ordinary Shares of
0.1p each
Shares GBP'000
As at 1 August 2013 8,704,741 9
Shares bought back and cancelled - -
As at 31 October 2013 8,704,741 9
Tender Offer
On 27 November 2013, the Board of Downing Planned Exit VCT 6 plc issued
proposals to undertake a tender offer to purchase up to 3,072,197 shares
at latest net assets value less an adjustment for costs of the Tender
Offer. The closing date for applications is Friday 209 December and
results are expected to be announced on 23 December 2013.
Material events
Other than described above, there were no material events during the
period from 1 August 2013 to 31 October 2013 or in the period from 1
November 2013 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 6 PLC via Globenewswire
HUG#1751363
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