Final Results
Close Brothers Aim Vct PLC
27 May 2005
CLOSE BROTHERS AIM VCT PLC
PRELIMINARY RESULTS
26 May 2005
Close Brothers AIM VCT PLC ('the Company'), which invests in companies listed on
the Alternative Investment Market, across a variety of sectors, today announces
preliminary results for the year ended 28 February 2005. The announcement has
been approved by the Board of Directors on 26 May 2005.
Financial Highlights:
Ordinary Shares 'D' Shares
Year to Year to
28 February 2005 28 February 2005
Total(loss)/return per share (pence) (5.58) 21.95
Net dividend per share (pence) 0.70 0.75
Net asset value per share (pence) 83.64 110.41
Net assets (£ million) 27.32 5.13
Shareholder value per share launch (per £1 paid per share excluding tax
benefits):
Ordinary Shares 'D' Shares
Pence per share Pence per share
Gross dividend for the period to 28
February 1999 3.75 0.00
Net dividend for the year to 29 February 2000 12.25 0.00
Net dividend for the year to 28 February 2001 32.25 0.00
Net dividend for the year to 28 February 2002 4.00 0.00
Net dividend for the year to 28 February 2003 0.50 0.00
Net dividend for the year to 29 February 2003 0.25 0.00
Net dividend for the year to 28 February 2005 0.70 0.75
------------------------------------
53.70 0.75
83.64 110.41
------------------------------------
Total return 137.34 111.16
====================================
Notes
•The Ordinary Shares were first listed on 17 March 1998
•Dividends paid before 5 April 1999 were paid to qualifying shareholders
inclusive of the associated tax credit
•The 'D' Shares were first listed on 17 March 2004
•The 'C' Shares were converted into Ordinary Shares on 31 May 2004, in
accordance with the conversion factor of 1.0765 Ordinary Shares for each 'C'
Share
•Prior to conversion 'C' Shareholders received total dividends of 4.75
pence per share
•Throughout these financial statements any reference to Ordinary Shares
constitutes the sum of the Ordinary Shares and 'C' Shares as per the
financial statements for the prior year
•New 'D' Shares issued between 6 January 2005 and 8 April 2005, as per the
offer document will not rank for the final dividend
•All dividends paid by the Company are free of income tax. It is an Inland
Revenue requirement that dividend vouchers indicate the tax element should
dividends have been subject to income tax. Investors should ignore this
figure on their dividend voucher and need not disclose any income they
receive from a VCT on their tax return
•The net asset value of the Company is not its share price as quoted on
the official list of the London Stock Exchange. The share price of the
Company can be found in the Investment Companies section of the Financial
Times on a daily basis. Investors are reminded that it is common for shares
in VCTs to trade at a discount to their net asset value, primarily as a
result of the initial tax relief's which are non-transferable
For further information, please contact:
Andrew Buchanan / Patrick Reeve Clemmie Carr
Close Investment Limited Tavistock Communications
Tel: 020 7655 3100 Tel: 020 7920 3150
Notes:
1) Close Brothers AIM VCT PLC is managed by Close Investment Limited.
2) Close Investment Limited is authorised and regulated by the Financial
Services Authority and is a subsidiary of Close Brothers Asset Management
Limited.
3) The financial information set out in this announcement does not constitute
the Company's statutory accounts for the years ended 28 February 2005 or
29 February 2004, but is derived from those accounts. Statutory accounts
for 2004 have been delivered to the Registrar of Companies and those for
2005 will be delivered shortly. The auditors have reported on these
accounts, their report was unqualified and did not contain statements under
s237(2) or (3) Companies Act 1985.
4) This announcement has been prepared on the basis of the accounting policies
as stated in the previous year's financial statements and there have been
no changes during the year.
CHAIRMAN'S STATEMENT
As shareholders will be aware, much activity has taken place in the period under
review. The initial issue of 'D' shares in April 2004 under the old tax rules
raised £3.34m, and this was subsequently followed by a new offer under the new
tax rules which raised a further £15m before its final closing on 1 April this
year. The Ordinary and 'C' shares merged on 31 May 2004 prior to raising £4.1m
of new capital in two top up offers. I should like to take this opportunity to
welcome the new Ordinary and 'D' shareholders in the Company, and to thank them
for their support in the recent fundraisings.
