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Downing Three VCT (DP3F)

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Wednesday 11 July, 2018

Downing Three VCT

Downing THREE VCT plc : Share Class cancellations

Downing THREE VCT plc : Share Class cancellations

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 £25,000 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: 020 7416 7780

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

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