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Share Name | Share Symbol | Market | Stock Type |
---|---|---|---|
Downing One Vct Plc | DDV1 | London | Ordinary Share |
Open Price | Low Price | High Price | Close Price | Previous Close |
---|---|---|---|---|
57.00 |
Top Posts |
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Posted at 16/10/2013 08:58 by 127tolmers Proposed merger contains details of an ambition to do buybacks at a 5% discount.The boards of the Companies consider that the Merger will bring a number of benefits to all of the Companies' groups of shareholders through: * A reduction in the expected annual running costs for most shareholders; * Annual running costs capped by Downing at 2.75% of net assets; * An increased likelihood of a regular sustainable tax-free dividend yield of at least 4% of net assets per annum; * Dispersion of risk across a broader range of investments pursuant to a new investment policy for the Company; * Increased liquidity in the ability of shareholders to sell their shares, including an intention to buy in shares at a discount of approximately 5% to net asset value; At a 68.5p NAV, a buyback would be at an equivalent to 65p in today's prices. |
Posted at 19/4/2010 13:42 by 127tolmers Welcome to a new board.Interesting that DDV1 (predecessor companies)have warned that they may not be able to issue an enhanced buyback share offer after HMRC discussions while other VCTs are still pushing ahead. |
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