Downing THREE VCT plc
20 March 2015
Issue of Equity
The Directors of Downing THREE VCT plc announce an allotment on 20 March 2015 of J shares of 0.1p each ("J Shares") pursuant to the Offer for Subscription that opened on 11 December 2014 ("Offer") as follows:
2,112,585 J Shares at an average price of 101.82p
Application for the J 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 26 March 2015.
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 | 13,446,972 | 1 | 13,446,972 |
| J Shares of 0.1 pence each | 3,944,817 | 1 | 3,944,817 |
| Total voting rights | 45,350,884 |
Included in the issue of equity on 20 March 2015 that took place under the Offer for Subscription that opened on 11 December 2014 was an allotment to a director of the Company as follows:
| Director / PDMR | Shares allotted | Issue price | |
| Jonathan Boss | PDMR | 8,208 | 100.5p |
| Grant Whitehouse | PDMR | 11,819 | 100.5p |
Following this allotment, Jonathan Boss's shareholding in the Company is summarised as follows:
| Share class | Shareholding | % of shares in issue |
| A Shares | 379,569 | 3.53% |
| C Shares | 20,900 | 0.29% |
| D Shares | - | - |
| E Shares | 425,000 | 2.83% |
| F Shares | 12,937 | 0.12% |
| H Shares | - | - |
| J Shares | 8,208 | 0.06% |
Following this allotment, Grant Whitehouse's shareholding in the Company is summarised as follows:
| Share class | Shareholding | % of shares in issue |
| A Shares | 230,839 | 2.15% |
| C Shares | 15,637 | 0.22% |
| D Shares | 10,476 | 0.10% |
| E Shares | 260,476 | 1.74% |
| F Shares | 10,350 | 0.10% |
| H Shares | 29,400 | 0.23% |
| J Shares | 11,819 | 0.09% |