Last checked at 
6 Jun 2008 11:49
Share Buyback Policy - Unicorn AIM VCT PLC
Unicorn AIM VCT PLC ("the Company") has operated a share buyback facility for its shareholders. This facility has enabled selling shareholders to realise their investment despite very limited liquidity in the secondary market. The Board has now completed a thorough evaluation of the buyback policy taking into account a number of factors, namely; current equity market conditions, the average discount to Net Assets of the AIM quoted VCT sector, the availability of capital to fund share purchases, the long term investment objectives of the Fund and the interests of all shareholders.
The Board believes that it is important to maintain a share buyback facility but after consideration of the above factors is increasing the discount to the last published NAV at which the Company buys back shares for cancellation from 10% to a range of between 15%-20%. The Board will continue to review the appropriateness of the buyback policy paying particular regard to possible changes in market conditions, sector discounts and availability of capital.
Shareholders should note that if they wish to sell their shares back to the Company for cancellation they should seek independent advice and use a stockbroker, authorised and regulated by the FSA. Further details on how to sell your shares are available on the Unicorn Asset Management Limited website at www.unicornam.com.
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