PUMA VCT plc

Dividend Declaration

RNS Number : 2970G
PUMA VCT plc
28 January 2010
 

Puma VCT plc (the "Company")


28 January 2010


Dividend announcement



On 13 January 2010, we announced that we had declared a large interim dividend which would take total distributions to 50p per share. We also stated that we were targeting a further dividend of 10p per share subject to the expected completion of the disposal of another major unquoted holding with the qualifying portfolio.


We are pleased to confirm that the completion occurred and, as a result of this and other realisations, the Board have approved a further interim dividend of 15p per Ordinary Share. The ex-dividend date will be 3 February 2010 and the record date 5 February 2010. Payment will be made to shareholders on 17 February 2010.


This dividend will bring distributions to date to 65p per Ordinary Share. On the initial investment of £1, Shareholders who received 40p of tax relief have now been returned more than their original investment.


As at yesterday's dateafter accounting for this dividend, the Company's residual net assets are estimated at £4.8m, equivalent to 40p per share on a fully diluted basis. This does not take account of winding up or other costs.


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
DIVKKFDBPBKDADB