2 Apr 2013 11:48
New Century Aim VCT plans to offer shareholders the opportunity to sell back up to 10% of their shareholding in the Company at a price of a 5% discount to Net Asset Value per share. This option has been taken so that all shareholders are being treated equally and fairly, which would not be the case if a “first come, first served” principle was applied. Shareholders will be given the opportunity to apply for more than 10% of their holding in the event that not all shareholders take up the offer. In such an event, this will also be calculated on a pro rata basis for those applying. The buy back price will be 58.67p based on a 5% discount to the net asset value as at the 21st March 2013. The buy back will close by 12pm on the 26th April 2013. The directors reserve the right to withdraw the shares buy-back in the event that the Net Asset Value per share of the Company changes more than 5% in either direction by the Closing Date of the Offer. If that should occur, the directors will re-set the buy-in price and advise shareholders accordingly.
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