Downing Two VCT Downing Two Vct Plc : Share Class Cancellations
11 Julio 2018 - 8:43AM
UK Regulatory
TIDMDP2F
Downing TWO VCT plc
LEI: 213800HJGTPW7F8YEY55
Cancellation of listing of D Shares and E Shares (together, "the
Shares") and cessation of trading of the Shares
11 July 2018
Downing TWO VCT plc (the "Company") announces that, with respect to the
above Share classes, the process of returning funds to Shareholders has
been completed. The dividend payments, of 23.88p per D Share and 0.1p
per E Share on 22 December 2017, represented the return of the residual
capital associated with the Shares to Shareholders, marking the end of
the life cycle of the Shares.
The Directors are authorised under the Company's articles of association
("Articles") to convert any Share class with a NAV of less than
GBP25,000 into deferred shares, which may be bought back and cancelled
by the Company for a nominal amount (a "Conversion"). As this threshold
was met in respect of each of the above classes of Shares, the Directors
resolved, in accordance with the Articles, to proceed with a Conversion
of the D Shares and E Shares, and to repurchase all such Shares for
cancellation. The conversion was carried out on 11 July 2018, and the
resulting deferred shares were immediately repurchased and cancelled.
The Company will shortly write to the UKLA requesting the removal of the
Shares from the Official List.
For further information, please contact:
Downing LLP
Telephone: 020 7416 7780
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the information
contained therein.
Source: Downing TWO VCT plc via Globenewswire
(END) Dow Jones Newswires
July 11, 2018 09:43 ET (13:43 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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