Enhanced Buy-Back Facility

RNS Number : 0962O

Bluehone AIM VCT2 PLC

23 June 2010

 



To:                    RNS

From:                Bluehone AiM VCT2 plc

Date:                23 June 2010

Subject:            Enhanced Buy-Back Facility

Further to the announcement of 1 April 2010 the Board are pleased to announce that it has agreed to implement an Enhanced Buy-Back Facility linked to the current Top-Up Offer made on 9 March 2010. Under this facility, the holders of shares in the Company can apply to have their existing shares bought back by the Company with the proceeds used to subscribe for new shares under the Top-Up Offer. The maximum aggregate amount of shares which may be bought back under the Enhanced Buy-Back Facility is 8,903,930 shares.

The proceeds of the buy back of shares will not be paid to shareholders and will only be used to apply for new shares under the Top-Up Offer.

Documentation, including how to apply under the Enhanced Buy-Back Facility and the Top-Up Offer, or directly under the Top-Up Offer and the implications of doing so, has been sent to shareholders and is also available on the Company's website, www.bluehoneaimvct2.com

In order to make available the Enhanced Buy-back Facility, the Company requires the approval by shareholders of a special resolution at a General Meeting to be held on 15 July 2010.  This approval will authorise the Company to make market purchases of shares for the purpose of the Enhanced Buy-back Facility. Shareholders may submit applications to participate in the Enhanced Buy-back Facility before the General Meeting, but the facility will only become available, and applications will only be processed, once this resolution has been passed.

If you have any queries regarding the Top-up Offer and/or Enhanced Buy-back Facility, please contact:

Robert Mitchell

Bluehone Investors LLP

Tel: [phone]

Please note that no investment or tax advice can be given. Shareholders are further advised to consult their independent financial adviser.

 

END

 

 

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