Downing Planned Exit VCT 2 - G Shares - The Tax Shelter Report
Downing Planned Exit VCT 2 - G Shares - The Tax Shelter Report
Downing Planned Exit VCT 2 - G Shares - The Tax Shelter Report
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Contents<br />
RiskFactors<br />
LetterfromtheChairmanoftheCompany<br />
Page<br />
1<br />
2<br />
PartI – <strong>The</strong>Offers <br />
Introduction 3<br />
ReasonsfortheOffers 3<br />
<strong>Tax</strong>ationBenefitstoInvestors 4<br />
Income 4<br />
InvestmentPolicy 5<br />
ShareBuybackPolicy 6<br />
RealisationPlans 6<br />
Management 6<br />
TrackRecordoftheCompany 7<br />
CoInvestmentPolicy 7<br />
Directors 7<br />
Charges 8<br />
OtherInformation 8<br />
ForwardLookingStatements 9<br />
PartII – <strong>Tax</strong>ation 10<br />
PartIII – FinancialInformation 11<br />
PartIV – Definitions 13<br />
PartV – AdditionalInformation 15<br />
PartVI – TermsandConditionsofApplication 17<br />
PartVII – OfferDetails&Charges 19<br />
NotesonApplicationForm<br />
ApplicationForm<br />
<br />
OfferStatistics<br />
<br />
<br />
InitialNAVperGShareatthecloseoftheOffers<br />
100.00p<br />
NetproceedsoftheOffers,atFullSubscription,ignoringtheoverallotmentfacility<br />
£25,000,000<br />
NumberofG<strong>Shares</strong>inissue,followingtheOffers,atFullSubscription,ignoringtheoverallotmentfacility 25,000,000<br />
<br />
IftheMinimumSubscriptionisnotreceivedby3.00p.m.on5April2013,theOfferswillbewithdrawn.Intheeventthat<br />
theMinimumSubscriptionisnotreceived,subscriptionmonieswillbereturnedtoInvestorswithinsevendaysof5April<br />
2013,attheirownrisk,withoutinterest.<br />
<br />
EarlyApplications<br />
InvestorswhosubmitApplicationFormsthatarereceivedandacceptedby5.00p.m.on28February2013willbenefitfrom<br />
the offer charges being reduced by 1% of the amount subscribed under the Offers (the cost will be met by <strong>Downing</strong><br />
throughanequivalentreductioninitsPromoter’sFee).
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