DOWNING PLANNED EXIT VCT 7 PLC

Business Summary

Downing Planned Exit VCT 7 plc, formerly Downing Protected VCT VII plc, is a United Kingdom-based venture capital trust (VCT) company. Downing continues to focus on asset-backed and renewable energy businesses as they provide protection. The Company’s principal objectives are to: maintain VCT status to enable Shareholders to benefit from 30% income tax relief on their original investment; reduce the risks normally associated with VCT investments, and target a tax-free return to Shareholders of at least 8% per annum (13.3% per annum gross equivalent to a 40% taxpayer) over approximately seven years (based on a net of income tax relief cost of 70 per share). Downing has also invested in renewable energy businesses, primarily in the solar and anaerobic digestion sectors. Goonhilly Earth Station in Cornwall is one of the most capable satellite control and communications facilities in Europe, and has been acquired with an initial VCT funding from Downing.

Country of Incorporation

United Kingdom

Incorporation Date

2007-01-05

Business Sector

Banking & Investment Services