Downing FOUR VCT plc Completion Of Sale Of Downing Non-healthcare Ventures Business To Foresight Group And Novation Of Investment Management Agreement
05 Julho 2022 - 3:00AM
UK Regulatory
TIDMD467
Downing FOUR VCT plc
LEI: 21380035MV1VRYEXPR95
5 July 2022
Completion of Sale of Downing non-healthcare ventures business
to Foresight Group and Novation of Investment Management
Agreement
Further to the announcement released by Downing FOUR VCT plc
("Downing FOUR" or "the Company"), at 7:04 am on 13 June 2022, the
Company confirms Downing LLP ("Downing"), the Company's investment
manager, has now completed the sale of its non-healthcare ventures
business to Foresight Group LLP ("Foresight"). The Company's
Investment Management Agreement (with the exception of the
management of the Healthcare share pool) has also now been novated
from Downing to Foresight as planned.
As previously reported, the management of the Company's
Healthcare share pool has been retained by Downing. Downing will
also continue to provide administration services, and investment
management services in respect of the AIM share pool and for
non-ventures portfolio investments (primarily in the planned exit
share pools which are being wound down) 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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