Last checked at 
18 Jan 2007 13:27
Unicorn AIM VCT plc18 January 2007AGM Statement
Unicorn AIM VCT plc is pleased to announce that all resolutions proposed at the Annual General Meeting held today, 18 January 2007, were approved by Shareholders.
A quorum was not present at either of the separate class meetings of Ordinary Shareholders and S2 Shareholders held today and these were adjourned until 9.30 am and 9.40 am respectively on Friday, 19 January 2007.
The Board is encouraged by the further progress achieved by both the Ordinary Share Fund and the S2 Share Fund since the Company's financial year end on 30 September 2006. During the three month period ending 31 December, 2006 the Net Asset Values for the Ordinary Share Fund and the S2 Share Fund appreciated by a further 7.8% and 7.3% respectively and both Funds continue to be the best performers since launch in their respective peer groups.
As previously reported, all of the legislative tests relating to the running of the Company continue to be met and most importantly substantially more than 70% of total assets are held in qualifying investments.
The Directors believe that there will continue to be a wide range of attractive investment opportunities in the AIM market in the coming years. In order to take advantage of these opportunities we are pleased to announce a further opportunity to invest in the Company through a ‚£20 million issue of series 3 (S3) shares.
The capital raised by an issue of S3 Shares will be managed as a separate pool of funds with the advantage of a discrete 3-year window for the 70% qualifying test. The S3 shares will be issued at 100 pence per share and the offer, which is expected to commence on 19 February 2007, will be available both to existing Shareholders in the Company and to new investors.
UNICORN AIM VCT PLC