Downing One VCT Plc Completion Of Sale Of Downing Non-healthcare Ventures Business To Foresight Group And Novation Of Investment Services Agreement
05 Juillet 2022 - 8:00AM
UK Regulatory
TIDMDDV1
Downing ONE VCT plc
LEI: 213800R88MRC4Y3OIW86
5 July 2022
Completion of Sale of Downing non-healthcare ventures business
to Foresight Group and Novation of Investment Services
Agreement
Further to the announcement released by Downing ONE VCT plc
("Downing ONE" or "the Company"), at 7:03 am on 13 June 2022, the
Company confirms Downing LLP ("Downing"), the Company's investment
adviser, has now completed the sale of its non-healthcare ventures
business to Foresight Group LLP ("Foresight"). The Company's
Investment Services Agreement has also now been novated from
Downing to Foresight as planned.
As previously reported, Downing will continue to provide
administration services and investment advisory services in respect
of non-ventures portfolio investments (mainly AIM-quoted and yield
focussed investments) for a transitional period.
The Board also confirms that it is planning to change the
Company's name. Further details will be announced in due
course.
Enquiries
Grant Whitehouse
Company Secretary
Tel: 020 7630 4333
(END) Dow Jones Newswires
July 05, 2022 02:00 ET (06:00 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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