Downing FOUR VCT plc Downing Four - Cancellation Of Dp2011 General Ordinary Shares, Dp2011 General A Shares, Dp2011 Structure...
December 02 2019 - 6:19AM
UK Regulatory
TIDMD467
2 December 2019
LEI: 21380035MV1VRYEXPR95
Downing FOUR VCT plc
Cancellation of listing of DP2011 General Ordinary Shares, DP2011
General A Shares, DP2011 Structured Ordinary Shares and DP2011
Structured A Shares (together "the Shares") and cessation of trading
Downing FOUR VCT plc (the "Company") announces that it has now completed
a programme of returning funds to holders of the Shares, culminating
with dividend payments of 13.595p per DP2011 General A Share and 10.059p
per DP2011 Structured A Share paid on 27 September 2019. Following the
payment of these dividends, the Company had now returned all the capital
associated with the Shares to shareholders and divested of all
investments held in the portfolio, with the payment of the dividends
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
GBP25,000 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 classes of Shares, the Directors resolved,
in accordance with the Articles, to proceed with a Conversion of the
Shares and repurchase them for cancellation. The conversion was carried
out on 15 November 2019, and the resulting deferred shares were
immediately repurchased and cancelled.
The Company subsequently wrote to the FCA requesting the removal of the
Shares from the Official List and this has now been actioned and the
Shares de-listed.
For further information, please contact:
Grant Whitehouse
Downing LLP
Telephone: 020 7416 7780
(END) Dow Jones Newswires
December 02, 2019 07:19 ET (12:19 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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