Downing Planned Exit VCT 3 plc
26 January 2010
Issue of Equity
The Directors of Downing Planned Exit VCT 3 plc are pleased to announce an
allotment on 25 January 2010 of 2,595,508 D shares of 0.1p each ("D Shares")
payable at 99.9p per share and 7,595,508 E shares of 0.1p each ("E Shares")
payable at 0.1p per share pursuant to the Offers for Subscription that opened on
6 November 2009.
Application for the D Shares and E 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 at the earliest practical opportunity.
D Shares issued to Directors included within the above allotment, is summarised
as follows:
Number of D % of D
Shares issued Shares at % of D Shares
on 25 January today's assuming full
2010 date subscription
Hugh Gillespie Director 5,237 0.14% 0.05%
E Shares issued to Directors and members of Management (including spouses)
included within the above allotment, is summarised as follows:
Number of E % of E
Shares issued Shares at % of E Shares
on 25 January today's assuming full
2010 date subscription
Colin Corbally Management 650,000 7.47% 4.33%
Hugh Gillespie Director 5,237 0.06% 0.03%
Nicholas Lewis Management 1,500,000 17.24% 10.00%
Tony McGing Management 500,000 5.75% 3.33%
Grant Whitehouse Management 750,000 8.62% 5.00%
Total 3,405,237 39.14% 22.70%
The Offers for Subscription are expected to remain open until 5 April 2010 in
respect of the 2009/2010 tax year and 30 April 2010 in respect of the 2010/2011
tax year unless previously extended or fully subscribed earlier.
[HUG#1377448]