Change of Manager

    RNS Number : 1844A
  Close Second AIM VCT PLC
  30 July 2008
   



    30 July 2008 

    CLOSE SECOND AIM VCT PLC


    The Board of Close Second AIM VCT plc (the "Company") announces that it has appointed Octopus Investments Limited ("Octopus") as its
Investment Manager with effect from 1 August 2008. This follows the agreed move to Octopus of the present fund managers, Andrew Buchanan and
Kate Tidbury, who will continue the day-to-day management of the Company's portfolio of investments following the appointment of Octopus.

    The existing investment management agreement has been transferred to Octopus and no changes have been made to the terms under which
investment management services are provided to the Company.

    As soon as practicably possible the Board will call an Extraordinary General Meeting to seek shareholders' approval for a change of name
of the Company to Octopus Second AIM VCT plc reflecting the appointment of Octopus.


    Enquiries:-

    Octopus Investments Limited
    Chris Hulatt, Director        
    020 7710 2804

    Close Investments Limited
    Richard Killingbeck, Deputy Chief Executive Officer
    020 7426 4333


    ENDS


This information is provided by RNS
The company news service from the London Stock Exchange
 
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