CR5 Core Vct V

 
TIDMCR5 
 
From:                Core VCT V PLC 
Date:                20 April 2011 
 
 
Interim Management Statement for the quarter ended 31 March 2011 
 
 
Quarterly Management Review 
Set out below is the interim management statement ("IMS") for the period from 1 
January  2011 to  31 March  2011, which  contains  information  that covers this 
period,  and up  to the  date of  publication of  this IMS.   Core VCT  V plc is 
publishing this IMS in accordance with DTR 4.3 of the FSA Handbook. 
This  IMS  has  been  produced  solely  to  provide  additional  information  to 
shareholders  as a  body to  meet the  relevant requirements  of the  UK Listing 
Authority's  Disclosure and Transparency Rules.  It should not be relied upon by 
any other party or for any other purpose. 
 
Performance Summary 
                                      31 March   31 December 
                                          2011          2010 
 
 Net asset value per share         89.45 pence   89.31 pence 
 
 Total return to date per share1   96.95 pence   96.81 pence 
 
 Share price (mid market)          52.13 pence   50.25 pence 
 
 Cumulative dividends paid          7.50 pence    7.50 pence 
 
 
 1. Total  return per  share comprises  closing net  asset value  per share plus 
    cumulative dividends per share paid to date. 
 
 
Investments 
During  the  quarter  ended  31 March  2011, the  Company has invested a further 
 GBP50,888   in   Georgina   Goodman   Limited  to  fund  further  working  capital 
requirements.  We also purchased secondary shares in Ark Home Healthcare Limited 
totalling  GBP5,000. 
The  cash  balance  at  the  end  of  the quarter was  GBP1,126,367 or 11.4% of net 
assets. 
Top Holdings as % of Net Assets 
 
                                         31 March   31 December 
                                             2011          2010 
 
 Allied International Holdings Limited      20.8%         20.8% 
 
 Colway Limited                             17.7%         17.7% 
 
 Brasserie Bar Co. plc                      14.9%         14.9% 
 
 Camwatch Limited                           14.1%         14.1% 
 
 Ark Home Healthcare Limited                10.2%         10.2% 
 
 Core Mezz II Limited                       10.1%         10.2% 
 
 Georgina Goodman Limited                    2.6%          2.1% 
 
 CP Newco Limited                            0.1%          0.1% 
 
 Pureleaf Limited                               -             - 
 
 
Share Capital 
The  Company has not  issued or bought  back any shares  during the period.  The 
Company's issued share capital currently stands at 11,024,969 ordinary shares. 
As  is common in Venture Capital Trusts, there is little if any liquidity in the 
Company's  shares, and although the Directors are able to buy back shares within 
certain constraints, this is intended for use only in exceptional circumstances. 
 Accordingly,  those investors who seek to realise value by selling their shares 
in  the  secondary  market  are  likely  to  suffer  a  significant discount and 
potential  loss of value.  Shareholders might consider holding their shares with 
a view to benefiting from future realisations. 
Outlook 
The  investment programme for making new  investments has now been completed and 
given that we are now fully invested we are constrained in the amount of capital 
we  have available  to invest  further in  the portfolio.   However, some of our 
largest  investments have  reached a  stage where  they are  looking to build on 
their success and raise further capital for expansion and to maximise the growth 
in  value that  this is  expected to  create.  The  Directors together  with the 
Manager and the other Core VCTs are considering options to raise further funding 
for  the underlying portfolio companies.  Should these discussions be successful 
we will inform shareholders immediately. 
For further information please contact: 
Stephen Edwards, Core Capital LLP:  020 3179 0915 
Rhonda Nicoll, Company Secretary:  020 3179 0930 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Core VCT V plc via Thomson Reuters ONE 
 
[HUG#1508049] 
 

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