Downing FOUR VCT plc Downing Four - Cancellation Of Dp2011 General Ordinary Shares, Dp2011 General A Shares, Dp2011 Structure...

 
TIDMD467 
 
   2 December 2019 
 
   LEI: 21380035MV1VRYEXPR95 
 
   Downing FOUR VCT plc 
 
   Cancellation of listing of DP2011 General Ordinary Shares, DP2011 
General A Shares, DP2011 Structured Ordinary Shares and DP2011 
Structured A Shares (together "the Shares") and cessation of trading 
 
   Downing FOUR VCT plc (the "Company") announces that it has now completed 
a programme of returning funds to holders of the Shares, culminating 
with dividend payments of 13.595p per DP2011 General A Share and 10.059p 
per DP2011 Structured A Share paid on 27 September 2019. Following the 
payment of these dividends, the Company had now returned all the capital 
associated with the Shares to shareholders and divested of all 
investments held in the portfolio, with the payment of the dividends 
marking the end of the life cycle of the Shares. 
 
   The Directors are authorised under the Company's articles of association 
("Articles") to convert any share class with a NAV of less than 
GBP25,000 into deferred shares which may be bought back and cancelled by 
the Company for a nominal amount (a "Conversion"). As this threshold was 
met in respect of each of the classes of Shares, the Directors resolved, 
in accordance with the Articles, to proceed with a Conversion of the 
Shares and repurchase them for cancellation. The conversion was carried 
out on 15 November 2019, and the resulting deferred shares were 
immediately repurchased and cancelled. 
 
   The Company subsequently wrote to the FCA requesting the removal of the 
Shares from the Official List and this has now been actioned and the 
Shares de-listed. 
 
   For further information, please contact: 
 
   Grant Whitehouse 
 
   Downing LLP 
 
   Telephone: [phone] 
 
 
 
 

(END) Dow Jones Newswires

December 02, 2019 07:19 ET (12:19 GMT)

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