Downing FOUR VCT (GB:D467) has released an update.
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Thames Ventures VCT 2 plc, managed by Foresight Group LLP, reports a challenging financial year concluding March 31, 2024, with decreased net asset values across its Ventures and Healthcare Share Classes, despite some positive movements in its AIM Share Class and completion of the DSO D Share Class wind-up. The company is actively pursuing a merger with Thames Ventures VCT 1 plc for improved scale and efficiency, while also recovering the majority of its quoted assets post-custodian administration issues. Investment efforts have focused on supporting existing ventures amid a tough market, while planning for potential recovery as UK inflation decreases.
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