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.
|Net Asset Value (“NAV”)||40.7||41.6|
|Total Return *||70.7||71.6|
* NAV plus cumulative dividends paid since launch
Investment portfolio summary at 31 December 2009
|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|
|IS Pharma plc||539||525||(63)|
|First Care Limited||Unquoted||447||447||–|
|Boomerang Plus plc||676||355||34|
|Other venture capital investments||10,149||3,165||(327)|
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
|Cadbury House Holdings Limited **||1,000|
|First Care Limited||72|
** 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
at 1 March
|Venture Capital Investments|
|Cadbury House Limited **||1,000||1,000||1,000||–||–|
|Inverness Medical Innovations Inc.||120||141||146||26||5|
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
|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.
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.
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