9 Jan 2009 17:38
CLOSE BROTHERS DEVELOPMENT VCT PLC
NOTIFICATION OF TRANSACTIONS OF DIRECTORS, PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY OR CONNECTED PERSONS
This form is intended for use by an issuer to make a RIS notification required by DTR 3.1.4R(1).
(1) An issuer making a notification in respect of a transaction relating to the shares or debentures of the issuer should complete boxes 1 to 16, 23 and 24 - see below.
(2) An issuer making a notification in respect of a derivative relating to the shares of the issuer should complete boxes 1 to 4, 6, 8, 13, 14, 16, 23 and 24 - N/A.
(3) An issuer making a notification in respect of options granted to a director/person discharging managerial responsibilities should complete boxes 1 to 3 and 17 to 24 - N/A.
(4) An issuer making a notification in respect of a financial instrument relating to the shares of the issuer (other than a debenture) should complete boxes 1 to 4, 6, 8, 9, 11, 13, 14, 16, 23 and 24 - N/A.
1. Name of the issuer
Close Brothers Development VCT PLC
2. State whether the notification relates to (i) a transaction notified in accordance with DR 3.1.4R(1)(a); or
(ii) DR 3.1.4(R)(1)(c) a disclosure made in accordance with section 793 of the Companies Act 2006; or
(iii) both (i) and (ii)
Notification in accordance with (iii)
3. Name of person discharging managerial responsibilities/director
J.G.T. Thornton (Director)
4. State whether notification relates to a person connected with a person discharging managerial responsibilities/director named in 3 and identify the connected person
J.G.T. Thornton (Director)
5. Indicate whether the notification is in respect of a holding of the person referred to in 3 or 4 above or in respect of a non-beneficial interest
J.G.T. Thornton (direct holding)
6. Description of shares (including class), debentures or derivatives or financial instruments relating to shares
New Ordinary shares of 50p each
7. Name of registered shareholders(s) and, if more than one, the number of shares held by each of them
J.G.T. Thornton - 21,130
Shares held by family members: Mrs C M Thornton - 26,787
8 State the nature of the transaction
Purchase of shares as part of a dividend reinvestment scheme
9. Number of shares, debentures or financial instruments relating to shares acquired
J.G.T. Thornton - 985
10. Percentage of issued class acquired (treasury shares of that class should not be taken into account when calculating percentage)
0.003%
11. Number of shares, debentures or financial instruments relating to shares disposed
Nil
12. Percentage of issued class disposed (treasury shares of that class should not be taken into account when calculating percentage)
N/A
13. Price per share or value of transaction
£0.859
14. Date and place of transaction
30 December 2008 (dealings commenced 31 December 2008)
15. Total holding following notification and total percentage holding following notification (any treasury shares should not be taken into account when calculating percentage)
J.G.T. Thornton - 22,115 (0.07%)
Mrs C M Thornton - 26,787 (0.08%)
16. Date issuer informed of transaction
9 January 2009
Name of contact and telephone number for queries
Isabel Dolan - tel: 020 7422 7830
Director of Close Ventures Limited as Company Secretary to Close Brothers Development VCT PLC
9 January 2009
Albion. Dev Vct (AADV)