We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Ventus 2 Vct Plc | LSE:VEN2 | London | Ordinary Share | GB00B0WCHT14 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 42.00 | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMVEN2
RNS Number : 4237G
Ventus 2 VCT PLC
26 May 2017
Ventus 2 VCT plc (the "Company") - Related Party Transaction
The Company has agreed with Temporis Capital Limited ("Temporis"), its investment manager, to vary the terms of its investment management agreement ("IMA") under which Temporis manages the Company's investments.
Temporis has agreed that, with effect from 1 November 2017, which is the earliest practicable date that the terms of the current IMA could be renegotiated, the annual management fee will reduce from 2.5% to 2.25% of net asset value and will reduce further to 2.125% from 1 November 2020 and to 2% from 1 November 2021 onwards.
In return, the Company has agreed to extend the term of the agreement, such that the agreement is for an initial term of five years but terminable by either side on 24 months' notice. Under the Listing Rules, Temporis is considered to be a related party of the Company and the proposed change to the IMA constitutes a 'smaller related party' transaction. Howard Kennedy Corporate Services LLP, the Company's sponsor, has confirmed that, as is required under the Listing Rules, the change in the proposed investment management agreement is fair and reasonable so far as shareholders of the Company are concerned.
The Directors of the Company are satisfied that the continuing appointment of Temporis, on the new terms, is appropriate and in the interests of shareholders.
For and on behalf of the Board
Alan Moore
Chairman
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCUNRSRBUAVUAR
(END) Dow Jones Newswires
May 26, 2017 10:04 ET (14:04 GMT)
1 Year Ventus 2 Vct Chart |
1 Month Ventus 2 Vct Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions