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Issue of Equity

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Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
6 June 2022
Issue of Equity

The Directors of Downing FOUR VCT plc announce allotments on 6 June 2022 of Ventures Shares of 0.1p each (“Ventures Shares”), Healthcare Shares of 0.1p each (“Healthcare Shares”) and AIM Shares of 0.1p each (“AIM Shares”) pursuant to the Offers for Subscription which opened on 12 August 2021 (“Offers”) as follows:

 

Shares

Average
issue price
per share

Ventures Shares

224,370

69.45

Healthcare Shares

119,867

85.64

AIM Shares

114,892

102.13

Additionally, in accordance with the prospectus dated 12 August 2021, Management Shares were issued to members of the Management to be held in a designated Nominee as follows:

 

Shares

Issue price
per share

Ventures Shares

2,759,758

0.1

Healthcare Shares

1,106,592

0.1

An agreement is in place whereby the Management Shares will not be voted and any dividends will be waived until the Performance Hurdles are met.

Application for all these shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities will be made shortly. Dealings are expected to commence on or around 13 June 2022.

The Offers are now closed.

Following these allotments, the issued share capital and total voting rights (excluding management shares) of the Company are summarised follows:

 

 

Voting

 

 

Shares

rights

Voting

 

in issue

per share

rights

DSO D Shares

7,867,247

232

1,825,201,304

DP67 Ordinary Shares

11,192,136

375

4,197,051,000

Ventures Shares

55,904,598

860

48,077,954,280

Healthcare Shares

22,848,257

1,146

26,184,102,522

AIM Shares

2,695,803

1,146

3,089,390,238

Total Voting Rights

 

 

83,373,699,344


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