Unicorn Asset Management Regulatory News (UAV)

7 Feb 2012 09:52

Unicorn AIM VCT plc

7 February 2012

UPDATE ON TOP UP OFFER AND ENHANCED BUYBACK FACILITY

On 13th January 2012, Unicorn AIM VCT plc ("the Company") launched a top up offer for subscription of new ordinary shares ("New Shares") of 1p each to raise up to £4.125 million, before expenses ("Top Up Offer") in addition to an enhanced buyback facility ("Enhanced Buyback Facility").

The directors of the Company are pleased to announce that the Top Up Offer is now fully subscribed. The Top Up Offer is expected to close once the purchase of shares in the Company pursuant to the Enhanced Buyback Facility and the allotment of New Shares pursuant to the Top Up Offer has taken place. This is expected to take place on 15th February 2012, following the announcement of the Company's net asset value as at close of business on 10th February 2012 after the dividend of 5p per share has been paid on that date. Payment of this dividend was approved by shareholders at the AGM held on Thursday 2nd February 2012. The net asset value at 10th February 2012 is due to be announced on 14th February 2012.

As a result of the Top Up Offer being fully subscribed, subscription forms in respect of the Top Up Offer (including applications under the Top Up Offer pursuant to the Enhanced Buyback Facility) which are now received will be returned in accordance with the terms and conditions contained within the Top Up Offer and Enhanced Buyback Facility documentation (as applicable).