Tender Offer

Close Brothers Aim Vct PLC 10 November 2004 10 November 2004 Close Brothers AIM VCT plc ('the Company') Following the announcement made on 15 October 2004, in which the Company stated its intention to purchase shares from all Ordinary Shareholders via a tender offer. The Company now announces that Qualifying Shareholders have tendered a total of 3,010,423 Ordinary Shares (representing approximately 8.4% of the Company's Ordinary Share Capital) to be repurchased by the Company under the Tender Offer. Subject to the outstanding conditions of the Tender Offer, it is the Company's intention to accept all such tendered shares in full. The unaudited Net Asset Vale ('NAV') of the Ordinary Shares as at 9 November 2004 was 79.53 pence, which has been calculated in accordance with the Company's normal valuation policies and the terms of the Tender Offer circular. The Ordinary Shares being acquired under the Tender Offer will be acquired at NAV less a discount of 4%, as set out in the circular, being 76.35 pence. Implementation of the Tender Offer will require approval by Shareholders at the Extraordinary General Meeting and the separate General Meetings convened for 26 November 2004. For further information, please contact: Andrew Buchanan Close Investment Limited 020 7426 4000 Press enquiries to: Henrietta Guthrie Karen Brunskill Lansons 020 7490 8828 This information is provided by RNS The company news service from the London Stock Exchange


Coats Group (COA)
UK 100

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