Issue of Equity

RNS Number : 8802K

Close Brothers Dev VCT PLC

30 December 2008

 



30 December 2008

Close Brothers Development VCT plc

Issue of Equity

Close Brothers Development VCT plc (the 'Company') announces that, further to the Dividend Reinvestment Scheme introduced by the Company (details of which were set out in the Circular issued to shareholders on 27 August 2008), the Company today allotted 84,355 ordinary shares of 50p each (the 'New Ordinary Shares') in the capital of the Company.  The 'New Ordinary Shares' were issued at a price of 85.9p, comprising the net asset values at 30 September 2008 less the dividend of 4 pence per Ordinary share declared on 4 December 2008.

Accordingly, application has been made to the UK Listing Authority for the admission of the New 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 31 December 2008. The New Ordinary Shares will rank pari passu in all respects with the existing ordinary shares in issue.

Following the issue of the New Ordinary Shares the Company will have 32,613,482 ordinary shares in issue.

In conformity with the Transparency Directive's provisions we would like to notify the market of the following:

Close Brothers Development VCT PLC's capital as at 30 December 2008 consisted of 32,613,482 ordinary shares. Close Brothers Development VCT PLC holds 2,619,715 Ordinary shares in Treasury.

Therefore the total number of voting rights in Close Brothers Development VCT PLC is 29,993,767.

The figure of 29,993,767 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Close Brothers Development VCT PLC under the FSA's Disclosure and Transparency rules.

For further information, please contact:

Patrick Reeve

Close Ventures Limited

Tel: [phone]

 

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