Downing TWO VCT plc
31 March 2016
Issue of Equity
The Directors of Downing TWO VCT plc are pleased to announce an allotment on 31 March 2016 totalling 2,116,491 K shares of 0.1p each ("K Shares") payable at an average price of 102.64p per share pursuant to the Offers for Subscription that opened on 15 December 2015.
Application for the K 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 practicable opportunity.
Following this allotment, the issued share capital and total voting rights of the Company is as follows:
| Shares in issue | Voting rights per share | Voting rights | |
| C Shares of 0.1 pence each | 7,126,194 | 1 | 7,126,194 |
| A Shares of 0.1 pence each | 10,724,029 | - | |
| D Shares of 0.1 pence each | 10,000,000 | 1 | 10,000,000 |
| E Shares of 0.1 pence each | 14,950,000 | - | |
| F Shares of 0.1 pence each | 10,822,154 | 1 | 10,822,154 |
| G Shares of 0.1 pence each | 25,386,546 | 1 | 25,386,546 |
| K Shares of 0.1 pence each | 7,370,266 | 1 | 7,370,266 |
| Total voting rights | 60,705,160 |
Included in this issue of equity, and that on 18 February 2016, that took place under the Offer for Subscription that opened on 14 December 2015 were allotments to PDMRs as follows:
| Director / PDMR | Shares allotted | Issue price | |
| Grant Whitehouse | PDMR | 25,000 | 100.00p |
| Hugh Gillespie | Director | 4,956 | 100.00p |
Following this allotment, Grant Whitehouse's shareholding in the Company is summarised as follows:
| Share class | Shareholding | % of shares in issue |
| A Shares | 215,252 | 2.01% |
| E Shares | 250,000 | 1.67% |
| G Shares | 39,489 | 0.16% |
| K Shares | 25,000 | 0.10% |
Following this allotment, Hugh Gillespie's shareholding in the Company is summarised as follows:
| Share class | Shareholding | % of shares in issue |
| C Shares | 5,250 | 0.07% |
| A Shares | 5,250 | 0.05% |
| G Shares | 4,900 | 0.02% |
| K Shares | 4,956 | 0.02% |