The Value Catalyst Fund Limited
("VCF" or "the Company")
Issue of Equity, Total Voting Rights and Directors' Holdings
Further to the announcement of a capitalisation in lieu of a dividend for the
year ended 30 June 2009 of US$0.07 per share, the Company announces that,
yesterday, it allotted 17,864,367 ordinary shares of US$0.00001 each ("Ordinary
Shares") to shareholders on the register as at 27 November 2009. The effective
price per Ordinary Share was US$0.5958.
Application has been made for the 17,864,367 new Ordinary Shares to be admitted
to trading on AIM and it is expected that dealings will commence on 31 December
Following the issue of equity, the issued share capital of the Company is
169,915,650 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 Ltd 1 1,272,300 12,101,386 7.12%
Laxey Partners 2,3 212,516 2,021,329 1.19%
Limited re the
(1) Andrew Pegge and Colin Kingsnorth, Directors of the Company, are both
directors of Laxey Group Holdings Limited ("LGH"), the sole shareholder of
Laxey Partners Ltd. Mr C Kingsnorth is a shareholder of LGH and Mr A Pegge
is a beneficiary of The Pegge Family Trust, which is the shareholder of
Pegge Holdings Limited, a shareholder of LGH.
(2) Michael Haxby, a Director of the Company, is a beneficiary of the Laxey
Partners Ltd Employee Benefit Trust.
(3) As at 18 December 2008, the Laxey Partners Ltd Employee Benefit Trust held
1,942,237 Ordinary Shares, representing 1.28% of the issued share capital.
On 20 February 2009, 133,460 Ordinary Shares were transferred from the
Laxey Partners Ltd Employee Benefit Trust to an employee of Laxey Partners
31 December 2009
Azhic Basirov / Siobhan Sergeant
Smith & Williamson Corporate Finance Limited
Tel +44 (0)20 7131 4000