Share Name Share Symbol Market Type Share ISIN Share Description
Thames Ventures Vct 2 Plc LSE:D467 London Ordinary Share GB00BWX53D91 DP67 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 14.00 8.00 20.00 14.00 14.00 14.00 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.4 -0.5 0.0 - 2

Downing FOUR VCT plc Completion Of Sale Of Downing Non-healthcare Ventures Business To Foresight Group And Novation Of Investment Management Agreement

05/07/2022 7:00am

UK Regulatory (RNS & others)

Thames Ventures Vct 2 (LSE:D467)
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Downing FOUR VCT plc

LEI: 21380035MV1VRYEXPR95

5 July 2022

Completion of Sale of Downing non-healthcare ventures business to Foresight Group and Novation of Investment Management Agreement

Further to the announcement released by Downing FOUR VCT plc ("Downing FOUR" or "the Company"), at 7:04 am on 13 June 2022, the Company confirms Downing LLP ("Downing"), the Company's investment manager, has now completed the sale of its non-healthcare ventures business to Foresight Group LLP ("Foresight"). The Company's Investment Management Agreement (with the exception of the management of the Healthcare share pool) has also now been novated from Downing to Foresight as planned.

As previously reported, the management of the Company's Healthcare share pool has been retained by Downing. Downing will also continue to provide administration services, and investment management services in respect of the AIM share pool and for non-ventures portfolio investments (primarily in the planned exit share pools which are being wound down) for a transitional period.

The Board also confirms that it is planning to change the Company's name. Further details will be announced in due course.


Grant Whitehouse

Company Secretary

Tel: 020 7630 4333


(END) Dow Jones Newswires

July 05, 2022 02:00 ET (06:00 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

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