Downing Investor Centre | Thames Ventures VCT 2

Additional information

Current NAV and total returns

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Share class	NAV date	NAV	Total return	Notes
Ventures Shares	30 June 2023	53.85p*	63.1p	Unaudited *adjusted for dividend paid on 29 Sept 2023
Healthcare Shares	30 June 2023	55.85p*	65.85p	Unaudited *adjusted for dividend paid on 29 Sept 2023
AIM Shares	30 June 2023	99.9p	99.9p	Unaudited
DSO D Shares	30 June 2023	2.5p	104.5p	Unaudited
DP67 Ordinary Shares	30 June 2023	25.1p	92.85p	Unaudited
DP2011 General Ordinary Shares	27 September 2019	-	70.0p	Return of funds now complete
DP2011 General A Shares	27 September 2019	-	35.595p	Return of funds now complete
DP2011 Structured Ord Shares	27 September 2019	-	70.0p	Return of funds now complete
DP2011 Structured A Shares	27 September 2019	-	35.059p	Return of funds now complete

Share prices

Forthcoming dividends

No forthcoming dividends.

Dividend history

Ventures shares

Date Paid	Type	Pence per share
25/09/2020	Interim	2.50
24/09/2021	Final	2.75
30/09/2022	Final	2.75
29/09/2023	Final	1.25
Total		9.25

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Healthcare shares

Date Paid	Type	Pence per share
25/09/2020	Interim	2.50
24/09/2021	Final	2.75
30/09/2022	Final	3.50
29/09/2023	Final	1.25
Total		10.00

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AIM shares

No dividends paid yet

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DSO D shares

Date Paid	Type	Pence per share
28/09/2012	Final	2.50
25/01/2013	Interim	2.50
13/09/2013	Final	2.50
24/01/2014	Interim	2.50
30/09/2014	Final	2.50
30/01/2015	Interim	2.50
30/09/2015	Final	2.50
23/12/2015	Interim	2.50
30/09/2016	Final	2.50
06/01/2017	Interim	2.50
29/09/2017	Final	2.50
02/11/2017	Special	25.00
13/08/2018	Special	24.00
29/11/2019	Special	18.00
28/01/2022	Special	7.50
Total		102.00

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DP67 Ordinary shares

Date Paid	Type	Pence per share
31/07/2008	Final	1.75
31/07/2009	Final	2.00
30/07/2010	Final	2.00
22/07/2011	Final	2.00
29/06/2012	Final	2.00
28/06/2013	Final	4.00
25/07/2014	Final	4.00
25/07/2015	Final	4.00
23/12/2015	Interim	2.00
30/09/2016	Final	2.00
06/01/2017	Interim	2.00
29/09/2017	Final	2.00
16/03/2018	Special	20.00
29/11/2019	Special	18.00
Total		67.75

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Old share classes:

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DSO Ordinary shares

Date Paid	Type	Pence per share
25/09/2009	Interim	2.50
29/01/2010	Interim	2.50
30/09/2010	Final	2.50
28/01/2011	Interim	2.50
30/09/2011	Final	2.50
27/01/2012	Interim	2.50
28/09/2012	Final	2.50
25/01/2013	Interim	2.50
19/07/2013	Interim	15.00
24/01/2014	Interim	2.50
30/09/2014	Final	2.50
20/03/2015	Capital	40.00
24/03/2016	Special	36.16
Total		116.16

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DSO A shares

Date Paid	Type	Pence per share
24/03/2016	Special	15.50
Total		15.50

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DSO B shares

Date Paid	Type	Pence per share
30/09/2010	Final	2.50
28/01/2011	Interim	2.50
30/09/2011	Final	2.50
27/01/2012	Interim	2.50
28/09/2012	Final	2.50
25/01/2013	Interim	2.50
13/09/2013	Final	2.50
24/01/2014	Interim	2.50
30/09/2014	Final	10.00
30/01/2015	Interim	2.50
23/12/2015	Capital	40.00
24/03/2016	Special	19.00
26/01/2018	Special	4.444
Total		95.944

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DSO C shares

Date Paid	Type	Pence per share
26/01/2018	Special	10.939
Total		10.939

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DP2011 Structured ordinary shares

Date Paid	Type	Pence per share
18/05/2012	Final	5.00
30/11/2012	Interim	2.50
17/05/2013	Final	2.50
22/11/2013	Interim	2.50
16/05/2014	Final	2.50
21/11/2014	Interim	2.50
29/05/2015	Second Interim	2.50
23/12/2015	Interim	2.50
02/09/2016	Special	32.50
17/02/2017	Interim	10.00
02/11/2017	Special	5.00
Total		70.00

