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 ONE VCT plc.
You can find the RNS announcement for Downing ONE 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
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Current NAV and Total Return
Share class NAV date NAV Total Return Notes Ordinary Shares 31 January 2022 61.65p* 102.9p *Adjusted for a dividend of 1.25p per share paid 25 Feb 2022
Total Return measured since 2013 merger -
Share prices
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Forthcoming Dividends
No forthcoming dividends currently announced
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Dividend history
Ordinary Shares - Past Dividends
Date Paid Type Pence per share 28/03/2014 Interim 2.00 19/09/2014 Final 2.00 20/02/2015 Interim 2.00 07/08/2015 Final 3.00 26/02/2016 Interim 3.00 12/08/2016 Final 3.00 24/02/2017 Interim 3.00 18/08/2017 Final 4.50 23/02/2018 Interim 3.00 24/08/2018 Final 3.00 22/02/2019 Interim 3.00 30/08/2019 Final 2.00 28/02/2020 Interim 2.00 18/09/2020 Final 2.00 26/02/2021 Interim 1.25 27/08/2021 Final 1.25 25/02/2022 Final 1.25 Total 41.25 -
Dividend Reinvestment
Terms and conditions for the Dividend Reinvestment Scheme can be found here.
If you wish to enrol in the Dividend Reinvestment Scheme, please complete and submit the Dividend Reinvestment Mandate form. This can also be done on the Investor Hub:
downing-vct.cityhub.uk.com
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Share Buybacks
Downing ONE operates a policy of buying in shares that become available in the market at a price approximately equal to a 5% 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.comPaul Nolan
020 7886 2717
paul.nolan@panmure.com -
Merger information
On 12 November 2013, proposals were approved for the merger of six Downing VCTs, and the company has since been renamed Downing ONE VCT plc:
- Downing Distribution VCT 1 plc were converted at a ratio of 0.713
- Downing Income VCT plc Ordinary Shares were converted at a ratio of 0.353
- Downing Income VCT 3 plc Ordinary Shares were converted at a ratio of 0.916
- Downing Income VCT 3 plc E Shares were converted at a ratio of 0.870
- Downing Income VCT 4 plc Ordinary Shares were converted at a ratio of 0.387
- Downing Absolute Income VCT 1 plc Ordinary Shares were converted at a ratio of 0.842
- Downing Absolute Income VCT 1 plc C Shares were converted at a ratio of 0.705
- Downing Absolute Income VCT 2 plc Ordinary Shares were converted at a ratio of 0.688
- Downing Absolute Income VCT 2 plc A Shares were converted at a ratio of 0.001
Merger April 2010
Formerly known as AIM Distribution Trust plc, Pennine AIM VCT 5 plc and Pennine AIM VCT 6 plc were also merged with this VCT. Shares converted at the following ratios:- AIM Distribution Trust shares were converted at a ratio of 0.34955038.
- Pennine AIM VCT 5 shares were converted at a ratio of 0.30448703.
- Pennine AIM VCT 6 shares were converted at a ratio of 0.40564181.
SRRP April 2012
In April 2012, the Company undertook an SRRP under which shares were purchased at 77.1p per share and issued at 77.9p per share. -
Directors
- Chris Kay (Chairman)
- Chris Allner
- Barry Dean
- Stuart Goldsmith
- Grant Whitehouse (Company Secretary)
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Announcements
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Share Registrar
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 7BHTel: 01484 240 910
Email: registrars@city.uk.comYou 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
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TIDMs, ISINs and SEDOLs
Share class TIDM ISIN SEDOL Ordinary Shares DDV1 GB00BFRSVQ41 BFRSVQ4 -
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.
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None of the information provided is investment or tax advice.
You should always read the associated risks before deciding whether to invest. These can be found on the product pages as well as in our risks overview.
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