Downing ONE VCT plc

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IFAs, wealth managers or other FCA regulated persons

I am an authorised adviser in respect of investments my clients may wish to make through Downing LLP.

I make this statement so that I can receive promotional communications relating to non-readily realisable securities as an adviser who specialises in advising on investments. I confirm that I am sufficiently qualified to provide clients with advice about the suitability of Downing’s investments.

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I have taken advice from an authorised adviser in respect of any investments I may wish to make through Downing LLP.

I make this statement so that I can receive promotional communications relating to non-readily realisable securities as an advised investor. I declare that I qualify as an advised investor because:

(a) I am already a client of a regulated firm, such as an Independent Financial Adviser or Wealth manager; (“my financial adviser”); and

(b) My financial adviser will advise my about whether any investment are suitable where I viewed the investment details through Downing’s website.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested.

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I confirm that one or more of the following criteria applies to me.

1) I have a total annual income or £100,000 or more during the last 12 months;

2) I have net assets of £250,000 or more (not including my primary residence, or assets due under an insurance contract, or pension or termination benefits).

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-readily realisable securities. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:

(a) I had, throughout the financial year immediately preceding the date below, an annual income to the value of £100,000 or more;

(b) I held, throughout the financial year immediately preceding the date below, net assets to the value of £250,000 or more.

Net assets for these purposes do not include:

(i) the property which is my primary residence or any loan secured on that property;

(ii) any rights of mine under a qualifying contract of insurance; or

(iii) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be, entitled.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from someone who specialises in advising on investments.

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I confirm that one or more of the following criteria applies to me:

1) I have been a director of a company with an annual turnover of £1 million or more in the last 12 months;

2) I have made more than one investment in an unlisted company in the last year

3) I have been a member of a group of business angels for at least 6 months

4) I have worked in the finance industry in an active professional capacity, financing small and medium firms in the last 24 months.

I declare that I am a self-certified sophisticated investor for the purposes of the non-readily realisable securities. I understand this means:

(a) I can receive promotional communications made by a person who is authorised by the Financial Conduct Authority which relate to investment activity in non-readily realisable securities;

(b) the investments to which the promotions will relate may expose me to a significant risk of losing all of the property invested I am a self-certified sophisticated investor because at least one of the following applies:

(i) I am a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date below;

(ii) I have made more than one investment in an unlisted company in the two years prior to the date below;

(iii) I am working, or have worked in the two years prior to the date below, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises;

(iv) I am currently, or have been in the two years prior to the date below, a director of a company with an annual turnover of at least £1 million.

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I agree to invest no more than 10% of my savings (including shares, bonds, ISAs and property, excluding my primary residence) into investments that cannot be easily sold.

I make this statement so that I can receive promotional communications relating to non-readily realisable securities as a restricted investor. I declare that I qualify as a restricted investor because:

(a) in the 12 months preceding the date below, I have not invested more than 10% of my net assets in non-readily realisable securities; and

(b) I undertake that in the 12 months following the date below, I will not invest more than 10% of my net assets in non-readily realisable securities.

Net assets for these purposes do not include:

(a) the property which is my primary residence or any money raised through a loan secured on that property;

(b) any rights of mine under a qualifying contract of insurance; or

(c) any benefits (in the form of pensions or otherwise) which are payable on the termination of my service or on my death or retirement and to which I am (or my dependants are), or may be entitled.

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me to seek advice from an authorised person who specialises in advising on non-readily realisable securities.

By clicking confirm, I have read and agreed with these terms and conditions

Downing ONE VCT plc

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A generalist VCT with a hybrid strategy investing in unquoted and AIM-quoted businesses.

Raised to date

£10.4m

£20.0m

Introduction

Downing ONE was created by a merger of six VCTs managed by Downing LLP in November 2013. It is now one of the largest and most diversified VCTs in the UK with a current portfolio of approximately 100 companies, and net assets of approximately £73 million.

Downing ONE has a hybrid investment strategy which focuses on unquoted, income-generating investments (comprising 61% of the current portfolio) and AIM-quoted, growth investments (39% of current portfolio).

The dividend policy is to target annual dividends of at least 4% of net asset value per annum (paid biannually), which equates to a tax free yield of 5.7% based on the current offer price net of 30% income tax relief.

Closing date now extended to 28 August 2015 at 3:00 pm

The over-allotment facility of a further £10m has now been exercised.

Subscription amount

Minimum subscription: £5,000	Maximum subscription: £200,000 per tax year

Method of payment for application

Payments for applications can be made by cheque, made payable to:

Downing ONE VCT plc, or by electronic bank transfer using the payment details below.

Account Name:

Downing ONE VCT plc

Account Number:

00624161

Sort Code:

16-01-09

How to apply

If you would like to invest, please first read the Securities Note before completing an application form.

Key risks

The key risks are set out below. Please read the Securities Note for a full list of risk factors:

The tax reliefs are not guaranteed: the availability of the tax reliefs depends on the companies invested in maintaining their qualifying status. If the VCT does not maintain VCT qualifying status investors could lose the upfront 30% income tax relief and all other tax reliefs. All tax reliefs are subject to change in the future and personal circumstances. Please refer to HM Revenue & Customs’ website for further guidance on the tax reliefs available on VCT investments.
Investments are long term and high risk: it may prove difficult for shareholders to sell their shares at a fair price, or at all.
Investment performance: the VCT will invest in small unquoted and AIM-quoted companies which, by their nature, are higher risk than larger “bluechip” companies. Shares in such companies may be difficult to sell.
You cannot rely on past performance: past performance is not a reliable indicator of future performance.
Investment restrictions: the VCT’s ability to obtain maximum value from its investments may be limited by the VCT rules. Changes in the VCT rules may be applied retrospectively and may reduce the level of returns for investors.
Speculative risk: the value of shares may go down as well as up and shareholders may not receive back the full amount invested. In addition, there is no certainty as to the level of exit proceeds.

Important Notice

Investing in our products will place your capital at risk and you may not get back the full amount invested. Any tax treatment may be subject to change and the availability and value of the reliefs depend on the individual circumstances of each investor. The availability of tax reliefs also depends on the investee companies maintaining their qualifying status.

Further information can be found at HMRC’s website. Neither past performance or forecasts are reliable indicators of future results and should not be relied upon. Unquoted or smaller company shares are likely to have higher price fluctuations and are likely to be more difficult to sell than shares quoted on the London Stock Exchange Official List. Website content is not intended to constitute investment, tax or legal advice. We recommend you seek independent advice before investing in any of our products.

I have read and understood the risk factors and wish to proceed

Please select your category from the list below. I am a/an:

Downing ONE VCT plc

Raised to date

Introduction

Subscription amount

Method of payment for application

How to apply

Key risks

Important Notice

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