Downing Plan Exit 3 Downing Planned Exit VCT 3 PLC : Cancellation of Ordinary Share listing and conversion of Ordinary Shares
August 24 2012 - 2:30AM
UK Regulatory
TIDMDP3C
Downing Planned Exit VCT 3 plc (the "Company")
Cancellation of Ordinary Share listing and conversion of Ordinary Shares
24 August 2012
Further to the passing of all the resolutions at the general meeting of the
Company held on 24 July 2012 and the class meeting of the Ordinary Shareholders
on 24 July 2012 as set out in the notice of general meeting and class meetings
of the Company dated 1 June 2012, the cancellation of the listing of the
Company's Ordinary Shares on the Official List of the UK Listing Authority has
now taken place.
The Net Asset Value of the Ordinary Shares as at 31 July 2012 was Nil pence per
share. In accordance with the conversion process set out in the Company's
Articles of Association, the Ordinary Shares have converted into 10,064,617
deferred shares of 0.1p each ("Deferred Shares"). The Company will purchase and
cancel these Deferred Shares on 31 August 2012.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Downing Planned Exit VCT 3 PLC via Thomson Reuters ONE
[HUG#1636012]
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