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 | Valuation at 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 | Valuation at 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 | Valuation at 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% |