As announced in the Interim Report in October 2004 Ordinary shareholders were
invited to tender up to 10% of their shareholding to enable those shareholders
who wished to realise their investment to do so at a discount of only 4% to the
net asset value. In the event your Company repurchased approximately 8.4% of the
Ordinary share capital at a price of 76.35p per share. The objective of the
tender offer was to give those shareholders who no longer had tax reasons for
holding all or part of those shares the chance to exit at a narrow discount. The
Board felt this was particularly appropriate since capital dividends might not
be immediately achievable. The Board intend to consider further tender offers in
the future.
All of this has resulted in a current fund size in excess of £44m following the
allotment in April 2005, with two separate classes of shares representing the
Ordinary and 'D' share portfolios.
Shareholders will have received the first edition of the Manager's quarterly
newsletter in the Spring of this year. The intention is to keep shareholders
regularly informed about developments in the fund and the market generally. I
hope this will prove to be of interest to you.
Market Background and Performance
Ordinary Share Portfolio
After a first half fall in the Net Asset Value (NAV) per share of the Ordinary
portfolio against the background of a more difficult AIM market, the fund
recovered by 8.3% in the six months to the end of February 2005 to a NAV per
share of 83.64p. Nevertheless the overall performance resulting in a decline in
the year of 7.2% in NAV (excluding tax free dividends of 0.7 pence per share)
was disappointing. This was not nearly as good as the performance of the AIM
Index. In the period this was largely driven by the rise in resource stocks,
which do not qualify for VCT status. Although the AIM Index is the only
benchmark currently available, it is not an ideal comparison.
'D' Share Portfolio
The 'D' share portfolio benefited from holding higher cash balances when share
prices were weak at the beginning of the period, and then made some new
investments at a time when valuations were attractive. This resulted in the NAV
per share ending the year at 110.41p, up 16.2%.
Dividends
Ordinary Shares
An interim dividend of 0.25p per Ordinary Share was declared in August 2004. The
Board is recommending a final dividend of 0.45p per ordinary share payable on 29
June 2005 to shareholders on the register on 10 June 2005, which makes a total
revenue distribution for the year of 0.70p per Ordinary Share (2004: 0.25p).
Your Board is currently in consultation with the Inland Revenue to establish
whether or not the Company can pay capital dividends when it has net realised
losses without losing VCT status. Many other VCTs have declared capital
dividends out of realised gains although they have net realised losses and have
not lost VCT status. In the absence of a definitive ruling by the Inland Revenue
the Board has taken the view that the Company is not in a position to pay a
capital dividend in respect of the Ordinary Shares without jeopardising its VCT
status until such time as net realised losses have been eliminated.
'D' Shares
The Board is proposing a revenue dividend of 0.25p per 'D' share payable on 29
June 2005 but only to those holders of 'D' shares which were issued in 2004 in
accordance with the terms of the 'D' Share prospectus of January 2004.
Cancellation of Shares and Management of the Discount
Your Board believes that it is in the interest of all shareholders for it to
manage the discount to NAV at which the shares trade. During the year under
review your Board exercised its power to buy in for cancellation 3,530,973
Ordinary shares as well as 170,000 'C' shares prior to conversion. It also
bought in 75,000 'D' shares for cancellation. The Company now announces the net
asset value for each class of share on a weekly basis instead of on a monthly
basis. This improves the Company's ability to deal in what would have been
formerly classed as a close period and should further improve the liquidity of
the shares. I would like to re-iterate that shareholders wishing to sell should
first contact the Investment Manager in the interests of achieving a reasonable
price.
Outlook
The Ordinary and 'D' share portfolios both have money to invest, and the
pipeline of new issues is still strong. A slight cooling in the new issue market
is not seen as a concern as it is likely to give the Manager the chance to make
investments at attractive valuations. The 'D' shares benefited from just such a
market in 2004 with the result that the NAV has already risen above the original
issue price and some early capital profits have been realised.
Michael Reeve
Chairman 26 May 2005
DETAILS OF THE PORTFOLIO OF INVESTMENTS
The following are the details of qualifying equity investments at 28 February
2005, ranked by percentage of voting equity owned by the Company.
