Downing Income VCT 4 plc Downing Income VCT 4 plc : Share Realisation and Reinvestment Programme ("SRRP") and Top-up Offer
March 21 2013 - 11:53AM
UK Regulatory
TIDMDI4O
Downing Income VCT 4 plc
21 March 2013
Share Realisation and Reinvestment Programme ("SRRP") and Top-up Offer
On 17 December 2012, 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 2,000,000 additional Ordinary Shares.
The Directors of the Company are pleased to announce that, on 21 March 2013, in
accordance with the terms of the SRRP:
· A total of 5,370,466 Ordinary Shares were purchased for cancellation
at a price of 35.0p per Ordinary Share.
· A total of 5,209,272 Ordinary Shares were allotted in respect of the
proceeds of the shares tendered for cancellation at a price of approximately
36.0824p per Ordinary Share.
The Directors of the Company are also pleased to announce that 135,109 Ordinary
Shares were allotted under the Top-up Offer on 21 March 2013 at a price of
36.0824p per Ordinary Share.
The Top-up Offer and the SRRP are now closed.
Application for the total of 5,344,381 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 4 plc via Thomson Reuters ONE
[HUG#1687218]
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