Downing AbIncVCT 1 Downing Absolute Income VCT 1 PLC: Share Realisation and Reinvestment Programme ("SRRP") and Top Up Offer

 
TIDMDA1O 
 
Downing Absolute Income VCT 1 plc 
 
25 September 2012 
 
Share Realisation and Reinvestment Programme ("SRRP") and Top Up Offer 
 
 
 
On  10 July 2012, the Company  published an Offer  Document in respect  of (i) a 
Tender  Offer and  Open Offer,  together the  Share Realisation and Reinvestment 
Programme  ("SRRP"), to allow existing Ordinary Shareholders to subscribe for up 
to  3,904,817 new Ordinary  Shares from  the proceeds  of selling their existing 
Ordinary  Shares back  to the  Company and  (ii) a  Top Up  Offer to issue up to 
800,000 Ordinary Shares. 
 
 
 
The  Directors  of  the  Company  are  pleased to announce that, on 25 September 
2012, in accordance with the terms of the SRRP: 
 
 
 
  ·     A total of 1,653,340 Ordinary Shares were purchased for cancellation at a 
price of 89.6p per Ordinary Share. 
 
  ·     A  total  of  1,603,739 Ordinary  Shares  were allotted in respect of the 
shares  tendered for cancellation at a price of approximately 92.4p per Ordinary 
Share. 
 
 
 
The  Directors of the Company are also pleased to announce that, on 25 September 
2012, under  the Top Up Offer, 150,874 Ordinary  Shares were allotted at a price 
of 92.4p per Ordinary Share. 
 
 
 
The Top Up Offer and the SRRP are now closed. 
 
 
 
Application  for the  total of  1,754,613 Ordinary 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 at the earliest practical 
opportunity. 
 
 
 
 
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Source: Downing Absolute Income VCT 1 PLC via Thomson Reuters ONE 
[HUG#1643439]