Pennine AIM VCT 6 plc (UK) – Interim Management Statement

Interim Management Statement

Pennine AIM VCT 6 plc

Interim Management Statement

for the three months ended 31 December 2009

In accordance with Rule 4.3 of the Disclosure and Transparency Rules of the UK Listing Authority, Pennine AIM VCT 6 plc presents an Interim Management Statement for the three month period ended 31 December 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

There were no dividends paid or declared in the period.

Performance

31 Dec

2009

30 Sept

2009

Pence Pence
Net Asset Value (“NAV”) 40.7 41.6
Cumulative Dividends 30.0 30.0
Total Return * 70.7 71.6

* NAV plus cumulative dividends paid since launch

Investment portfolio summary at 31 December 2009

Cost Valuation Valuation

movement

since

30 Sept

2009 *

£’000 £’000 £’000
Ten largest investments by value
Hoole Hall Country Club Holdings Ltd Unquoted 1,200 1,200
Cadbury House Holding Limited Unquoted 1,000 1,000
Hoole Hall Spa and Leisure Limited Unquoted 900 900
Doubletake Portraits Limited Unquoted 895 877
Animal Care Group plc 418 723 114
Craneware plc 220 567 12
IS Pharma plc 539 525 (63)
First Care Limited Unquoted 447 447
Tristel plc 288 407 35
Boomerang Plus plc 676 355 34
Other venture capital investments 10,149 3,165 (327)
Total 16,732 10,166 (195)

All investments are quoted on AIM unless otherwise stated.

* After accounting for purchases in period

Investment additions during the 3 months ended 31 December 2009

Cost
£,000
Cadbury House Holdings Limited ** 1,000
First Care Limited 72
Sundry additions 1
1,073

** During the period end, the Company invested £1,000,000 in Cadbury House Holdings Limited, which comprised reinvestment of the proceeds of the disposal from Cadbury House Limited of £1,000,000.

The Company invested £49,000 after the period end in First Care Limited.

Investment disposals during the 3 months ended 31 December 2009

Cost

Market value

at 1 March

2009

Disposal

proceeds

Gain/(loss)

in period

against cost

Total

realised

gain

£’000 £’000 £’000 £’000 £’000
Venture Capital Investments
Cadbury House Limited ** 1,000 1,000 1,000
Craneware plc 25 61 62 37 1
Inverness Medical Innovations Inc. 120 141 146 26 5
1,145 1,202 1,208 63 6

The Company sold part of its holding in Craneware plc after the period end, receiving proceeds thereon of £76,000.

Changes to share capital

Ordinary Shares of

1p each

Shares £’000
As at 1 October 2009 26,606,102 266
Shares bought back and cancelled
As at 31 December 2009 26,606,102 266

There have been no shares bought back for cancellation since the period end.

Merger discussions

On 30 November 2009, the Company announced that it is in merger discussions with Pennine AIM VCT 5 plc and The AIM Distribution Trust plc and that any merger is expected to be by way of a “scheme of reconstruction” pursuant to S.110 of the Insolvency Act 1986. Merger discussions are ongoing.

Material events

Other than described above, there were no material events during the period from 1 October 2009 to 31 December 2009 or in the period from 1 January 2009 to the date of this announcement.

HUGIN /Source: Pennine AIM VCT 6 plc /LSE: PNEA /ISIN: GB00B0LKM137

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