Downing FOUR VCT Plc

Shareholder information

Existing shareholders

On 13 June 2022 Downing announced that it had exchanged contracts to sell its non-healthcare ventures business to Foresight Group Holdings Limited. The sale includes the transfer of the investment management contract for Downing FOUR VCT plc.

You can find the RNS announcement for Downing FOUR VCT plc here. A press release is also on our website. Full details of the risks of investing in a VCT can be found here.

Additional Information

  • Current NAVs and total returns
    Share classNAV dateNAVTotal returnNotes
    Ventures Shares31 January 202267.9p73.15pUnaudited
    Healthcare Shares31 January 202283.2p88.45pUnaudited
    AIM Shares6 January 2022100.0p100.0pUnaudited
    DSO D Shares30 September 20212.4p104.4pUnaudited and adjusted for a dividend of 7.5p paid on 28 Jan 2022 and an estimated performance incentive of 0.3p per DSO D Share
    DP67 Ordinary Shares30 September 202119.5p87.3pUnaudited





    DP2011 General Ordinary Shares27 September 2019-70.0pReturn of funds now complete
    DP2011 General A Shares27 September 2019-35.595pReturn of funds now complete
    DP2011 Structured Ord Shares27 September 2019-70.0pReturn of funds now complete
    DP2011 Structured A Shares27 September 2019-35.059pReturn of funds now complete



  • Share prices
  • Forthcoming Dividends

    No dividends currently announced.

  • Dividend history

    Ventures Shares

    Date PaidTypePence per share
    25/09/2020Interim2.50
    24/09/2021Final2.75

    Total5.25

    Healthcare Shares

    Date PaidTypePence per share
    25/09/2020Interim2.50
    24/09/2021Final2.75

    Total5.25

    DSO D Shares

    Date PaidTypePence per share
    28/09/2012Final2.50
    25/01/2013Interim2.50
    13/09/2013Final2.50
    24/01/2014Interim2.50
    30/09/2014Final2.50
    30/01/2015Interim2.50
    30/09/2015Final2.50
    23/12/2015Interim2.50
    30/09/2016Final2.50
    06/01/2017Interim2.50
    29/09/2017Final2.50
    02/11/2017Special25.00
    13/08/2018Special24.00
    29/11/2019Special18.00
    28/01/2022Special7.50

    Total102.00


    DP67 Ordinary Shares

    Date PaidTypePence per share
    31/07/2008Final1.75
    31/07/2009Final2.00
    30/07/2010Final2.00
    22/07/2011Final2.00
    29/06/2012Final2.00
    28/06/2013Final4.00
    25/07/2014Final4.00
    25/07/2015Final4.00
    23/12/2015Interim2.00
    30/09/2016Final2.00
    06/01/2017Interim2.00
    29/09/2017Final2.00
    16/03/2018Special20.00
    29/11/2019Special18.00

    Total67.75


    Old Share Classes:

    DSO Ordinary Shares

    Date PaidTypePence per share
    25/09/2009Interim2.50
    29/01/2010Interim2.50
    30/09/2010Final2.50
    28/01/2011Interim2.50
    30/09/2011Final2.50
    27/01/2012Interim2.50
    28/09/2012Final2.50
    25/01/2013Interim2.50
    19/07/2013Interim15.00
    24/01/2014Interim2.50
    30/09/2014Final2.50
    20/03/2015Capital40.00
    24/03/2016Special36.16

    Total116.16

    DSO A Shares

    Date PaidTypePence per share
    24/03/2016Special15.50

    Total15.50


    DSO B Shares

    Date PaidTypePence per share
    30/09/2010Final2.50
    28/01/2011Interim2.50
    30/09/2011Final2.50
    27/01/2012Interim2.50
    28/09/2012Final2.50
    25/01/2013Interim2.50
    13/09/2013Final2.50
    24/01/2014Interim2.50
    30/09/2014Final10.00
    30/01/2015Interim2.50
    23/12/2015Capital40.00
    24/03/2016Special19.00
    26/01/2018Special4.444

    Total95.944

    DSO C Shares

    Date PaidTypePence per share
    26/01/2018Special10.939

    Total10.939


    DP2011 Structured Ordinary Shares

    Date PaidTypePence per share
    18/05/2012Final5.00
    30/11/2012Interim2.50
    17/05/2013Final2.50
    22/11/2013Interim2.50
    16/05/2014Final2.50
    21/11/2014Interim2.50
    29/05/2015Second Interim2.50
    23/12/2015Interim2.50
    02/09/2016Special32.50
    17/02/2017Interim10.00
    02/11/2017Special5.00

