Amati Aim Vct Regulatory News (AMAT)

12 December 2024

Amati AIM VCT plc (the "Company")

Legal Entity Identifier: 213800HAEDBBK9RWCD25

Dividend Declaration

As noted in the recent RNS regarding the outcome of the strategic review and despite more than initially expected AIM fund raises this year, challenging market conditions continue on AIM. Having had a number of disposals of qualifying holdings, one of which was the largest qualifying investment in the Company's portfolio, along with some partial disposals of other holdings, this has resulted in realisations of around £15m during the Company's financial year to date. New qualifying investments have so far amounted to £9.5m. Following discussion with the Investment Manager and the Company's advisers, the Board is therefore choosing to accelerate the timing of dividend payments this year via the declaration of a second interim dividend of 1.5p. The Board is also recommending a special dividend of 2.5p. Cash and current asset investments are held mainly in a combination of interest bearing overnight bank deposits and money market funds. This will still leave cash and current asset investments representing around 19% of the Company's Net Asset Value, prior to the potential takeover of Learning Technologies.

Both the Second Interim Dividend and the Special Dividend will be paid on 17 January 2025 to shareholders on the Company's register of members at the close of business on 20 December 2024. The ex-dividend date will be 19 December 2024.

Dividend Re-Investment Scheme ("DRIS")

There will be no DRIS available with these dividends. 

Enquiries:

Fiona Wollocombe, Chair

Amati AIM VCT plc

Email: AmatiAIMVCTChair@amatiglobal.com

Amati Global Investors

Investor Line: 0131 503 9115

Email: info@amatiglobal.com