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DP2011 Structured A shares

Date Paid	Type	Pence per share
02/11/2017	Special	20.00
13/08/2018	Interim	5.00
27/09/2019	Special	10.059
Total		35.059

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DP2011 General ordinary shares

Date Paid	Type	Pence per share
18/05/2012	Final	5.00
30/11/2012	Interim	2.50
17/05/2013	Final	2.50
22/11/2013	Interim	2.50
16/05/2014	Final	2.50
21/11/2014	Interim	2.50
29/05/2015	Second Interim	2.50
23/12/2015	Interim	2.50
02/09/2016	Special	22.50
17/02/2017	Special	10.00
02/11/2017	Special	15.00
Total		70.00

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DP2011 General A shares

Date Paid	Type	Pence per share
02/11/2017	Special	15.00
13/08/2018	Interim	7.00
27/09/2019	Special	13.595
Total		35.595

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DP2011 Low carbon ordinary shares

Date Paid	Type	Pence per share
23/12/2015	Interim	2.50
27/05/2016	Special	50.00
16/03/2018	Special	33.40
Total		85.90

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DP2011 Low carbon ordinary shares (pre-merger)

Date Paid	Type	Pence per share
18/05/2012	Final	5.00
30/11/2012	Interim	2.50
17/05/2013	Final	2.50
22/11/2013	Interim	2.50
16/05/2014	Final	2.50
21/11/2014	Interim	2.50
29/05/2015	Second interim	2.50
Total		20.00

Share Buybacks

Thames Ventures VCT 2 operates a policy of buying in its Ventures, Healthcare and AIM shares that become available in the market at a price approximately equal to a nil discount to the most recently announced NAV, subject to regulatory, liquidity and other considerations and allowing for stamp duty that may be incurred by the Company.

Details of how to sell your VCT shares can be found at this link.

If you are considering selling your shares, the VCT’s Corporate Broker, Panmure Gordon (UK) Limited (“Panmure”) can provide details of closed periods and the likely timing of when buybacks will take place. Panmure can be contacted as follows:

Chris Lloyd
020 7886 2716
chris.lloyd@panmure.com

Paul Nolan
020 7886 2717
paul.nolan@panmure.com

Merger information

Downing FOUR VCT is a VCT with a number of share classes with various strategies. It was renamed from Downing Structured Opportunities VCT 1 plc in July 2015.

On 21 July 2015, the Company merged with three other Downing VCTs.

The DSO Ordinary/A Share pool completed the task of returning funds to shareholders on 24 March 2016. On 25 August 2016 the DSO Ordinary Shares and DSO A Shares were converted into deferred shares with no value and were cancelled.

The DSO B/C Share pool completed the task of returning funds to shareholders on 26 January 2018. The DP2011 Low Carbon Share pool completed the task of returning funds to shareholders on 16 March 2018. On 10 April 2018 the DSO B Shares, DSO C Shares and DP2011 Low Carbon Shares were converted into deferred shares with no value and were cancelled.

In 2016, the Company launched a Generalist share class and a Healthcare share class both of which are "evergreen".

Announcements

London Stock Exchange Announcements (since September 2016)

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Directors

Sir Aubrey Brocklebank (Chairman)
Howard Flight
Chris Allner
Dr Andrew Mackintosh
Steven Clarke
Grant Whitehouse (Company Secretary)
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Share Registrars

With effect from August 2021, the Company’s share register is maintained by:
The City Partnership (UK) Limited
The Mending Rooms
Park Valley Mills
Meltham Road
Huddersfield
HD4 7BH

Tel: 01484 240 910
Email: registrars@city.uk.com

You can see details of your shareholding, transaction and dividend history and update your personal details by using the Downing VCT Investor Hub at: downing-vct.cityhub.uk.com

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TIDMs, ISINs and SEDOLs

Share class	TIDM	ISIN	SEDOL	Previous TIDM
DSO D Shares	DO1D	GB00B6QPQ463	B6QPQ46
DP67 Ordinary Shares	D467	GB00BWX53D91	BWX53D9
Ventures Shares	TV2V	GB00BDHF5B49	BDHF5B4	D4G
Healthcare Shares	TV2H	GB00BDHF5D62	BDHF5D6	D4H
AIM Shares	TV2A	GB00BMYXV611	BMYXV61	D4A

Unsolicited telephone calls

If you have received an unsolicited telephone call from somebody seeking to buy your VCT shares please visit our Boiler Room Scams page for more details.

Thames Ventures VCT 2 plc

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