7 Jun 2013 14:29
Neptune Calculus Income and Growth Vct Plc
Results of Enhanced Buyback and Top Up offer
The Board of Neptune-Calculus Income and Growth VCT ("the Company") announce the results of an Enhanced Buyback (the "EBB") and a Top Up Offer as set out in the circular to shareholders of the Company dated 28 March 2013.
All correctly completed applications in respect of the EBB and Top Up Offer have been accepted in full and there has been no scaling back of applications.
The Company has today purchased 4,052,635 ordinary shares of 10p pence each ("Ordinary Shares") at a price of 54.83 pence per share and allotted 3,930,990 new Ordinary Shares at a price of 56.5258 pence per share pursuant to the EBB.
The Company has today also allotted 81,094 new Ordinary Shares at a price of 56.5258 pence (adjusted where appropriate to facilitate adviser charges) per share pursuant to the Top Up Offer.
The new Ordinary Shares rank pari passu in all respects with the existing share capital of the Company.
Application has been made to the UK Listing Authority and the London Stock Exchange for the new Ordinary Shares to be admitted to the Official List and to trade on the London Stock Exchange's main market for listed securities. It is expected that admission will become effective and dealings will commence on or around 13 June 2013.
Following the buyback and allotment of shares undertaken pursuant to the EBB and the Top Up Offer the Company has 11,311,329 Ordinary Shares in issue.
The above figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure and Transparency Rules.
For further information please contact:
Lesley Watkins (Company Secretary) on 020 7493 4940
7 June 2013