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Investegate |Downing FOUR VCT plc Announcements | Downing FOUR VCT plc: Half-Yearly Report

86.2 97.2 Based on Total Return to Shareholders at 30 September 2020, a Performance Incentive is expected to become due to management. The Performance Incentive has been estimated at 1.2p per DSO D Share. No provision has been included in the accounts as the conditions of the Performance Incentive fee have not yet been met. Chairman’s Statement I present the Company’s Half-Yearly Report for the six months ended 30 September 2020. When the Company last reported to Shareholders in July, the economy was continuing to suffer from the severe disruption caused by the coronavirus pandemic, although it appeared that the world was starting to take the first steps back to normality. We now know that the path back to something approaching normal is longer than we had envisaged at that time.

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