Matrix Income & Growth VCT PLC
29 June 2005
Matrix Income & Growth VCT plc
29 June 2005
Offer for subscription closed
The Board of Matrix Income & Growth VCT plc is pleased to announce that the
Offer for Subscription made by the Company in its prospectus dated 9 July 2004
has now closed. The Company has issued 22,143,621 Ordinary shares being
subscribed in full at £1 per share.
It is the Company's objective to provide Investors with a regular and growing
income stream, by way of tax free dividends, and to generate capital growth
through portfolio realisations, which can be distributed by way of additional
tax free dividends. This will be achieved by making investments structured not
only to generate income but also to provide the potential for capital gains from
trade sales and flotations from a diversified portfolio of established
profitable unquoted companies.
Matrix Private Equity Partners Limited will be responsible for managing the
assets of the Fund. The team consists of eight private equity investment
managers, who have extensive experience and a proven successful track record of
VCT investment.
Contact details for further queries:
Bridget Guerin at Matrix-Securities Limited 020 7925 3300
Mark Wignall at Matrix
Private Equity Partners Limited 020 7925 3300
This information is provided by RNS
The company news service from the London Stock Exchange
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