Crown Place VCT PLC Doc re. Share buy-backs
06 Dezember 2012 - 3:26PM
UK Regulatory
TIDMCRWN
Crown Place VCT PLC
Share buy-backs
The board of Crown Place VCT PLC announces a change in policy regarding the
discount applied to the buying back of shares by the Company.
With immediate effect, the Company's target is to be able to buy back shares at
discounts to net assets of up to 5 per cent.
This policy is subject to the overall constraint that such purchases are in the
Company's interests so far as market conditions and liquidity permit. This
includes the maintenance of sufficient cash resources for investment in new and
existing investee companies and the continued payment of dividends to
shareholders and it may, therefore, be subject in the future to monetary limits
on the amount that may be spent on buy-backs in any six month period.
The Company's half year is 31 December 2012 and consequently will enter a
'close' period on that date, and be unable to buy in shares from that date until
the announcement of its interim results in February 2013.
For further information please contact
Patrick Reeve
Albion Ventures LLP
0207 601 1850
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Crown Place VCT PLC via Thomson Reuters ONE
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