DP3F.L Regulatory News (DP3F)

19 Feb 2021 16:30

Downing THREE VCT plc - Net Asset Value(s) and Portfolio update

Downing THREE VCT plc LEI: 2138008V2JDU2K6ZHF80 Net Asset Values 19 February 2021

Downing THREE 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	17.7
Cumulative distributions per ‘F’ Share	72.0
Total return per ‘F’ Share*	89.7

‘H’ Share Pool

	31 Dec 2020 pence
Net asset value per ‘H’ Share	17.1
Cumulative distributions per ‘H’ Share	39.5
Total return per ‘H’ Share*	56.6

‘J’ Share Pool

	31 Dec 2020 pence
Net asset value per ‘J’ Share	23.8
Cumulative distributions per ‘J’ Share	17.5
Total return per ‘J’ Share*	41.3

* 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	31.4%
Fresh Green Power Limited	189	278	15.4%
Atlantic Dogstar Limited	200	180	9.9%
Green Energy Production UK Limited	100	63	3.5%
Pearce and Saunders Limited	497	41	2.3%
Non-qualifying investments
Baron House Developments LLP	481	577	31.9%
London City Shopping Centre Limited	66	-	0.0%
Pearce and Saunders DevCo Limited	44	-	0.0%
	2,067	1,707	94.4%
Cash at bank and in hand		102	5.6%
Total		1,809	100.0%

H Share Pool	Cost	Valuationat 31 Dec 2020	% of portfolio by value
	£’000	£’000
VCT qualifying and partially qualifying investments
Atlantic Dogstar Limited	1,000	898	51.9%
Hermes Wood Pellets Limited	1,500	228	13.2%
SF Renewables (Solar) Limited	281	222	12.8%
Rockhopper Renewables Limited	492	185	10.7%
Pearce and Saunders Limited	136	136	7.9%
Zora Energy Renewables Limited	1,000	26	1.5%
Quadrate Catering Limited	850	-	0.0%
Ironhide Generation Limited	613	-	0.0%
Indigo Generation Limited	613	-	0.0%
Non-qualifying investments
Quadrate Spa Limited	850	-	0.0%
	7,335	1,695	98.0%
Cash at bank and in hand		35	2.0%
Total		1,730	100.0%

J Share Pool	Cost	Valuationat 31 Dec 2020	% of portfolio by value
	£’000	£’000
VCT qualifying and partially qualifying investments
Pilgrim Trading Limited	1,297	1,083	42.9%
Exclusive Events Venues Limited	500	308	12.2%
SF Renewables (Solar) Limited	281	222	8.8%
Rockhopper Renewables Limited	492	185	7.3%
Garthcliff Shipping Limited	400	50	2.0%
Zora Energy Renewables Limited	300	8	0.3%
Ormsborough Limited	1,000	-	0.0%
Ironhide Generation Limited	613	-	0.0%
Indigo Generation Limited	613	-	0.0%
Jito Trading Limited	1,000	-	0.0%
Yamuna Renewables Limited	800	-	0.0%
Non-qualifying investments
Fenkle Street LLP	287	303	12.0%
London City Shopping Centre Limited	15	-	0.0%
	7,598	2,159	85.5%
Cash at bank and in hand		365	14.5%
Total		2,524	100.0%