Downing Protected VCT III plc
25 September 2009
Issue of Equity
The Directors of Downing Protected VCT III plc are pleased to
announce an allotment on 11 September 2009 of 396,263 C shares of
0.1p each ("C Shares") payable at 99.9p per share and 396,263 A
shares of 0.1p each ("A Shares") payable at 0.1p per share pursuant
to the Offers for Subscription that opened on 25 September 2008.
The Company now has 7,173,376 C Shares in issue. In accordance with
the Prospectus dated 25 September 2008, 3,913,312 of the 7,500,000 A
Shares originally issued to Management ("Management A Shares") have
now been converted to worthless Deferred Shares, such that 10,760,064
A Shares remain in issue.
The Offer for Subscription is now closed.
A summary of holdings in the Company by Management following the
closure of the Offer and the conversion of the A Shares into Deferred
Shares is as follows.
No. of
Ordinary % of No. of % of
Shares class A Shares class
Paul Beaumont Management 20,900 0.29% 236,102 2.19%
Jonathan Boss Management 20,900 0.29% 379,569 3.53%
Laurence Callcut Management - 0.00% 53,800 0.50%
Pierre Clarke Management - 0.00% 215,202 2.00%
Colin Corbally Management 20,900 0.29% 666,504 6.19%
Steven Kenee Management - 0.00% 107,600 1.00%
Siobhan Lavery Management - 0.00% 35,866 0.33%
Karen Leo Management - 0.00% 35,866 0.33%
Lena Leontovych Management - 0.00% 35,866 0.33%
Nicholas Lewis Management 52,250 0.73% 1,235,858 11.49%
Tony McGing Management - 0.00% 430,403 4.00%
Joanne Weaver Management - 0.00% 53,800 0.50%
Grant Whitehouse Management 15,637 0.22% 230,839 2.15%
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