30 May 2008 14:52
Close Brothers AIM VCT plc
Issue of Equity
Close Brothers AIM VCT plc (the "Company") announces that, further to the announcement on 25 March 2008, the conversion of Ordinary shares of 50 pence each (the "Ordinary shares") into D Ordinary shares of 50 pence each (the "D Ordinary Shares") will be effected on 2 June 2008 and will result in the issue of up to 16,083,920 new D Ordinary Shares (the "New D Ordinary Shares").
Accordingly, application has been made to the UK Listing Authority for the admission of the New D Ordinary Shares to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities and it is expected that dealings will commence on 2 June 2008. The New D Ordinary Shares will rank pari passu in all respects with the existing D Ordinary Shares in issue.
Following the issue of the New D Ordinary Shares the Company will have up to 31,930,767 D Ordinary Shares in issue. Further clarification on the exact number of shares in issue will be announced on 2 June 2008 (following the calculation of the treatment of fractions at close of business on 30 May 2008) in order to allow shareholders to determine whether they are required to notify their interest in, or a change to their interest in, the Company under the Disclosure and Transparency Rules.
In accordance with the proposals outlined in the Circular referred to above and approved at the Extraordinary General Meeting, the D Ordinary Shares will be redesignated as New Ordinary Shares with effect from 8.00 a.m. on 3 June 2008.
30 May 2008
For further information, please contact:
Andrew Buchanan / Kate Tidbury
Close Investments Limited
Tel: 020 7426 4139
Coats (COA)