Downing Three VCT Downing Three Vct Plc : Share Class Cancellations
11 Juli 2018 - 3:44PM
UK Regulatory
TIDMDP3F
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
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 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
(END) Dow Jones Newswires
July 11, 2018 09:44 ET (13:44 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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