Interim Management Statement


 
TIDMPNEA 
 
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. 
 
Performance 
 
                            31 Dec    30 Sept 
                               2009      2009 
 
                              Pence     Pence 
 
  Net Asset Value ("NAV")      40.7      41.6 
 
  Cumulative Dividends         30.0      30.0 
 
  Total Return *               70.7      71.6 
 
* NAV plus cumulative dividends paid since launch 
 
Investment portfolio summary at 31 December 2009 
 
                                                                  Valuation 
                                                                   movement 
                                                                       since 
                                                                     30 Sept 
                                                 Cost  Valuation      2009 * 
 
                                                  GBP'000       GBP'000       GBP'000 
 
 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 
 
 Craneware plc                                     220        567         12 
 
 IS Pharma plc                                     539        525       (63) 
 
 First Care Limited                    Unquoted    447        447          - 
 
 Tristel plc                                       288        407         35 
 
 Boomerang Plus plc                                676        355         34 
 
 
 
 Other venture capital investments              10,149      3,165      (327) 
 
 
 
 Total                                          16,732     10,166      (195) 
 
 
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 
 
                                       Cost 
 
                                       GBP,000 
 
  Cadbury House Holdings Limited **   1,000 
 
  First Care Limited                     72 
 
  Sundry additions                        1 
                                    --------- 
                                      1,073 
 
 
**  During  the  period  end,  the  Company invested  GBP1,000,000 in Cadbury House 
Holdings  Limited, which comprised reinvestment of  the proceeds of the disposal 
from Cadbury House Limited of  GBP1,000,000. 
 
The Company invested  GBP49,000 after the period end in First Care Limited. 
 
Investment disposals during the 3 months ended 31 December 2009 
 
 
                                  Market value           Gain/(loss)     Total 
                                    at 1 March  Disposal   in period  realised 
                             Cost         2009  proceeds against cost      gain 
 
                             GBP'000         GBP'000      GBP'000         GBP'000      GBP'000 
 
 Venture Capital 
 Investments 
 
 Cadbury House Limited **   1,000        1,000     1,000            -         - 
 
 Craneware plc                 25           61        62           37         1 
 
 Inverness          Medical 
 Innovations Inc.             120          141       146           26         5 
                           ----------------------------------------------------- 
                            1,145        1,202     1,208           63         6 
 
 
The Company sold part of its holding in Craneware plc after the period end, 
receiving proceeds thereon of  GBP76,000. 
 
Changes to share capital 
 
                                     Ordinary Shares of 
                                           1p each 
 
                                         Shares     GBP'000 
 
  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. 
 
Merger discussions 
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. 
 
Material events 
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. 
 
 
[HUG#1386409]
Pennine Aim Vct 6 (LSE:PNEA)
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