19 Feb 2021 16:30
Downing TWO VCT plc -Net Asset Value(s) and Portfolio updateDowning TWO VCT plc LEI: 213800HJGTPW7F8YEY55 Net Asset Values 19 February 2021
Downing TWO VCT plc announces that its unaudited Net Asset Values as at 31 December 2020 were as follows:
‘F’ Share Pool
| 31 Dec 2020 pence | |
| Net asset value per ‘F’ Share | 18.0 |
| Cumulative distributions per ‘F’ Share | 72.0 |
| Total return per ‘F’ Share* | 90.0 |
‘G’ Share Pool
| 31 Dec 2020 pence | |
| Net asset value per ‘G’ Share | 35.3 |
| Cumulative distributions per ‘G’ Share | 53.5 |
| Total return per ‘G’ Share* | 88.8 |
‘K’ Share Pool
| 31 Dec 2020 pence | |
| Net asset value per ‘K’ Share | 31.1 |
| Cumulative distributions per ‘K’ Share | 10.0 |
| Total return per ‘K’ Share* | 41.1 |
* NAV plus cumulative dividends paid to date As at 31 December 2020, the unaudited investment portfolio of the separate share classes within the Company are as follows:
| F Share Pool | Cost | Valuationat 31 Dec 2020 | % of portfolio by value |
| £’000 | £’000 | ||
| VCT qualifying and partially qualifying investments | |||
| Downing Pub EIS ONE Limited | 490 | 568 | 30.8% |
| Fresh Green Power Limited | 189 | 278 | 15.1% |
| Atlantic Dogstar Limited | 200 | 180 | 9.8% |
| Green Energy Production UK Limited | 100 | 63 | 3.4% |
| Pearce and Saunders Limited | 497 | 41 | 2.2% |
| Non-qualifying investments | |||
| Baron House Developments LLP | 481 | 577 | 31.2% |
| London City Shopping Centre Limited | 66 | - | 0.0% |
| Pearce and Saunders DevCo Limited | 44 | - | 0.0% |
| 2,067 | 1,707 | 92.5% | |
| Cash at bank and in hand | 139 | 7.5% | |
| Total | 1,846 | 100.0% |
| G Share Pool | Cost | Valuationat 31 Dec 2020 | % of portfolio by value |
| £’000 | £’000 | ||
| VCT qualifying and partially qualifying investments | |||
| Atlantic Dogstar Limited | 3,500 | 3,142 | 44.4% |
| Walworth House Pub Limited | 1,330 | 1,177 | 16.6% |
| Downing Pub EIS ONE Limited | 980 | 1,135 | 16.0% |
| Hermes Wood Pellets Limited | 1,000 | 152 | 2.2% |
| Pearce and Saunders Limited | 136 | 136 | 1.9% |
| Zora Energy Renewables Limited | 750 | 20 | 0.3% |
| Ormsborough Limited | 500 | - | 0.0% |
| Quadrate Catering Limited | 1,450 | - | 0.0% |
| Non-qualifying investments | |||
| Baron House Developments LLP | 1,093 | 1,312 | 18.6% |
| Quadrate Spa Limited | 1,450 | - | 0.0% |
| London City Shopping Centre Limited | 110 | - | 0.0% |
| 12,299 | 7,074 | 100.0% | |
| Cash at bank and in hand | 1 | 0.0% | |
| Total | 7,075 | 100.0% |
| K Share Pool | Cost | Valuationat 31 Dec 2020 | % of portfolio by value |
| £’000 | £’000 | ||
| VCT qualifying and partially qualifying investments | |||
| Apprise Pubs Limited | 1,300 | 853 | 17.5% |
| Walworth House Pub Limited | 500 | 442 | 9.1% |
| Pilgrim Trading Limited | 432 | 350 | 7.2% |
| Exclusive Events Venues Limited | 500 | 308 | 6.3% |
| SF Renewables (Solar) Limited | 337 | 267 | 5.5% |
| Rockhopper Renewables Limited | 591 | 222 | 4.6% |
| Garthcliff Shipping Limited | 1,300 | 163 | 3.3% |
| Zora Energy Renewables Limited | 350 | 9 | 0.2% |
| Ormsborough Limited | 1,400 | - | 0.0% |
| Yamuna Renewables Limited | 1,300 | - | 0.0% |
| Jito Trading Limited | 1,500 | - | 0.0% |
| Ironhide Generation Limited | 736 | - | 0.0% |
| Indigo Generation Limited | 736 | - | 0.0% |
| Non-qualifying investments | |||
| Fenkle Street LLP | 287 | 303 | 6.2% |
| London City Shopping Centre Limited | 15 | - | 0.0% |
| 11,284 | 2,917 | 59.9% | |
| Cash at bank and in hand | 1,952 | 40.1% | |
| Total | 4,869 | 100.0% |