DPV1 Downing Pro I

    Interim Management Statement
             



Downing Protected VCT I plc
Interim Management Statement for the three months ended 31 March 2008
�
In accordance with Rule 4.3 of the Disclosure and Transparency  Rules
of the UK Listing Authority, Downing Protected VCT I plc presents  an
Interim Management  Statement for  the three  month period  ended  31
March  2008.   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
On 28 February 2008, the Company declared an interim dividend of 1.5p
per Ordinary share which was paid on 25 April 2008 to shareholders on
the register at 28 March 2008.�
�
A further dividend  was declared  on 9 May  2008 of  1.25p per  share
which will be paid on 11 June  to Shareholders on the register at  23
May 2008.
�

Performance             31 March 31 Dec 30 June 31 Dec
�                           2008  �2007   �2007  �2006
�                          Pence  Pence   Pence  Pence
Net Asset Value ("NAV")   113.30 110.20  111.70 108.18
Cumulative Dividends       48.15  48.15   44.65  43.15
Total Return *            161.45 158.35  156.35 151.33

* NAV plus cumulative dividends paid since launch
�

Investment portfolio summary at 31            �           �
March 2008
                                      �                      Movement
                                      � �Cost   Valuation   in period
                                      � �'000 �     �'000 �     �'000
Venture capital investments (by value)      � �         � �         �
Gatewales Limited                       1,000 �     1,100 �      �100
Bowman Care Homes Limited               1,000 �     1,000 �        �-
Heyford Homes VCT Limited               1,000 �     1,000 �        �-
Kings Gap Limited                       1,000 �     1,000 �        �-
Downing (Pirbright Road) Limited          700 �      �900 �        �-
Kimbolton Lodge Limited                  �604 �      �900 �        �-
Downing Office Villages Contractor            �           �
Limited                                  �850        �850          �-
Honeycombe Pubs VCT Limited              �475 �      �475 �        �-
Congress House Limited                   �375 �      �375 �        �-
Heyford Homes (Thornton Hall) Limited    �372 �      �372 �        �-
Bond Contracting Limited                 �200 �      �200 �        �-
Sanguine Hospitality Limited               �6 �        �6 �        �-
Dovestone (The Gables) Limited            �50 �        �- �        �-
�                                           � �         � �         �
Total                                   7,632 �     8,178 �       100

�
�

Investment additions during the 3 months ended 31 March 2008     �
�                                                             Cost
�                                                            �'000
Kings Gap Limited                                            1,000
Bond Contracting Limited                                       200
Congress House Limited                                          25
�                                                                �
�                                                            1,225

�
�

Investment disposals during the 3 months ended 31 March             �
2008
�                �  Market value         �            �             �
                 �  at 1�January         �  Gain/(loss)         Total
                 �         �2008  Disposal      against      realised
              Cost                proceeds         cost   gain/(loss)
�            �'000         �'000     �'000        �'000         �'000
�                �             �         �            �             �
Downing
(Meadows)
Limited        580         1,005     1,075          495            70

�
�

Changes to share capital                 �             �          �
�                                   Shares Nominal Value Price paid
Ordinary Shares of 50p each                        �'000      �'000
As at 31 December 2007           8,312,683         4,156          �
Shares bought back and cancelled (113,000)          (56)        112
As at 31 March 2008              8,199,683         4,100          �

�
Additionally, on 11 April 2008 the Company purchased 69,133  ordinary
shares for  cancellation  representing  0.83%  of  the  issued  share
capital at a price of 98.0p per share.
�
�
Material events
Other than described above, there were no material events during  the
period from 31 December 2007 to 31 March 2008 or in the period from 1
April 2008 to the date of this announcement.

- ---END OF MESSAGE---

Downing Protected Vct I (LSE:DPV1)
�去 株価�ャート
�ら 5 2024 �� 6 2024

Downing Protected Vct I (LSE:DPV1)
�去 株価�ャート
�ら 6 2023 �� 6 2024