Company: Downing Protected VCT VI plc
TIDMs: DPV6
Headline: Interim Management Statement
Downing Protected VCT VI plc
Interim Management Statement
for the quarter ended 31 October 2009
In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK
Listing Authority,Downing Protected VCT VI plc presents an Interim Management
Statement for the quarter ended 31 October 2009. 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
There were no dividends paid or declared in the period or in the period from 1
November 2009 to the date of thisannouncement.
Performance
31 Oct 31 July 31 Jan
2009 2009 2009
Pence Pence Pence
Net Asset Value per Ordinary Share 85.45 87.20 92.00
Net Asset Value per ?A? Share 0.10 0.10 0.10
Dividends paid to date 3.75 3.75 1.75
Total return* per Ordinary Share and ?A? Share 89.30 91.05 93.85
* Net Asset Value plus cumulative dividends paid since launch
Investment portfolio summary at 31 October 2009
Portfolio investments by value
Movement
from
1 Aug 2009 to
Cost Valuation 31 Oct 2009
£?000 £?000 £?000
Qualifying venture capital investments
Cadbury House Limited 1,000 1,000 -
The Thames Club Limited 1,000 850 -
West TowerHoldings Limited 1,150 750 (250)
Hoole Hall Country Club Holdings Limited 750 750 -
Crossco (1135) Ltd - Kingsclere Nurseries 665 665 -
Hoole Hall Spa and Leisure Club Limited 563 563 -
Future Films Production Services Limited 450 450 -
Richstone Contracting Limited 122 32 -
------- ----------- ----------------
5,700 5,060 (250)
------- ----------- ----------------
Non qualifying venture capital investments
Kings Gap Limited 400 400 -
JEB Leisure Limited 288 288 -
Sanguine Hospitality Limited 250 250 -
Aminghurst Limited 208 208 -
Cannock Developments (Field End) LLP 125 125 -
Cadbury House Limited 75 75 -
Chapel Street Hotel (2008) LLP 31 31 -
Vermont Development Limited 452 25 -
Chapel Street Hotel Limited 1 1 -
------- ----------- ----------------
1,830 1,403 -
------- ----------- ----------------
Total 7,530 6,463 (250)
Investment additions and disposals
Investment additions during the quarter ended 31 October 2009
Cost
£?000
Hoole Hall Spa and Leisure Club Limited 563
---------
563
Investment disposals during the quarter ended 31 October 2009
Market
value at Gain Total
1 Aug 2009 Disposal against realised
Cost proceeds cost gain
£?000 £?000 £?000 £?000 £?000
Future Films Production Services
Limited 600 600 614 14 14
JEB Leisure Limited 8 8 8 - -
Coastal Partnerships Limited 75 75 109 34 34
Liongold Contracting Limited 434 434 434 - -
Downing Acquisitions 1 Ltd 188 188 188 - -
----------------------------------------------
1,305 1,305 1,353 48 48
Between the 1 November 2009 and the date of this announcement, the following
addition has been made:
Cost
£?000
Cadbury House Holdings Limited** 1,300
---------
1,300
Between the1 November 2009 and the date of this announcement, the following
disposals have been made:
Market
value at Gain Total
1 Nov 2009 Disposal against realised
Cost proceeds cost gain
£?000 £?000 £?000 £?000 £?000
Loan Stock redemptions
Cadbury House Limited** 1,075 1,075 1,075 - -
JEB Leisure Limited 4 4 4 - -
----------------------------------------------
1,079 1,079 1,079 - -
**The investment in Cadbury House Limited was realised as part of a
reorganisation whereby Cadbury House Holdings Limited became the holding company
of Cadbury House Limited.
Changes to share capital
There have been no changes to the share capital during the period.
Materialevents
Other than described above, there were no material events during the period from
1August 2009 to 31 October 2009 or in the period from 1 November 2009 to the
date of this announcement.
[HUG#1363399]