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Puma VCT 13 PLC (PU13)

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Thursday 05 August, 2021

Puma VCT 13 PLC

Miscellaneous

RNS Number : 6908H
Puma VCT 13 PLC
05 August 2021
 

 

Puma VCT 13 plc (the "Company")

 

Statement re Amendment of Investment Management Arrangements

 

Pursuant to a deed of amendment and restatement, the Company and Puma Investment Management Limited ("PIML"), with effect from 4 August 2021 the provisions for the reimbursement of fees and expenses in the investment management agreement between the Company and PIML (the "IMA") have been amended (increasing the caps applicable to the fees/expenses payable by the investee companies to PIML in relation to arrangement, structuring and monitoring fees and expenses, and clarifying the position regarding monitoring expenses that are to be incurred by the Company). Further to the amended terms of the IMA, any additional fees/expenses payable to PIML by the investee companies as a result of the amendment to the IMA should not in any twelve month period be £246,000 more than the aggregate of all fees and expenses that PIML could have charged the investee companies under the provisions of the IMA that were in effect prior to the amendment of the IMA in respect of that twelve month period. 

 

PIML, as the investment manager of the Company, is a related party of the Company under the Listing Rules, and the amendment of the IMA as described above is a transaction to which Listing Rule 11.1.10R applies.

 

For further information please contact Rupert West on 0207 408 4050.

 

 

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