DP3F.L Regulatory News (DP3F)

6 Jun 2019 17:28

Unaudited Net Asset Value(s)

Downing THREE VCT plcLEI: 2138008V2JDU2K6ZHF80Unaudited Net Asset Values6 June 2019

Downing THREE VCT plc announces that its unaudited Net Asset Values (“NAVs”) as at 5 June 2019 are as follows:

	Pence
F Share class
Net asset value per ‘F’ Share	28.7
Cumulative distributions per ‘F’ Share	67.0
Total return per ‘F’ Share	95.7
‘H’ Share class
Net asset value per ‘H’ Share	48.5
Cumulative distributions per ‘H’ Share	25.0
Total return per ‘H’ Share	73.5
‘J’ Share pool
Net asset value per ‘J’ Share	70.6
Cumulative distributions per ‘J’ Share	-
Total return per ‘J’ Share	70.6

Some provisions have been made against the value of some investments since the year end of 31 December 2018 – the most significant are as follows:

Yamuna Renewables Limited (J Share class, 7.5p per share);Jito Trading Limited (J Share class, 2.3p per share);Ormsborough Limited (J Share class, 4.3p per share);Indigo Generation Limited (H Share class 1.4p per share, J Share class 1.7p per share); andIronhide Generation Limited (H Share class 1.4p per share, J Share class 1.7p per share).

The Company also confirms it is unlikely to undertake any further share buybacks in any share class.