19th Sep 2019 18:33
(Alliance News) - Downing One VCT PLC on Thursday said it plans to raise GBP15.0 million through a share subscription offer.
The venture capital trust said the offer equates to roughly 18.2 million shares and is subject to approval of the prospectus form by regulators.
Downing also said the the offer includes an overallotment facility to issue a further GBP25.0 million worth of shares.
The offer will open on Friday, Downing said, and is scheduled to close on April 3, 2020 - though it could end earlier if it is fully-subscribed.
Shares in Downing One closed flat at 72.00 pence each in London on Thursday.
Related Shares:
DDV1.L