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 each19,911,0702064,101,680,420
DSO C Shares of 0.1 pence each29,926,070129,926,070
DSO D Shares of 0.1 pence each7,867,2479257,277,203,475
DP2011 General Ordinary Shares of 0.1 pence each15,644,0662133,332,186,058
DP2011 General A Shares Shares of 0.1 pence each18,418,6141132,081,303,382
DP2011 Structured Ordinary Shares of 0.1 pence each10,678,7252192,338,640,775
DP2011 Structured A Shares of 0.1 pence each12,572,817        1131,420,728,321
DP2011 Low Carbon Ordinary Shares of 0.1 pence each7,575,4195003,787,709,500
DP67 Ordinary Shares of 0.1 pence each11,239,7857508,429,838,750
Generalist Shares of 0.1 pence each2,571,0471,1462,946,419,862
Healthcare Shares of 0.1 pence each1,470,6941,1461,685,415,324
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 McGingPDMR50,00050,000100.0p100.0p

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


Share class

% of shares
 in issue
DSO B Shares47,6390.24%
DSO C Shares947,6393.2%
DSO D Shares30,5040.4%
DP2011 General A Shares297,9341.62%
DP2011 Structured A Shares206,5051.64%
DP67 Ordinary Shares52,1400.46%
Generalist Shares50,0001.94%
Healthcare Shares50,0003.4%

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 FOUR VCT plc via GlobeNewswire