MIG4.L Regulatory News (MIG4)

22 Sep 2006 16:33

TriVen VCT plc ("the Company")22 September 2006Further to the announcement made on 3 August 2006 regarding the change to theCompany's investment management arrangements and the possibility of a furtherfund-raising to be undertaken in the current tax year, a circular ("Circular")is being despatched to shareholders today containing details of:¢â‚¬¢ the restructuring of the share capital such that every two existing ordinary shares of 5p each will be consolidated into one new ordinary share of 1p each; ¢â‚¬¢ the change of name of the Company to Matrix Income & Growth 4 VCT plc ¢â‚¬¢ the cancellation of the share premium account of the Company attributable to the new ordinary shares to be issued under the proposed offer for subscription ¢â‚¬¢ new arrangements to be entered into with Matrix Private Equity Partners Limited for the management of the Company's existing assets and the proceeds of the proposed offer for subscription ¢â‚¬¢ the extension of the life of the Company in preparation for the proposed fund-raising ¢â‚¬¢ Proposed offer for subscription of new ordinary shares of 1p each in the capital of the Company Full details of these proposals are contained in the Circular. They are subjectto the approval of shareholders at an Extraordinary General Meeting of theCompany being convened for 18 October 2006, notice for which is also containedin the Circular.The Circular also includes the printed version of the Company's Interim Reportfor the six months ended 31 July 2006.Copies of the Circular have been submitted to the UK Listing Authority, andwill shortly be available for inspection at the UK Listing Authority's DocumentViewing Facility, which is situated at:The Financial Services Authority 25 The North Colonnade Canary Wharf London E14 5HS Copies of the circular will also be available from the Company's registeredoffice at:One Jermyn Street London SWIY 4UH Tel: 0207-925-3300 and on the Company's website: www.trivenvct.co.ukExpected TimetableFriday, 29 September 2006 Record date for payment of interim dividend of 0.9p to be paid to existing shareholders Monday, 16 October 2006 at 11.00 Deadline for return of Proxy Forms for the am Extraordinary General Meeting Wednesday, 18 October 2006 at Extraordinary General Meeting 11.00 am Subject to passing of the resolutions to be proposed at the Extraordinary General Meeting i) record date for the restructuring of the share capital of the Company; ii) change of name of the Company to Matrix income & Growth 4 VCT plc; and iii) new management agreements to become effective By Wednesday, 25 October 2006 New share certificates for consolidated shares to be dispatched to existing shareholders within 7 days of the Extraordinary General Meeting Thursday, 26 October 2006 Existing shareholders to receive the interim dividend Early November Launch of offer for subscription Contact details for further enquiries:Sarah Penfold of Matrix-Securities Limited (the Company Secretary) on 020 79253300 or by e-mail on triven@matrixgroup.co.ukMark Wignall of Matrix Private Equity Partners Limited (the InvestmentManager), on 020 7925 3300 or by e-mail on info@matrixpep.co.ukENDTRIVEN VCT PLC