Offer for Subscription

8 Dec 2005 12:37

Close Technology & General VCT PLC08 December 2005 8 December 2005 Close Technology & General VCT PLC Proposed Offer for Subscription of C Shares Further to the announcement made on 7 November 2005 relating to the issue of CShares by Close Technology & General VCT PLC (the "Company") the Directors arepleased to announce that at the Extraordinary General Meeting of the Companyheld today all resolutions, including in connection with the issue of C Sharesby the Company and to effect the proposed amendments to the terms of themanagement agreement with Close Venture Management, were passed. EXPECTED TIMETABLE OF PRINCIPAL EVENTS Subscription list for Offer opens 3 January 2006 Dealings in C Shares commence in respect of thefirst allotment of C Shares 4 January 2006 Final Closing for the Offer (unless closed 4 April 2006earlier) Commencement of dealings in respect of the final allotment of C Shares 5 April 2006 The Directors reserve the right to allot and issue C Shares at any time whilstthe Offer remains open. Definitive C Share and tax certificates will bedespatched and CREST accounts credited as soon as practicable following any suchallotment. Terms used in this announcement shall, unless the context otherwise requires,bear the meaning given to them in the documents issued by Close Technology &General VCT PLC on 7 November 2005. Enquiries: Patrick ReeveClose Venture Management 020 7422 7830 John West/Clemmie CarrTavistock Communications 020 7920 3150 This information is provided by RNS The company news service from the London Stock Exchange