Kings Arms Yard VCT PLC : Sale of Investment

Sale of investment

Kings Arms Yard VCT PLC announces that, further to the announcement on 4 July 2012, the sale process for one of its holdings has been completed.  The pro forma impact on Kings Arms Yard VCT's net asset value as of 30 September 2012 is an increase of 0.7 pence per share, taking the pro forma Kings Arms Yard VCT NAV at that date to 17.4 pence per share. 

Under the purchase agreement, further proceeds will be payable if certain future obligations are met.  The total potential write-up as a result of the sale from the position prior to the 4 July 2012 announcement and including the further proceeds is 2.5 pence per share.  The value of the holding was £0.7 million after Albion Ventures LLP took over the management of Kings Arms Yard.  Kings Arms Yard VCT has since invested a total of £0.5 million in the business.  Cash proceeds on completion from the sale are £5.9 million.

For further information, please contact
Patrick Reeve
020 7601 1850

---

This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Kings Arms Yard VCT PLC via Thomson Reuters ONE

HUG#1665910