Downing Three VCT Downing Three Vct Plc : Share Class Cancellations

 
TIDMDP3F 
 
   Downing THREE VCT plc 
 
   LEI: 2138008V2JDU2K6ZHF80 
 
   Cancellation of listing of D Shares and E Shares (together, "the 
Shares") and cessation of trading of the Shares 
 
   11 July 2018 
 
   Downing THREE VCT plc (the "Company") announces that, with respect to 
the above Share classes, the process of returning funds to Shareholders 
has been completed. The dividend payments, of 23.69p per D Share and 
0.1p per E Share on 22 December 2017, represented the return of the 
residual capital associated with the Shares to Shareholders, 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 above classes of Shares, the Directors 
resolved, in accordance with the Articles, to proceed with a Conversion 
of the D Shares and E Shares, and to repurchase all such Shares for 
cancellation. The conversion was carried out on 11 July 2018, and the 
resulting deferred shares were immediately repurchased and cancelled. 
 
   The Company will shortly write to the UKLA requesting the removal of the 
Shares from the Official List. 
 
   For further information, please contact: 
 
   Downing LLP 
 
   Telephone: [phone] 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq 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 THREE VCT plc via Globenewswire 
 
 
 
 

(END) Dow Jones Newswires

July 11, 2018 09:44 ET (13:44 GMT)

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