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Downing Inc VCT3 (DI3O)

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Thursday 11 April, 2013

Downing Inc VCT3

Downing Income VCT 3 plc : Share Realisation an...

Downing Income VCT 3 plc : Share Realisation and Reinvestment Programme ("SRRP") and Top-up Offer

Downing Income VCT 3 plc
11 April 2013
Share Realisation and Reinvestment Programme ("SRRP") and Top-up Offer

On 15 February 2013, the Company published an Offer Document in respect of (i) a Tender Offer and Substitute Share Offer, together the Share Realisation and Reinvestment Programme ("SRRP"), to allow existing Ordinary Shareholders to subscribe for up to 48.5% of the issued Ordinary Share Capital of the Company from the proceeds of selling their existing Ordinary Shares back to the Company and (ii) a Top-up Offer to issue up to 1,252,593 additional Ordinary Shares.

The Directors of the Company are pleased to announce that in respect of the tax year 2013/14, on 11 April 2013, in accordance with the terms of the SRRP:

  • A total of 523,235 Ordinary Shares were purchased for cancellation at a price of 87.9p per Ordinary Share. 

  • A total of 507,480 Ordinary Shares were allotted in respect of the proceeds of the shares tendered for cancellation at a price of approximately 90.6185p per Ordinary Share. 

The Directors of the Company are also pleased to announce that 53,015 Ordinary Shares were allotted in respect of the tax year 2013/14 under the Top-up Offer on 11 April 2013 at a price of 90.6185p per Ordinary Share.

The Top-up Offer and the SRRP are now closed.

Application for the total of 560,495 Ordinary 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 at the earliest practical opportunity.




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 Income VCT 3 plc via Thomson Reuters ONE

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