REG-Downing Income VCT plc : Share Realisation and Reinvestment Programme ("SRRP") and Top-up Offer

Thu Mar 21, 2013 11:51am EDT

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Downing Income VCT plc
21 March 2013
Share Realisation and Reinvestment Programme ("SRRP") and Top-up Offer

On 17 December 2012, the Company published an Offer Document in respect of (i) a Tender Offer and
Substitute Share Offer, together the Share Realisation and Reinvestment Programme ("SRRP"), to
allow existing Ordinary Shareholders to subscribe for up to 48.5% of the issued Ordinary Share
Capital of the Company from the proceeds of selling their existing Ordinary Shares back to the
Company and (ii) a Top-up Offer to issue up to 2,500,000 additional Ordinary Shares.

The Directors of the Company are pleased to announce that, on 21 March 2013, in accordance with
the terms of the SRRP: 

 ·           A total of 8,255,759 Ordinary Shares were purchased for cancellation at a price of
33.5p per Ordinary Share. 

 ·           A total of 8,007,995 Ordinary Shares were allotted in respect of the proceeds of the
shares tendered for cancellation at a price of approximately 34.5360p per Ordinary Share.

The Directors of the Company are also pleased to announce that 236,864 Ordinary Shares were
allotted under the Top-up Offer on 21 March 2013 at a price of 34.5360p per Ordinary Share.

The Top-up Offer and the SRRP are now closed.

Application for the total of 8,244,859 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 Income VCT plc via Thomson Reuters ONE


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