Company and Description Market Value Book Cost Holding Voting
at 28 February 2005 £'000 (shares) equity
£'000 owned
Ordinary 'D' Ordinary 'D' Ordinary 'D'
Shares Shares Shares Shares Shares Shares
--------------------------------------------------------------------------------------------------------------------
Transport Systems. Supplier of traffic management
systems. 223 - 300 - 1,940,000 - 10.4%
Conder Environmental. Manuafacturer of oil spill
recovery and pollution control equipment, sewage
treatment and underground storage tanks. 286 - 635 - 3,175,000 - 8.5%
Clerkenwell Ventures. Investing company formed
to acquire businesses in the leisure sector. 348 87 295 74 4,214,285 1,053,572 7.6%
Playgolf. Owner and operator of golfing facilities. 365 122 450 150 2,700,000 900,000 7.5%
Petards. Design and provide electronic security
products and systems. 450 150 300 100 30,000,000 10,000,000 6.4%
Stagecoach Theatre Arts.
Operator of part-time performing arts schools for
youngsters. 389 - 579 - 622,587 - 6.3%
Pilat Media Global. Software provider for the
global multi-channel broadcasting market. 1,138 78 555 105 2,775,000 190,561 5.9%
Bank Restaurant Group.
Restaurant chain operator. 70 - 750 - 3,750,000 - 5.2%
Lloyds British Testing.
Engineering and support services to various
industries. 227 - 332 - 1,620,759 - 5.1%
Adval. Design and delivery of bespoke training
courses for human resources development
for major corporations. 43 - 918 - 1,721,605 - 5.0%
Capcon. Provider of audit, stock taking and
commercial investigation services. 188 - 400 - 500,000 - 4.9%
Maelor. Developer of off-patent medicines and
medical devices. 236 - 528 - 1,658,637 - 4.9%
Vianet. Provider of remote monitoring devices for
the vending machine industry. 294 - 656 - 5,599,667 - 4.4%
Independent Media Support Group.
Supplier of media access services. 416 126 493 150 858,090 260,000 4.3%
Company and Description Market Value Book Cost Holding Voting
at 28 February 2005 £'000 (shares) equity
£'000 owned
Ordinary 'D' Ordinary 'D' Ordinary 'D'
Shares Shares Shares Shares Shares Shares
-------------------------------------------------------------------------------------------------------------------
AIT Group. Provider of CRM software for the
financial services sector. 735 - 900 - 1,885,715 - 3.6%
Bright Futures Group. Provider of aids for the
elderly and disabled. - 92 - 100 - 1,666,667 3.5%
Focus Solutions Group. Provider of software
solutions and e-commerce tools to the financial
services industry. 286 - 237 - 969,170 - 3.4%
Clarity Commerce Solutions. Supplier of
electronic point of sale software and membership
software solutions to the leisure sector 342 - 386 - 514,522 - 3.2%
Protec. Development and installation of electronic
security and information systems. 374 - 344 - 4,669,101 - 3.0%
Win. Provider of service that enables business
customers to send and receive text messages to and
from a large number of users. 578 170 440 129 218,000 64,000 3.0%
Clipper Ventures. Owners and organisers of
the Clipper and Around Alone round the world
yacht races. 156 - 335 - 725,098 - 2.8%
Hartest. Manufacturer and distributor of
specialist instruments and medical equipment. 74 - 298 - 3,719,576 - 2.7%
Bond International. Provider of business software
and support solutions to the recruitment amd human
resources industry. 736 - 269 - 672,500 - 2.7%
Cello Group. Marketing services group. 643 252 510 200 510,000 200,000 2.6%
Hartford. London based restaurant and bar
operator. 134 - 325 - 12,187,500 - 2.3%
Advanced Medical Solutions Group. Developer
and manufacturer of woundcare products. 322 - 267 - 3,144,161 - 2.2%
Imprint Search & Selection. Provider of
recruitment and HR outplacement services. 772 281 550 200 392,857 142,857 2.2%
Zenith Hygiene. Manufacturer and supplier of
cleaning, hygiene and non-food ancillary products
to the food services and hospitality markets. 285 114 222 89 222,000 89,000 2.1%
Company and Description Market Value Book Cost Holding Voting
at 28 February 2005 £'000 (shares) equity
£'000 owned
Ordinary 'D' Ordinary 'D' Ordinary 'D'
Shares Shares Shares Shares Shares Shares
----------------------------------------------------------------------------------------------------------------
Inter Link Foods. Manufacturer of own label
cakes for supermarket groups. 1,532 - 454 - 225,607 - 2.0%
The Clapham House Group. Acquires and
develops restaurants across the UK. 611 - 453 - 371,723 - 1.8%
PM Group. Design, manufacture and service of
weighing systems for the haulage and waste
management industries. 528 - 240 - 240,000 - 1.8%
