LLT Limelight Vct

 

TIDMLLT 
 
RNS Number : 1066J 
Limelight VCT plc 
24 March 2010 
 

For Immediate Release 
           24 March 2010 
 
                                Limelight VCT plc 
                       ("Limelight VCT" or the "Company") 
 
                            Result of General Meeting 
 
 
Further to the Class 1 Circular posted to Shareholders on 26 February 2010 
convening a General Meeting, the Company is pleased to announce that at the 
General Meeting held today all the resolutions tabled were duly passed. 
 
As a result, the Disposal of the investments has now completed. The Company will 
now hold approximately GBP4.9m in cash and 2 remaining investments. The Company 
now intends to pursue 2 options: 
 
1.   It will continue with the current investment policy whilst carrying out a 
review of the current state of the film finance industry in considering whether 
there are suitable opportunities for investment. VCT Rules dictate that the 
Company has 6 months from receipt of the Disposal proceeds to redeploy the funds 
or distribute them to Shareholders and therefore it has up to 6 months to 
complete the market review. The Directors are committed however, to completing 
this review in such a way as to ensure the decision is made as quickly as 
possible. 
 
2.   Should this review conclude that the opportunities do not remain attractive 
for investors then the Company will attempt to solvently wind up the Company and 
distribute the cash and any other assets to Shareholders. The Directors would 
expect to have held the General Meeting to approve the solvent winding up of the 
Company within 2 months of the completion of the market review although this 
timeline will be accelerated in the interest of the Shareholders if at all 
possible. 
 
Enquiries 
Limelight VCT plc 
Michael Henry               020 7478 9144 
 
Beaumont Cornish Limited 
Roland Cornish              020 7628 3396 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 REGJIMTTMBBTBPM 
 

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