Downing THREE VCT plc
4 April 2014
Issue of Equity
The Directors of Downing THREE VCT plc announce an allotment on 4 April 2014 of H shares of 0.1p each ("H Shares") pursuant to the Offer for Subscription that opened on 18 December 2013 ("Offer") as follows:
4,992,938 H Shares at an average price of 104.8p
Included within the above, and the allotment on 18 March 2014, are allotments to Directors and PDMRs as follows:
| Director / PDMR | Shares allotted | Issue price | |
| Colin Corbally | Manager | 19,900 | 100.5p |
| Tony McGing | Manager | 19,900 | 100.5p |
| Grant Whitehouse | Manager | 29,400 | 102.0p |
Application for the H 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 9 April 2014.
The 2013/2014 Offer has now closed. The 2014/2015 Offer will close on 30 April 2014 unless previously extended or fully subscribed at an earlier date.
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 | 7,158,326 | 1 | 7,158,326 |
| A Shares of 0.1 pence each | 10,750,064 | - | |
| D Shares of 0.1 pence each | 9,979,109 | 1 | 9,979,109 |
| E Shares of 0.1 pence each | 14,994,862 | - | |
| F Shares of 0.1 pence each | 10,821,660 | 1 | 10,821,660 |
| H Shares of 0.1 pence each | 9,715,734 | 1 | 9,715,734 |
| Total voting rights | 37,674,829 |