Chrysalis VCT PLC : Share Realisation and Reinvestment Programme ("SRRP")


Chrysalis VCT plc
10 July 2013
Share Realisation and Reinvestment Programme ("SRRP")

On 31 January 2013, the Company published an Offer Document in respect of (i) a Tender Offer and Substitute Share Offer, together the Share Realisation and Reinvestment Programme ("SRRP"), to allow existing Ordinary Shareholders to subscribe for up to 48.5% of the issued Ordinary Share Capital of the Company from the proceeds of selling their existing Ordinary Shares back to the Company and (ii) a Top-up Offer to issue up to 2,979,102 additional Ordinary Shares.

The Directors of the Company announce further transactions in respect of SRRP applications for the tax year 2013/14 which were erroneously omitted from the transactions that took place on 11 April 2013.  The further transactions are summarised as follows:

  • A further 20,000 Ordinary Shares were purchased for cancellation at a price of 84.5p per Ordinary Share on 10 July 2013. 

  • A total of 19,400 Ordinary Shares were allotted in respect of the proceeds of the shares tendered for cancellation at a price of approximately 87.1134p per Ordinary Share on 8 July 2013. 

Application for the 19,400 Ordinary Shares to be admitted to the Official List of the UK Listing Authority and to trading on the London Stock Exchange's market for listed securities will be made at the earliest practicable opportunity.