Unicorn Asset Management Regulatory News (UAV)

22 Feb 2012 16:40

Unicorn AIM VCT PLC ("the Company")

Enhanced Buyback and Top Up Offer

The Board of Unicorn AIM VCT plc is pleased to announce that the Company's enhanced buy-back facility ("Enhanced Buy-back Facility") and top up offer for subscription ("Top Up Offer") both dated 13 January 2012 has now closed.

Due to strong demand under the Enhanced Buyback Facility, the Company received more applications to participate in the Top Up Offer than could be accommodated. Accordingly, the Board has exercised its discretion, in accordance with the terms and conditions of the Enhanced Buyback Facility and Top Up Offer, to accept all valid applications received on or before 1 February 2012, scale back all applications received on 2 February 2012 and to reject all applications received thereafter. As all applications are to be treated on a first come first served basis, the Board considers this to be the correct manner in which to handle such applications. Confirmation of acceptance and rejection of applications, together with documentation detailing allocations under the Enhanced Buyback Facility and the Top Up Offer including new share and income tax certificates (in the case of successful applications) should be received by applicants no later than 9 March 2012. Applicants' individual positions may, in the meantime, be checked with the Company's registrars, Capita Registrars.

In light of the successful uptake under the Enhanced Buy-back Facility, the Board will continue to consider the implementation of such schemes in the future.

The Board can confirm that on 22 February 2012 it purchased 4,115,220 ordinary shares of 1 pence each at a price of 93.95 pence per share as part of the company's Enhanced Buy-back Facility.

The Board can further confirm that 4,090,027 ordinary shares of 1 pence each have been allotted on 22 February 2012 at 100.43 pence per share pursuant to the Top Up Offer.

Of the 4,090,027 allotted new ordinary shares, 3,984,260 ordinary shares constituted the re-investment of proceeds of sale of existing shares (including rebate commission of 3.5%) pursuant to the company's Enhanced Buyback Facility and the balance of 105,767 ordinary shares constituted the subscription of new monies (including reinvested commission) pursuant to the Top Up Offer, amounting to approximately £106,222 in aggregate of new monies raised.

The new ordinary shares rank pari passu in all respects with the existing ordinary shares.

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, 27 February 2012.

This brings the total number of ordinary shares in issue to 58,467,481.

The above figure (58,467,481) 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, Unicorn AIM VCT plc under the FSA's Disclosure and Transparency Rules.

For further information, please contact:

Company SecretaryMatrix-Securities LimitedRob BrittainTelephone: 020 3206 7102