Downing Protected VCT II plc and Downing Protected VCT III plc
25 September 2008
Offers for Subscription
Downing Protected VCT II plc and Downing Protected VCT III plc (the
"Companies") announce that they have published a Prospectus
(comprising a Securities Note, Registration Document and Summary) to
raise, in aggregate, up to Â£30 million (the "Offers").
The Companies have also published a Circular seeking shareholder
approval for matters in connection with the Offers and giving notice
for General Meetings to be held on 12 November 2008.
The Offers opened on 25 September 2008 and are expected to close no
later than 5 April 2009 in the case of the 2008/09 Offer and 30 April
2009 in the case of the 2009/10 Offer (unless previously extended).
The Offers are for up to 15,000,000 C Shares and up to 15,000,000 A
Shares in each Company. The C Shares will be issued at a price of
99.9 pence each and the A Shares at a price of 0.1 pence each.
To obtain a copy of the Securities Note, private investors and
financial advisers should call 020 7416 7780. A downloadable version
of the Securities Note will also be available from www.downing.co.uk.
A copy of the Prospectus (comprising a Securities Note, Registration
Document and Summary) is available, free of charge, from the
Companies' registered office:
Downing Corporate Finance Limited
Kings Scholars House
230 Vauxhall Bridge Road
London SW1V 1AU
The Prospectus and Circular have been submitted to the UKLA, and will
be available for inspection at the UKLA's Document Viewing Facility,
which is situated at:
Financial Services Authority
25 The North Colonnade
London E14 5HS
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