Downing FOUR VCT plc : Issue of Equity Downing FOUR

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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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