Adventis. Multi media marketing and advertising
agency. - 206 - 165 - 578,947 1.8%
Colliers CRE (formerly Fitzhardinge). Provider of
real estate solutions to the UK and international
property sectors. 933 - 675 - 586,957 - 1.8%
Deltex Medical Group. Developer of non invasive
heart monitoring devices. 260 - 246 - 1,224,264 - 1.7%
Honeycombe. Managed pub operator in North
West England. 263 - 293 - 532,000 - 1.7%
Landround. Organiser of travel promotions and
incentives for corporate clients. 340 - 205 - 100,000 - 1.7%
Avionic Services. Systems and consultancy
services to the airport and aviation sector. 42 - 350 - 1,666,667 - 1.5%
Tanfield. Engineering. 59 184 788 150 477,756 1,500,000 1.5%
Media Square. Provider of end to end e-business
solutions. 567 243 340 146 1,890,634 810,272 1.4%
Tepnel Life Science. Developer of automated DNA
technologies. 186 - 573 - 2,865,107 - 1.4%
Tandem. Manufacturer and distributor of bicycles,
golfing equipment and snooker tables. 102 - 225 - 450,000 - 1.2%
Blooms of Bressingham. Operator of garden
centres. 171 - 416 - 367,582 - 1.2%
Inventive Leisure. Bar and nightclub operator. 232 - 261 - 275,000 - 1.2%
Immedia Broadcasting. Designer and operator of
in-store radio stations in the UK. 70 - 148 - 134,091 - 1.1%
Company and Description Market Value Book Cost Holding Voting
at 28 February 2005 £'000 (shares) equity
£'000 owned
Ordinary 'D' Ordinary 'D' Ordinary 'D'
Shares Shares Shares Shares Shares Shares
------------------------------------------------------------------------------------------------------------------
Huveaux. Parliamentary and educational
publishing group. 475 - 286 - 1,145,000 - 1.1%
Metnor Group. Hot dip galvaniser of steel
products and engineering services. 357 - 161 - 160,365 - 1.0%
Careforce Group. Provider of domicilliary care
services to UK local authorities. - 179 - 130 - 122,642 0.9%
Armour Group. Producer of smart leads and
assemblies for in-car and home entertainment. 329 - 200 - 444,444 - 0.8%
MacLellan. Facilities management. 486 - 259 - 680,263 - 0.7%
Andor Technology. Developer and
manufacturer of high performance digital cameras
for the imaging and spectroscopy industry. 138 69 99 49 110,000 55,000 0.6%
Computer Software Group. Provider of software
solutions for sports events and venue management. - 177 - 150 - 283,019 0.6%
Straight. Supplier of container solutions for local
authorities and waste management companies. - 148 - 91 - 70,000 0.6%
Innovision Research & Technology. Creator
of electronic applications for blue chip clients. 262 105 170 68 188,889 76,111 0.6%
Pipex. Provider of telecommunications services. 1,019 - 733 - 12,351,947 - 0.6%
Mears. Building maintenance contractor to local
authorities, the MOD and the private sector. 768 - 41 - 314,062 - 0.5%
XN Checkout Holdings. Supplier of electronic
point of sale systems, software and services. 214 95 140 62 90,500 40,250 0.5%
Fountains. Forestry activities, utility services
and landscaping. - 89 - 75 - 60,000 0.4%
NMT Group. Developer and manufacturer of
safety solutions. 17 - 350 - 23,333 - 0.3%
Systems Union. Provision of accounting software
internationally. 39 - 46 - 35,471 - 0.0%
-----------------------------------------------------------------------------------------------------------------
Total qualifying equity investments at 28 February
2005 20,110 2,967 20,426 2,383
-----------------------------------------------------------------------------------------------------------------
Statement of total return for the year ended 28 February 2005
Ordinary Shares 'D' Shares Total
Monday, February 28, 2005 Monday, February 28, 2005 Monday, February 28, 2005
Revenue Capital Total Revenue Capital Total Revenue Capital Total
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
----------------------------------------------------------------------------------------------------------------
(Losses)/gains on
investments - (1,492) (1,492) - 773 773 - (719) (719)
Investment income 483 - 483 77 - 77 560 - 560
Investment
management fee (157) (472) (629) (20) (60) (80) (177) (532) (709)
Other expenses (171) - (171) (21) - (21) (192) - (192)
----------------------------------------------------------------------------------------------------------------
Return/(loss) on
ordinary activities
before tax 155 (1,964) (1,809) 36 713 749 191 (1,251) (1,060)
Tax on ordinary
activities - - - - - - - - -
----------------------------------------------------------------------------------------------------------------
Return/(loss)
attributable to equity
shareholders 155 (1,964) (1,809) 36 713 749 191 (1,251) (1,060)