    Total70.00


    DP2011 Structured A Shares

    Date PaidTypePence per share
    02/11/2017Special20.00
    13/08/2018Interim5.00
    27/09/2019Special10.059

    Total35.059


    DP2011 General Ordinary Shares

    Date PaidTypePence per share
    18/05/2012Final5.00
    30/11/2012Interim2.50
    17/05/2013Final2.50
    22/11/2013Interim2.50
    16/05/2014Final2.50
    21/11/2014Interim2.50
    29/05/2015Second Interim2.50
    23/12/2015Interim2.50
    02/09/2016Special22.50
    17/02/2017Special10.00
    02/11/2017Special15.00

    Total70.00


    DP2011 General A Shares

    Date PaidTypePence per share
    02/11/2017Special15.00
    13/08/2018Interim7.00
    27/09/2019Special13.595

    Total35.595


    DP2011 Low Carbon Ordinary Shares

    Date PaidTypePence per share
    23/12/2015Interim2.50
    27/05/2016Special50.00
    16/03/2018Special33.40

    Total85.90

    DP2011 Low Carbon Ordinary Shares (Pre-merger)

    Date PaidTypePence per share
    18/05/2012Final5.00
    30/11/2012Interim2.50
    17/05/2013Final2.50
    22/11/2013Interim2.50
    16/05/2014Final2.50
    21/11/2014Interim2.50
    29/05/2015Second interim2.50

    Total20.00


  • Share Buybacks

    Downing FOUR operates a policy of buying in its Ventures, Healthcare and AIM shares that become available in the market at a price approximately equal to a nil discount to the most recently announced NAV, subject to regulatory, liquidity and other considerations and allowing for stamp duty that may be incurred by the Company.

    Details of how to sell your VCT shares can be found at this link.

    If you are considering selling your shares, the VCT’s Corporate Broker, Panmure Gordon (UK) Limited (“Panmure”) can provide details of closed periods and the likely timing of when buybacks will take place. Panmure can be contacted as follows:

    Chris Lloyd
    020 7886 2716
    chris.lloyd@panmure.com

    Paul Nolan
    020 7886 2717
    paul.nolan@panmure.com

  • Merger information

    Downing FOUR VCT is a VCT with a number of share classes with various strategies. It was renamed from Downing Structured Opportunities VCT 1 plc in July 2015.

    On 21 July 2015, the Company merged with three other Downing VCTs.

    The DSO Ordinary/A Share pool completed the task of returning funds to shareholders on 24 March 2016. On 25 August 2016 the DSO Ordinary Shares and DSO A Shares were converted into deferred shares with no value and were cancelled.

    The DSO B/C Share pool completed the task of returning funds to shareholders on 26 January 2018. The DP2011 Low Carbon Share pool completed the task of returning funds to shareholders on 16 March 2018. On 10 April 2018 the DSO B Shares, DSO C Shares and DP2011 Low Carbon Shares were converted into deferred shares with no value and were cancelled. 

    In 2016, the Comapny launched a Generlist share class and a Healthcare share class both of which are "evergreen".

  • Directors
    • Sir Aubrey Brocklebank (Chairman)
    • Howard Flight
    • Chris Allner
    • Dr Andrew Mackintosh
    • Steven Clarke
    • Grant Whitehouse (Company Secretary)
  • Announcements
  • Share Registrars

    With effect from August 2021, the Company’s share register is maintained by:
    The City Partnership (UK) Limited
    The Mending Rooms
    Park Valley Mills
    Meltham Road
    Huddersfield
    HD4 7BH

    Tel: 01484 240 910
    Email: registrars@city.uk.com

    You can see details of your shareholding, transaction and dividend history and update your personal details by using the Downing VCT Investor Hub at: downing-vct.cityhub.uk.com

  • TIDMs, ISINs and SEDOLs
    Share classTIDMISINSEDOL
    DSO D SharesDO1DGB00B6QPQ463B6QPQ46
    DP67 Ordinary SharesD467GB00BWX53D91BWX53D9
    Ventures SharesD4GGB00BDHF5B49BDHF5B4
    Healthcare SharesD4HGB00BDHF5D62BDHF5D6
    AIM SharesD4AGB00BMYXV611BMYXV61


  • Unsolicited telephone calls

    If you have received an unsolicited telephone call from somebody seeking to buy your VCT shares please visit our Boiler Room Scams page for more details.

We're here to help

If you are a financial adviser, or discretionary fund manager please call us on 020 7630 3319 or email us at sales@downing.co.uk.

If you are a private investor please call us on 020 7416 7780 or email customer@downing.co.uk.