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

19th Feb 2021 16:30

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

Downing TWO VCT plc LEI: 213800HJGTPW7F8YEY55 Net Asset Values 19 February 2021

Downing TWO 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	18.0
Cumulative distributions per ‘F’ Share	72.0
Total return per ‘F’ Share*	90.0

‘G’ Share Pool

	31 Dec 2020 pence
Net asset value per ‘G’ Share	35.3
Cumulative distributions per ‘G’ Share	53.5
Total return per ‘G’ Share*	88.8

‘K’ Share Pool

	31 Dec 2020 pence
Net asset value per ‘K’ Share	31.1
Cumulative distributions per ‘K’ Share	10.0
Total return per ‘K’ Share*	41.1

* 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	30.8%
Fresh Green Power Limited	189	278	15.1%
Atlantic Dogstar Limited	200	180	9.8%
Green Energy Production UK Limited	100	63	3.4%
Pearce and Saunders Limited	497	41	2.2%
Non-qualifying investments
Baron House Developments LLP	481	577	31.2%
London City Shopping Centre Limited	66	-	0.0%
Pearce and Saunders DevCo Limited	44	-	0.0%
	2,067	1,707	92.5%
Cash at bank and in hand		139	7.5%
Total		1,846	100.0%

G Share Pool	Cost	Valuationat 31 Dec 2020	% of portfolio by value
	£’000	£’000
VCT qualifying and partially qualifying investments
Atlantic Dogstar Limited	3,500	3,142	44.4%
Walworth House Pub Limited	1,330	1,177	16.6%
Downing Pub EIS ONE Limited	980	1,135	16.0%
Hermes Wood Pellets Limited	1,000	152	2.2%
Pearce and Saunders Limited	136	136	1.9%
Zora Energy Renewables Limited	750	20	0.3%
Ormsborough Limited	500	-	0.0%
Quadrate Catering Limited	1,450	-	0.0%
Non-qualifying investments
Baron House Developments LLP	1,093	1,312	18.6%
Quadrate Spa Limited	1,450	-	0.0%
London City Shopping Centre Limited	110	-	0.0%
	12,299	7,074	100.0%
Cash at bank and in hand		1	0.0%
Total		7,075	100.0%

K Share Pool	Cost	Valuationat 31 Dec 2020	% of portfolio by value
	£’000	£’000
VCT qualifying and partially qualifying investments
Apprise Pubs Limited	1,300	853	17.5%
Walworth House Pub Limited	500	442	9.1%
Pilgrim Trading Limited	432	350	7.2%
Exclusive Events Venues Limited	500	308	6.3%
SF Renewables (Solar) Limited	337	267	5.5%
Rockhopper Renewables Limited	591	222	4.6%
Garthcliff Shipping Limited	1,300	163	3.3%
Zora Energy Renewables Limited	350	9	0.2%
Ormsborough Limited	1,400	-	0.0%
Yamuna Renewables Limited	1,300	-	0.0%
Jito Trading Limited	1,500	-	0.0%
Ironhide Generation Limited	736	-	0.0%
Indigo Generation Limited	736	-	0.0%
Non-qualifying investments
Fenkle Street LLP	287	303	6.2%
London City Shopping Centre Limited	15	-	0.0%
	11,284	2,917	59.9%
Cash at bank and in hand		1,952	40.1%
Total		4,869	100.0%

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Related Shares:

DP2F.L