Downing THREE VCT plc
11 December 2014
Offers for Subscription
Downing THREE VCT plc (the "Company") announces that it has published a Prospectus (comprising a Securities Note, Registration Document and Summary) to raise up to £25 million net proceeds (the "Offers") through a new share class issue.
The Company has also published a circular (the "Circular") seeking shareholder approval for matters in connection with the Offers and giving notice for a General Meeting to be held on 8 January 2015.
The Offers opened on 11 December 2014 and are expected to close no later than 3.00pm on 2 April 2015 in the case of the 2014/15 Offer and 3.00 pm on 30 April 2015 in the case of the 2015/16 Offer (unless previously extended). The Offers are for up to 25,000,000 J Shares in the Company.
A downloadable version of the Securities Note will be available from www.downing.co.uk. Printed copies can also be requested by calling 020 7416 7780.
A copy of the Prospectus (comprising a Securities Note, Registration Document and Summary) and Circular is available, free of charge, from the Company's registered office:
Downing LLP
Ergon House,
Horseferry Road,
London
SW1P 2AL
In accordance with the Listing Rules, the Prospectus and Circular have been submitted to the National Storage Mechanism and will shortly be available for inspection at: www.morningstar.co.uk/uk/nsm