Equity dividends (237) - (237) (25) - (25) (262) - (262)
----------------------------------------------------------------------------------------------------------------
Transfer (from)/to
reserves (82) (1,964) (2,046) 11 713 724 (71) (1,251) (1,322)
================================================================================================================
Return/(loss) per
share (pence)
Basic 0.48 (6.05) (5.38) 1.05 20.89 21.95
Diluted 0.43 (5.47) (5.04) 0.70 13.95 14.65
----------------------------------------------------------------------------------------------------------------
Statement of total return for the year ended 29 February
2004
Ordinary Shares 'D' Shares Total
Sunday, February 29, 2004 Sunday, February 29, 2004 Sunday, February 29, 2004
Revenue Capital Total Revenue Capital Total Revenue Capital Total
£'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000 £'000
-----------------------------------------------------------------------------------------------------------
Gains on
investments - 9,023 9,023 - - - - 9,023 9,023
Investment income 436 - 436 - - - 436 - 436
Investment
management fee (144) (434) (578) - - - (144) (434) (578)
Other expenses (139) - (139) - - - (139) - (139)
-----------------------------------------------------------------------------------------------------------
Return on ordinary
activities before tax 153 8,589 8,742 - - - 153 8,589 8,742
Tax on ordinary
activities (14) 14 - - - - (14) 14 -
-----------------------------------------------------------------------------------------------------------
Return attributable
to equity
shareholders 139 8,603 8,742 - - - 139 8,603 8,742
Equity dividends (124) - (124) - - - (124) - (124)
-----------------------------------------------------------------------------------------------------------
Transfer to
reserves 15 8,603 8,618 - - - 15 8,603 8,618
===========================================================================================================
Return per
share (pence)
Basic 0.5 28.8 29.3 - - -
Diluted 0.4 26.2 26.6 - - -
Close Brothers AIM VCT PLC
Balance Sheet as at 28 February 2005
Ordinary Shares 'D' Shares Total
28 February 28 February 28 February
2005 2005 2005
£'000 £'000 £'000
------------------------------------------------------------------------------------------------
Fixed asset investments
Qualifying investments 20,796 2,965 23,761
Non-qualifying investments 6,391 2,001 8,392
------------------------------------------------------------------------------------------------
Total fixed asset investments 27,187 4,966 32,153
Current assets
Debtors 193 110 303
Cash at bank 220 119 339
------------------------------------------------------------------------------------------------
413 229 642
Creditors: amounts falling due within one year (283) (63) (346)
------------------------------------------------------------------------------------------------
Net current assets 130 166 296
------------------------------------------------------------------------------------------------
Total assets 27,317 5,132 32,449
================================================================================================
Capital and reserves
Called up share capital 16,330 2,324 18,654
Share premium 1,449 2,046 3,495
Special reserve 9,691 - 9,691
Capital redemption reserve 2,001 38 2,039
Realised capital reserve (1,220) 130 (1,090)
Unrealised capital reserve (945) 583 (362)
Revenue reserve 11 11 22
-----------------------------------------------
Total equity shareholders' funds 27,317 5,132 32,449
===============================================
Net asset value per share (pence) 83.64 110.41 86.98
-----------------------------------------------
Close Brothers AIM VCT PLC
Balance Sheet as at 29 February 2004
Ordinary Shares 'D' Shares Total
29 February 29 February 29 February
2004 2004 2004
£'000 £'000 £'000
Fixed asset investments
Qualifying investments 21,886 - 21,886
Non-qualifying investments 4,505 - 4,505
------------------------------------------------------------------------------------------------
Total fixed asset investments 26,391 - 26,391
Current assets
Debtors 539 - 539
Cash at bank 1,572 - 1,572
------------------------------------------------------------------------------------------------
2,111 - 2,111
Creditors: amounts falling due within one year (246) - (246)
------------------------------------------------------------------------------------------------
Net current assets 1,865 - 1,865
------------------------------------------------------------------------------------------------
