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 2007 of
US$0.1121 per share, the Company announces that, yesterday, it allotted
5,249,198 ordinary shares of US$0.00001 each ("Ordinary Shares"), issued to
parties who elected to reinvest their dividend in Ordinary Shares. The
effective price per Ordinary Share was US$2.0951.
Application has been made for the 5,249,198 new Ordinary Shares to be admitted
to trading on AIM and it is expected that dealings will commence on 19 December
Following the issue of equity, the issued share capital of the Company is
132,123,198 Ordinary Shares. The Company also announces the following changes
in notifiable interests in VCF:
Party Notes Ordinary Ordinary Percentage
Shares Shares Held of
Laxey Partners Limited 1 398,056 7,837,556 5.93%
Laxey Partners Limited 2 85,716 1,687,716 1.28%
re the Employee Benefit
(1) Andrew Pegge and Colin Kingsnorth, directors of the Company, are directors
and shareholders as to half each of Laxey Partners Limited.
(2) Michael Haxby, a director of the Company, is a beneficiary of the Laxey
Partners Ltd Employee Benefit Trust.
14 December 2007