Downing FOUR VCT plc Downing Four Vct Plc : Issue Of Equity
02 September 2017 - 1:46AM
UK Regulatory
TIDMD467
Downing FOUR VCT plc
1 September 2017
Issue of Equity
The Directors of Downing FOUR VCT plc announce an allotment on 1
September 2017 of Generalist Shares of 0.1p each ("Generalist Shares")
and Healthcare Shares of 0.1p each ("Healthcare Shares") pursuant to the
Offers for Subscription that opened on 8 December 2016 ("Offers") as
follows:
1,952,845 Generalist Shares at an average price of 104.88p; and
2,003,324 Healthcare Shares at an average price of 104.57p.
The Directors of Downing FOUR VCT plc further announce an allotment on 1
September 2017 of Generalist Shares of 0.1p each ("Generalist Shares")
pursuant to the Top-Up Offer for Subscription dated 25 August 2017
("Top-Up Offer") as follows:
65,530 Generalist Shares at an average price of 99.95p.
The Company also announces that it has allotted 7,487,874 Generalist
Shares to members of the management team ("Management Shares") at an
issue price of 0.1p per share as part of the Performance Incentive
Scheme described in the prospectus dated 8 December 2016 ("Prospectus").
The holders of the Management Shares will not exercise any voting rights
attaching to these shares and will waive any of their entitlement to
distributions payable on these shares unless, and to the extent that,
the performance hurdle described in the Prospectus has been met.
Application for all shares to be admitted to the Official List of the UK
Listing Authority and to trading on the London Stock Exchange's market
for listed securities will be made shortly. Dealings are expected to
commence on or around 29 September 2017.
The Company further announces that the Offer for Subscription that
launched on 8 December 2016 in respect of the Generalist Shares has now
closed having reached full subscription. The Offer for Subscription
that launched on 8 December 2016 in respect of the Healthcare Shares
remains open and is currently scheduled to close on 30 September 2017.
Following these allotments, the issued share capital and total voting
rights of the Company are summarised follows:
Voting rights
Shares in issue per share Voting rights
DSO B Shares of 0.1 pence
each 19,911,070 206 4,101,680,420
DSO C Shares of 0.1 pence
each 29,926,070 1 29,926,070
DSO D Shares of 0.1 pence
each 7,867,247 925 7,277,203,475
DP2011 General Ordinary
Shares of 0.1 pence each 15,644,066 213 3,332,186,058
DP2011 General A Shares of
0.1 pence each 18,418,614 113 2,081,303,382
DP2011 Structured Ordinary
Shares of 0.1 pence each 10,678,725 219 2,338,640,775
DP2011 Structured A Shares
of 0.1 pence each 12,572,817 113 1,420,728,321
DP2011 Low Carbon Ordinary
Shares of 0.1 pence each 7,575,419 500 3,787,709,500
DP67 Ordinary Shares of 0.1
pence each 11,239,785 750 8,429,838,750
Generalist Shares of 0.1
pence each 37,439,369 1,146 34,324,413,270
Healthcare Shares of 0.1
pence each 8,506,813 1,146 9,748,807,698
Total voting rights 76,872,437,719
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Downing FOUR VCT plc via Globenewswire
(END) Dow Jones Newswires
September 01, 2017 11:46 ET (15:46 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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