Total assets 28,256 - 28,256
================================================================================================
Capital and reserves
Called up share capital 14,898 - 14,898
Share premium - - -
Special reserve 13,308 - 13,308
Capital redemption reserve 157 - 157
Realised capital reserve (1,555) - (1,555)
Unrealised capital reserve 1,355 - 1,355
Revenue reserve 93 - 93
------------------------------------------------------------------------------------------------
Total equity shareholders' funds 28,256 - 28,256
================================================================================================
Net asset value per share (pence) 94.83 - 94.83
------------------------------------------------------------------------------------------------
Close Brothers AIM VCT PLC
Cash Flow Statement for the year ended 28 February 2005
Ordinary Shares 'D' Shares Total
Year to Year to Year to
28 February 28 February 28 February
2005 2005 2005
£'000 £'000 £'000
----------------------------------------------------------------------------------------------
Operating activities
Dividend income received 160 1 161
Investment income received 171 (16) 155
Deposit income received 101 54 155
Other income received 2 - 2
Investment management fees paid (642) (68) (710)
Other cash payments (193) (19) (212)
----------------------------------------------------------------------------------------------
Net cash outflow from operating activities (401) (48) (449)
Taxation
UK corporation tax paid - - -
Capital expenditure and financial investment
Purchase of qualifying investments (5,088) (1,999) (7,087)
Purchase of non-qualifying investments (3,199) (2,756) (5,955)
Disposals of qualifying investments 4,841 493 5,334
Disposals of non-qualifying investments 1,501 - 1,501
----------------------------------------------------------------------------------------------
Net cash outflow from investing activities (1,945) (4,262) (6,207)
Equity dividends paid
Revenue dividends paid on ordinary shares (214) (17) (231)
Capital dividends paid on ordinary shares - - -
----------------------------------------------------------------------------------------------
Net cash outflow before financing (2,560) (4,327) (6,887)
Financing
Issue of equity net of expenses 1,700 4,512 6,212
Cancellation of shares (492) (66) (558)
Net cash inflow from financing 1,208 4,446 5,654
----------------------------------------------------------------------------------------------
(Decrease)/increase in cash in the year (1,352) 119 (1,233)
==============================================================================================
Close Brothers AIM VCT PLC
Cash Flow Statement for the year ended 29 February 2004
Ordinary Shares 'D' Shares Total
Year to Year to Year to
29 February 29 February 29 February
2004 2004 2004
£'000 £'000 £'000
----------------------------------------------------------------------------------------------
Operating activities
Dividend income received 156 - 156
Investment income received 205 - 205
Deposit income received 75 - 75
Other income received 5 - 5
Investment management fees paid (558) - (558)
Other cash payments (164) - (164)
----------------------------------------------------------------------------------------------
Net cash outflow from operating activities (281) - (281)
Taxation
UK corporation tax paid - - -
Capital expenditure and financial investment
Purchase of qualifying investments (2,799) - (2,799)
Purchase of non-qualifying investments (1) - (1)
Disposals of qualifying investments 672 - 672
Disposals of non-qualifying investments 2,496 - 2,496
----------------------------------------------------------------------------------------------
Net cash inflow from investing activities 368 - 368
Equity dividends paid
Revenue dividends paid on ordinary shares (151) - (151)
Capital dividends paid on ordinary shares - - -
----------------------------------------------------------------------------------------------
Net cash outflow before financing (64) - (64)
Financing
Issue of equity net of expenses - - -
Cancellation of shares (104) - (104)
----------------------------------------------------------------------------------------------
Net cash outflow from financing (104) - (104)
----------------------------------------------------------------------------------------------
Decrease in cash in the year (168) - (168)
==============================================================================================
This information is provided by RNS
The company news service from the London Stock Exchange