Downing Plan VCT 7 Downing Planned Exit Vct 7 Plc : Result Of Tender Offer

 
TIDMDPV7 
 
   DOWNING PLANNED EXIT VCT 6 PLC 
 
   DOWNING PLANNED EXIT VCT 7 PLC 
 
   JOINT ANNOUNCEMENT 
 
   23 December 2013 
 
   RESULTS OF TENDER OFFERS 
 
   The Boards of Downing Planned Exit VCT 6 plc and Downing Planned Exit 
VCT 7 plc announce the results of the Tender Offers launched on 27 
November 2013 as follows: 
 
 
 
 
                                                         % of 
                                                      capacity of     Tender 
                   Shares     Tenders    Percentage     Tender         price 
Company            tendered   satisfied   satisfied      Offer      (per share) 
Downing Planned 
 Exit VCT 6 plc   3,087,899   3,087,899        100%        100.0%        63.82p 
Downing Planned 
 Exit VCT 7 plc   2,884,445   2,884,445        100%         89.4%        63.82p 
 
 
 
   The Directors of Downing Planned Exit 6 plc exercised their right to 
vary the terms of the Tender Offer and increased the maximum number of 
shares to be purchased by 15,702 shares to 3,087,899 shares. This 
enabled 100% of shares tendered to be purchased. 
 
   Tender proceeds are expected to be paid to participating shareholders on 
3 January 2014. 
 
   Following the purchase of the above shares under the Tender Offers, the 
number of shares in issue and voting rights of both companies is as 
follows: 
 
   Downing Planned Exit VCT 6 plc                5,616,842 Shares 
 
   Downing Planned Exit VCT 7 plc                6,075,039 Shares 
 
   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: Downing Planned Exit VCT 7 PLC via Globenewswire 
 
   HUG#1751873