Enhanced share buyback update

RNS Number : 6966L

Amati VCT 2 plc

14 August 2013

 

Amati VCT 2 plc

Enhanced share buyback and Re-Investment Facility ("ESBRF") update

On 18 July 2013, HM Revenue and Customs and HM Treasury jointly released a consultation paper on share buy backs by venture capital trusts in which they expressed an intention to bring in legislation which would prohibit enhanced share buybacks.  In light of that paper, the directors of Amati VCT 2 have taken the decision to suspend its enhanced share buyback and re-investment facility ("ESBRF") pending final clarification of the position of HM Treasury and HMRC.  The offer for subscription and the Company's policy on buybacks out-with the ESBRF, both as set out in the prospectus published on 6 February 2013, remain otherwise unchanged.

For further information, please contact;

Doreen Nic, The City Partnership (UK) Limited, Company Secretary, 0131 2437215

or by email to: [e-mail] 

 

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