10 Jun 2009 14:37
RNS Number : 6888T
Aberdeen Income & Growth VCT PLC
10 June 2009
ABERDEEN INCOME AND GROWTH VCT PLC (THE COMPANY)
The senior executives of the private equity division of Aberdeen Asset Managers, the Company’s Manager, have completed a management buyout of that business and have formed Maven Capital Partners UK LLP (Maven) as a specialist, independent private equity investment manager. The business has been approved by the FSA.
The day to day running of the business and the core team involved in the investment management and administration of Aberdeen Income and Growth VCT plc will remain unaffected. Having reviewed the existing management contract and the performance of the Manager, the Board has decided to novate the management contract in favour of Maven, with effect from 9 June 2009.
By order of the Board
Maven Capital Partners UK LLP
Secretary
10 June 2009
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Maven Income 1 (MIG1)