Downing THREE VCT plc
18 December 2013
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 11 February 2014.
The Offers opened on 18 December 2013 and are expected to close no later than 4 April 2013 in the case of the 2013/14 Offer and 30 April 2013 in the case of the 2014/15 Offer (unless previously extended). The Offers are for up to 25,000,000 H Shares in the Company.
A downloadable version of the Securities Note is 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
10 Lower Grosvenor Place
London SW1W 0EN
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.hemscott.com/nsm.do