Downing ONE VCT plc : Net Asset Value and Portf...

Downing ONE VCT plc
NAV and Portfolio Update
15 December 2014

Downing ONE VCT plc announces that its unaudited Net Asset Value and performance as at 30 November 2014 were as follows:

	30 Nov  2014  pence
Net Asset Value per Share	96.5
Cumulative distributions per Share since merger (12 Nov 2013)	4.0
Total Return since merger (Net Asset Value plus cumulative dividends)	100.5

As at 30 November 2014, the Company's unaudited investment portfolio is summarised as follows:

Venture Capital Investments	Valuation £'000	% of net assets by value
Blue Cedars Holdings Limited	3,980	5.5%
Tracsis plc*	3,713	5.1%
Accumuli plc*	3,016	4.1%
Baron House Developments LLP	2,695	3.7%
Cadbury House Holdings Limited	2,457	3.4%
Vulcan Renewables Limited	2,415	3.3%
Inland Homes plc*	2,248	3.1%
Mosaic Spa and Health Club Limited	2,214	3.0%
Ludorum plc*	1,864	2.6%
Science in Sport plc*	1,837	2.5%
Universe Group plc*	1,830	2.5%
Leytonstone Pub Limited	1,771	2.4%
UK Solar (Hartwell) LLP	1,600	2.2%
Anpario Group plc*	1,471	2.0%
Plastics Capital plc*	1,466	2.0%
Kidspace Adventure Holdings Limited	1,362	1.9%
Residential PV Trading Limited	1,270	1.7%
Sprue Aegis plc *	1,232	1.7%
Future Biogas (Reepham Rd) Limited	1,123	1.5%
Aminghurst Limited	1,106	1.5%
	40,670	55.7%
Other venture capital investments (76 companies)	27,112	37.2%
Total investments	67,782	92.9%
Cash at bank and in hand	5,235	7.2%
Other net current assets	(47)	(0.1%)
Net assets	72,970	100.0%
* Quoted on AIM.
All other investments unquoted.

The unaudited balance sheet as at 30 November 2014 is summarised as follows:

	£'000
Fixed Assets
Venture Capital Investments	67,782
Current Assets
Debtors	504
Bank	5,235
	5,739
Current Liabilities
Creditors	(551)
Net Current Assets	5,188
Net Assets	72,970
Represented by:
Ordinary shares 1p each	754
Unalloted share capital	181
Capital reserve -unrealised	(4,179)
Share premium account	64,307
Special reserve	9,665
Capital redemption reserve	1,488
Revenue reserve	754
	72,970

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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 ONE VCT plc via Globenewswire

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