CYS Chrysalis Vct Plc

 
TIDMCYS 
 
Chrysalis VCT plc (the "Company") 
31 January 2013 
Share Realisation and Reinvestment Programme and Top Up Offer 
 
The directors of the Company are pleased to announce that they have published an 
offer  document (the "Offer Document") and  a circular (the "Circular") covering 
proposals to offer the Company's shareholders who are not resident in any of the 
Restricted  Jurisdictions  (as  such  terms  is  defined  in the Offer Document) 
("Existing  Shareholders") the opportunity to participate in a share realisation 
and  reinvestment programme ("SRRP"). The Offer  Document also proposes to offer 
all of the Company's shareholders (the "Shareholders") and members of the public 
the  opportunity to subscribe for up to 2,979,102 ordinary shares in the capital 
of the Company (the "Top Up Offer"). 
 
Details  of the SRRP and Top Up Offer are included in the Circular which will be 
posted  to the Company's Shareholders shortly.   The terms and conditions of the 
SRRP  and Top Up Offer together  with information regarding the risks associated 
with  participating in the SRRP  and/or Top Up Offer  are contained in the Offer 
Document. 
 
The  SRRP, if  approved by  the Shareholders,  will give  participating Existing 
Shareholders the opportunity to sell their shares back to the Company at a price 
equal  to 100% of  the most  recently published  net asset  value of  the shares 
(rounded  down to the nearest 0.1p per share)  and to then reinvest the proceeds 
from  the  sale  in  a  new  issue  of  ordinary  shares  at  a  price  equal to 
approximately  103% of the net  asset value of  the shares (rounded  down to the 
nearest  0.0001p per share) (the "Substitution  Shares"), with the premium being 
charged  to cover administrative costs.  Participating Existing Shareholders are 
then, subject to their personal circumstances, able to obtain additional VCT tax 
relief  of up to 30% of the amount  subscribed for Substitution Shares. The SRRP 
is  subject to an overall limit equal  to 48.5% of the issued ordinary shares of 
the Company. 
 
The Top Up Offer is open to Shareholders and members of the public who may apply 
for  up to 2,979,102 additional  ordinary shares in  the Company pursuant to the 
Top Up Offer. 
 
Both  the SRRP and the  Top Up Offer will  close at 3.00 p.m. on 28 March 2013, 
although the closing date of either the SRRP or the Top Up offer may be extended 
by the Company's directors. 
 
The  SRRP and the Top Up Offer  are subject to Shareholder approval. The general 
meeting of the Company's Shareholders has been convened for 14 March 2013 at 10 
Lower Grosvenor Place, London SW1W 0EN. The notice of the meeting and a detailed 
explanation of the resolutions to be proposed at the general meeting are set out 
in the Circular. 
 
Copies of the Circular and Offer Document are available at www.downing.co.uk. 
 
The  Circular will shortly  be available for  inspection at the National Storage 
Mechanism which can be accessed at http://www.morningstar.co.uk/uk/nsm 
 
Any enquiries in relation to the SRRP or the Top Up Offer should be made to: 
 
Grant Whitehouse 
Downing LLP 
 
Telephone: 020 7416 7780 
 
Please  note that Downing LLP  is not able to  provide investment or tax advice. 
Shareholders  are advised to consult an independent financial adviser for advice 
in relation to the SRRP or Top Up Offer. 
 
 
 
 
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: Chrysalis VCT PLC via Thomson Reuters ONE 
[HUG#1674758] 
 

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