Downing ONE VCT plc : Offer for Subscription Ex...

Downing ONE VCT plc
29 April 2014
Offer for Subscription Extension

The Board of Downing ONE VCT plc announces an extension of the Offer for Subscription that launched on 8 January 2014. The Offer had previously been scheduled to close on 30 April 2014 but has now been extended to 3 p.m. on 30 June 2014 (unless previously fully subscribed or further extended).

The Board has also taken the decision to delay the allotment of shares in respect of applications for the 2014/15 tax year pending clarification from HMRC of changes to the VCT regulations that were announced in the Budget in connection with dividends. HMRC is expected to make some amendments to the draft Finance Bill which should provide comfort that any allotment of shares after 6 April 2014 will not have any impact on the Company's dividend policy. The Board intends to wait until these amendments have been published and reviewed before allotting further shares.

---

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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 ONE VCT plc via Globenewswire

HUG#1780944