Downing Plan VCT 7 Downing Planned Exit Vct 7 Plc : Result Of Tender Offer
23 Dezember 2013 - 5:47PM
UK Regulatory
TIDMDPV7
DOWNING PLANNED EXIT VCT 6 PLC
DOWNING PLANNED EXIT VCT 7 PLC
JOINT ANNOUNCEMENT
23 December 2013
RESULTS OF TENDER OFFERS
The Boards of Downing Planned Exit VCT 6 plc and Downing Planned Exit
VCT 7 plc announce the results of the Tender Offers launched on 27
November 2013 as follows:
% of
capacity of Tender
Shares Tenders Percentage Tender price
Company tendered satisfied satisfied Offer (per share)
Downing Planned
Exit VCT 6 plc 3,087,899 3,087,899 100% 100.0% 63.82p
Downing Planned
Exit VCT 7 plc 2,884,445 2,884,445 100% 89.4% 63.82p
The Directors of Downing Planned Exit 6 plc exercised their right to
vary the terms of the Tender Offer and increased the maximum number of
shares to be purchased by 15,702 shares to 3,087,899 shares. This
enabled 100% of shares tendered to be purchased.
Tender proceeds are expected to be paid to participating shareholders on
3 January 2014.
Following the purchase of the above shares under the Tender Offers, the
number of shares in issue and voting rights of both companies is as
follows:
Downing Planned Exit VCT 6 plc 5,616,842 Shares
Downing Planned Exit VCT 7 plc 6,075,039 Shares
This announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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 Planned Exit VCT 7 PLC via Globenewswire
HUG#1751873
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