Downing Distribution VCT 1 plc : Share Realisat...

Downing Distribution VCT 1 plc : Share Realisation and Reinvestment Programme ("SRRP") and Top Up Offer

Downing Distribution VCT 1 plc
4 April 2012
Share Realisation and Reinvestment Programme ("SRRP") and Top Up Offer

On 3 February 2012, the Company published an Offer Document in respect of (i) a Tender Offer to buy back up to 20,097,712 ordinary shares of 1p each ("Ordinary Shares") from existing shareholders and (ii) an Open Offer to the issue of up to 22,107,483 Ordinary Shares, together the Share Realisation and Reinvestment Programme ("SRRP")

The Directors of the Company are pleased to announce that on 4 April 2012 in accordance with the terms of the SRRP:

  • A total of 6,307,604 Ordinary Shares were purchased for cancellation at a price of 77.1p per Ordinary Share.
  • A total of 6,244,059 Ordinary Shares were allotted in respect of the shares tendered for cancellation at a price of approximately 77.9p per Ordinary Share.

The Directors of the Company are also pleased to announce that on 4 April 2012, under the Open Offer, 434,782 Ordinary Shares were allotted at a price of 77.9p per Ordinary Share.

Application for the total of 6,678,841 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 Distribution VCT 1 plc via Thomson Reuters ONE

HUG#1600131
UK 100

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