CR5 Core Vct V

 
TIDMCR5 
 
   From:                    Core VCT V plc 
 
   Date:                     17 November 2014 
 
   Sale of Camwatch Limited and Related Party Transaction 
 
   The Board of Core VCT V plc is pleased to announce that the Company's 
mezzanine investment in Camwatch Limited was realised today for a cash 
consideration of GBP1.5 million.  Including the yield received over the 
life of the investment this has provided an attractive 2.4x return on 
the investment cost and an IRR of 19.9% pa. 
 
   Following this realisation, the Company's Net Asset Value has increased 
by 5.0% from 66.65p per ordinary share to 70.01p per ordinary share. 
 
   In relation to the realisation, the Board has agreed to pay Core Capital 
Partners LLP, the investment manager of the Company, an advisory fee of 
GBP20,000.  As Core Capital Partners LLP is a related party of the 
Company under the Listing Rules, the agreement to pay this advisory fee 
is a transaction to which Listing Rule 11.1.10R applies. 
 
   As previously reported, the Board of Core VCT V plc is in the process of 
determining the optimal method of distributing proceeds to shareholders 
whilst preserving the Company's VCT tax status.  These proposals will be 
presented to shareholders before the next AGM. 
 
   For further information please contact: 
 
   Rhonda Nicoll, 
 
   Company Secretary 
 
   020 3179 0930 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Core VCT V plc via Globenewswire 
 
   HUG#1872091 
 
 
  http://www.core-cap.com/ 
 

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