The Value Catalyst Fund Limited ("VCF" or "the Company")
Issue of Equity
Further to the announcement of a dividend for the year ended 30 June 2006 of
US$8.34 per share, the Company announces that, yesterday, it allotted 33,887
ordinary shares of US$0.001 each ("Ordinary Shares") issued to parties who
elected to receive their dividend in the form of Ordinary Shares. The effective
price per Ordinary Share was US$191.8231.
Application will be made for the 33,887 new Ordinary Shares to be admitted to
trading on AIM and it is expected that dealings will commence on 20 November
Following the issue of equity, the Company announces the following changes in
notifiable interests in VCF:
Party Notes Ordinary Ordinary Percentage
Shares Shares of Issued
Received Held Share
Citivic Nominees Limited 1 30,174 1,137,210 90.13%
Laxey Partners Limited 2 2,778 66,690 5.29%
Laxey Partners Limited re 3 667 16,019 1.32%
the Employee Benefit Trust
(1) As nominee in respect of shareholders who have elected to hold their
Ordinary Shares through Morgan Guaranty Trust Company of New York, Brussels
office, as operator of the Euroclear System.
(2) Andrew Pegge and Colin Kingsnorth, directors of the Company, are directors
and shareholders as to half each of Laxey Partners Limited.
(3) Christopher Bruce, a director of he Company, is a beneficiary of the Laxey
Partners Ltd Employee Benefit Trust.
14 November 2006