Downing Protected VCT VII plc
Interim Management Statement
for the quarter ended 30 April 2009
In accordance with Rule 4.3 of the Disclosure and Transparency Rules
of the UK Listing Authority, Downing Protected VCT VII plc presents
an Interim Management Statement for the quarter ended 30 April 2009.
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
On 29 May 2009, the Company declared a final dividend of 2.0p per
Ordinary Share payable on 31 July 2009 to Shareholders on the
register at 10 July 2009.
Performance
30 Apr 31 Jan 31 Jul
2009 2009 2008
Pence Pence Pence
Net Asset Value per Ordinary Share 89.00 92.00 94.50
Net Asset Value per 'A' Share 0.10 0.10 0.10
Dividends paid to date 1.75 1.75 1.75
Total return* per Ordinary Share and 'A' Share 90.85 93.85 96.35
* Net Asset Value plus cumulative dividends paid since launch
Investment portfolio summary at 30 April 2009
Portfolio investments by value
Movement
from
1 Feb 2009 to
Cost Valuation 30 Apr 2009
£'000 £'000 £'000
Qualifying venture capital
investments
West Tower Holding Limited 1,150 1,000 -
Cadbury House Limited 1,000 1,000 -
The Thames Club Limited 1,000 850 (150)
Future Films Production Services
Limited 825 825 -
Hoole Hall Country Club Holdings
Limited 750 750 -
Crossco (1135) Ltd - Kingsclere
Nurseries 665 665 -
Liongold Contracting Limited 434 434 -
Richstone Contracting Limited 407 317 (90)
6,231 5,841 (240)
Non qualifying venture capital
investments
Kings Gap Limited 400 400 -
JEB Leisure Limited 300 300 -
Sanguine Hospitality Limited 250 250 -
Future Films Production Services
Limited 225 225 -
Aminghurst Limited 208 208 -
Downing Acquisitions 1 Ltd 188 188 -
Cannock Developments (Field End)
LLP 125 125 -
Cadbury House Limited 75 75 -
Coastal Partnerships Limited 75 75 -
Chapel Street Hotel (2008) LLP 31 31 -
Vermont Development Limited 452 25 (75)
Chapel Street Hotel LLP 1 1 -
2,330 1,903 (75)
Total 8,561 7,744 (315)
Investment disposals during the quarter ended 30 April 2009
Market
value at Gain Total
1 Feb Disposal against realised
Cost 2009* proceeds cost gain
£'000 £'000 £'000 £'000 £'000
Loan Stock redemptions
Hoole Hall Country Club
Holdings Limited** 344 344 344 - -
JEB Leisure Limited 12 12 12 - -
356 356 356 - -
* After adjusting for additions during the period
** Addition in the period
Between the 30 April 2009 and the date of this report no additions or
disposals have been made.
Changes to share capital
There have been no changes to the share capital during the period.
Material events
Other than described above, there were no material events during the
period from 1 February 2009 to 30 April 2009 or in the period from 1
May 2009 to the date of this announcement.
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