14 May 2013 16:53
The issuer advises that the following replaces the New Century Aim VCT PLC Result of Tender Offer announcement released at 15:15 BST.
The price of shares has been changed to 58.67p (instead of 56.18p), and the net asset value has been changed to 61.6p (instead of 59.14p).
All other details remain unchanged.
The full corrected version is shown below.
Results of Buyback Offer.
New Century Aim VCT today announces that in respect of the buyback offer announced on the 2nd April, 2013, the basic 10% offer was accepted in respect of 796,743 shares. Excess tenders will be satisfied to the extent of approximately 6.11% of the excess shares tendered. A total of 1,112,921 shares will be purchased at a price of 58.67p being a 5% discount to the net asset value of 61.6p as at 21st March, 2013.
It is anticipated that the proceeds payable to the Company’s Shareholders for the certificated shares purchased under the buyback offer will be despatched by the 19th July, 2013 in the form of a cheque or direct bank payment and that Crest account holders will have their Crest accounts credited on or before the 19th July, 2013.
Following the buyback, the number of shares in issue will be 10,016,292.
Copyright Business Wire 2013