Downing FOUR VCT plc : Issue of Equity

Downing FOUR VCT plc
10 February 2017
Issue of Equity

The Directors of Downing FOUR VCT plc announce an allotment on 10 February 2017 of Generalist Shares of 0.1p each ("Generalist Shares") and Healthcare Shares of 0.1p each ("Healthcare Shares") pursuant to the Offers for Subscription that opened on 8 December 2016 ("Offers") as follows:

2,571,047 Generalist Shares at an average price of 101.75p; and
1,470,694 Healthcare Shares at an average price of 101.62p.

Application for the shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made shortly. Dealings are expected to commence on or around 21 February 2017.

Following this allotment, the issued share capital and total voting rights of the Company are summarised follows:

	Shares in issue	Voting rights per share	Voting rights
DSO B Shares of 0.1 pence each	19,911,070	206	4,101,680,420
DSO C Shares of 0.1 pence each	29,926,070	1	29,926,070
DSO D Shares of 0.1 pence each	7,867,247	925	7,277,203,475
DP2011 General Ordinary Shares of 0.1 pence each	15,644,066	213	3,332,186,058
DP2011 General A Shares Shares of 0.1 pence each	18,418,614	113	2,081,303,382
DP2011 Structured Ordinary Shares of 0.1 pence each	10,678,725	219	2,338,640,775
DP2011 Structured A Shares of 0.1 pence each	12,572,817	113	1,420,728,321
DP2011 Low Carbon Ordinary Shares of 0.1 pence each	7,575,419	500	3,787,709,500
DP67 Ordinary Shares of 0.1 pence each	11,239,785	750	8,429,838,750
Generalist Shares of 0.1 pence each	2,571,047	1,146	2,946,419,862
Healthcare Shares of 0.1 pence each	1,470,694	1,146	1,685,415,324
Total voting rights			37,431,051,937

Included in this issue of equity under the Offers were allotments to PDMRs as follows:

Director / PDMR		Shares allotted		Issue price
		Generalist Shares	Healthcare Shares	Generalist Shares	Healthcare Shares
Tony McGing	PDMR	50,000	50,000	100.0p	100.0p

Following this allotment, Tony McGing's shareholding in the Company is summarised as follows:

Share class	Shareholding	% of shares  in issue
DSO B Shares	47,639	0.24%
DSO C Shares	947,639	3.2%
DSO D Shares	30,504	0.4%
DP2011 General A Shares	297,934	1.62%
DP2011 Structured A Shares	206,505	1.64%
DP67 Ordinary Shares	52,140	0.46%
Generalist Shares	50,000	1.94%
Healthcare Shares	50,000	3.4%

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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 FOUR VCT plc via Globenewswire