Close Brothers Aim Vct PLC
08 April 2005
8 April 2005
Close Brothers AIM VCT PLC New 'D' Shares
Allots a final 4,211 New 'D' Shares in respect of the Offer
Offer Closed
The Board of Close Brothers AIM VCT is pleased to announce that, further to the
announcement made on 5 April 2005, it has allotted a final 4,211 New 'D' Shares
under the Offer for Subscription. The Offer has raised in total £15 million
before expenses and, as previously announced, is now closed. There are now
16,087,283 'D' Shares currently in issue.
Dealings in the further 4,211 New 'D' Shares allotted in respect of the Offer
are expected to commence on 11th April 2005. The New 'D' Shares rank pari passu
in all respects with the existing 'D' Shares save that the first dividend the
New 'D' Shares will be entitled to will be the interim dividend in respect of
the period ending 31st August 2005. As announced on 6 January 2005, the New 'D'
Shares have been issued in accordance with the Pricing Formula referred to in
the Prospectus dated 25th October 2005. The Pricing Formula in respect of the
current allotment is based on the unaudited net asset value of a 'D' Share on 6
April 2005 of 114.28p per 'D' Share divided by 0.95, to allow for issue costs of
5 per cent, rounded up to the nearest half pence per share. This produced an
issue price per New 'D' Share, in respect of the current allotment, of 120.5p.
Further enquiries:
Andrew Buchanan/Kate Tidbury Close Investment Ltd
Tel 020 7426 4000
Lennart Norstrand Brewin Dolphin
Tel 020 7246 1176
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