Downing Plan Exit 3 Offers for Subscription

 
TIDMDPV3 
 
Downing Planned Exit VCT 2 plc and Downing Planned Exit VCT 3 plc 
12 October 2011 
Offers for Subscription 
 
Downing  Planned  Exit  VCT  2 plc  and  Downing  Planned  Exit  VCT  3 plc (the 
"Companies")  announce  that  they  have  published  a  Prospectus (comprising a 
Securities  Note, Registration Document and Summary)  to raise, in aggregate, up 
to  GBP20 million (the "Offers") through a new share class issue. 
 
The  Companies have also  published a Circular  seeking shareholder approval for 
matters  in connection with the Offers and giving notice for General Meetings to 
be held on 16 November 2011. 
 
The  Offers opened on 12 October 2011 and are expected to close no later than 5 
April 2012 in the case of the 2011/12 Offer and 30 April 2012 in the case of the 
2012/13 Offer   (unless   previously  extended).   The  Offers  are  for  up  to 
10,000,000 F Shares in each Company. 
 
To  obtain  a  copy  of  the  Securities  Note,  private investors and financial 
advisers  should call  020 7416 7780. A downloadable  version of  the Securities 
Note will also be available from www.downing.co.uk. 
 
A  copy of the  Prospectus (comprising a  Securities Note, Registration Document 
and  Summary) and  Circular is  available, free  of charge,  from the Companies' 
registered office: 
 
Downing LLP 
10 Lower Grosvenor Place 
London SW1W 0EN 
 
In  accordance with  the Listing  Rules, the  Prospectus and  Circular have been 
submitted  to the National  Storage Mechanism and  will shortly be available for 
inspection at: www.hemscott.com/nsm.do 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Downing Planned Exit VCT 3 PLC via Thomson Reuters ONE 
 
[HUG#1554386]