Downing Distribution VCT 1 plc :Share Realisati...

Downing Distribution VCT 1plc
5 April 2012
Share Realisation and Reinvestment Programme ("SRRP")  

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 5 April 2012 in accordance with the terms of the SRRP:

• A further 4,056 Ordinary Shares were purchased for cancellation at a price of 77.1p per Ordinary Share.
• A further 4,015 Ordinary Shares were allotted in respect of the shares tendered for cancellation at a price of approximately 77.9p per Ordinary Share.

Application for the 4,015 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

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