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Company Description

Downing THREE VCT PLC formerly known as Downing Planned Exit VCT 3 PLC, is a venture capital trust incorporated on January 17, 2005. Its objectives are to maintain VCT status to enable shareholders to benefit from tax reliefs available on an investment in a VCT; reduce the risks normally associated with VCT investments; target a taxfree return to investors of atleast 9% per annum (based on a cost of 70p per share net of income tax relief) over the life of the shares(expected to be approximately six years); and target an annual dividend of atleast 5p per share...