Find Your Broker
Share Name Share Symbol Market Type
Ventus 2 Vct NEX:GB00B0WCHT14-GBX NEX Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p - - - - - - - - -

Ventus 2 VCT PLC Related Party Transaction

26/05/2017 3:04pm

UK Regulatory (RNS & others)


Ventus 2 Vct (NEX:GB00B0WCHT14-GBX)
Historical Stock Chart

2 Years : From Dec 2016 to Dec 2018

Click Here for more Ventus 2 Vct Charts.

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 Year Ventus 2 Vct Chart

1 Month Ventus 2 Vct Chart

1 Month Ventus 2 Vct Chart
Your Recent History
NEX
GB00B0WCHT14-GBX
Ventus 2 V..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20181216 19:38:12