Downing Plan Exit 3 Offers for Subscription
October 12 2011 - 11:14AM
UK Regulatory
TIDMDPV3
Downing Planned Exit VCT 2 plc and Downing Planned Exit VCT 3 plc
12 October 2011
Offers for Subscription
Downing Planned Exit VCT 2 plc and Downing Planned Exit VCT 3 plc (the
"Companies") announce that they have published a Prospectus (comprising a
Securities Note, Registration Document and Summary) to raise, in aggregate, up
to GBP20 million (the "Offers") through a new share class issue.
The Companies have also published a Circular seeking shareholder approval for
matters in connection with the Offers and giving notice for General Meetings to
be held on 16 November 2011.
The Offers opened on 12 October 2011 and are expected to close no later than 5
April 2012 in the case of the 2011/12 Offer and 30 April 2012 in the case of the
2012/13 Offer (unless previously extended). The Offers are for up to
10,000,000 F Shares in each Company.
To obtain a copy of the Securities Note, private investors and financial
advisers should call 020 7416 7780. A downloadable version of the Securities
Note will also be available from www.downing.co.uk.
A copy of the Prospectus (comprising a Securities Note, Registration Document
and Summary) and Circular is available, free of charge, from the Companies'
registered office:
Downing LLP
10 Lower Grosvenor Place
London SW1W 0EN
In accordance with the Listing Rules, the Prospectus and Circular have been
submitted to the National Storage Mechanism and will shortly be available for
inspection at: www.hemscott.com/nsm.do
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
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