Downing FOUR VCT (GB:D467) has released an update.
Downing FOUR VCT has announced a strategic merger between Thames Ventures VCT 1 PLC and Thames Ventures VCT 2 PLC, aiming to create a larger, more cost-efficient venture capital trust with an asset base of approximately £121 million. The merger is expected to bring about significant cost savings, estimated at £260,000 annually, while offering shareholders greater diversification and the ability to maintain consistent dividend payments. The estimated costs of the merger are £495,000, with Foresight Group LLP contributing 20%, reducing the net cost to shareholders.
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