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