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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Critical Info | LSE:CIG | London | Ordinary Share | GB00B4XB3Y29 | ORD 50P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 80.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCIG RNS Number : 1618M Close Income & Growth VCT PLC 23 January 2009 Close Income & Growth VCT PLC Change of Investment Manager and Proposed Change of Name The Board of Close Income & Growth PLC (the "VCT") announces that the business of Close Ventures Limited, the manager of the VCT and one of the leading managers of venture capital trusts in the UK, has been acquired by Albion Ventures LLP ("Albion Ventures") from Close Brothers Group ("Close"). Albion Ventures has been formed by the executive directors of Close Ventures; Close meanwhile will continue to have an investment in the business. The VCT's management contract, along with those of the other VCTs managed by Close Ventures, has been novated from Close Ventures to Albion Ventures under exactly the same terms as the current agreement. The investment approach of Albion Ventures and the investment policy of the VCT are also unchanged, with a continued emphasis on building up a broad portfolio of investee companies with no bank borrowings and the maintenance of a strong dividend yield. As a result of this change, the VCT's Company Secretary will change to Albion Ventures LLP with immediate effect. A General Meeting will be convened shortly to seek shareholder approval to change the VCT's name from Close Income & Growth VCT PLC to Albion Income & Growth VCT PLC. For further information, please contact: Patrick Reeve Close Ventures 020 7422 7830 Roddi Vaughan Thomas Peregrine Communications 020 3178 6870 23 January 2009 This information is provided by RNS The company news service from the London Stock Exchange END MSCBJMBTMMATBML
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