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PNEA Preston Assd

25.00
0.00 (0.00%)
17 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Preston Assd LSE:PNEA London Ordinary Share GB00B60PMF50 ORD �1 (ASSD DEEPDALE PNE CASH)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 25.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Share buyback policy

13/11/2008 11:31am

UK Regulatory


    Share buyback policy
             



Pennine AIM VCT 6 plc
13 November 2008

Shareholders  will  be  aware  that,  as  stated  in  the  prospectus
published in October 2005,  it is the  Company's intention to  return
30p per share  to shareholders by  way of dividends  and/or a  tender
offer by 31 July 2009 ("30p Return").

In planning  the  30p  Return,  the Board  has  been  monitoring  the
Company's cash projections and is  aware that, in the current  market
conditions, liquidity of many of the Company's AIM-quoted investments
is very weak.

To date, subject to close periods, the Company has generally operated
a policy of  buying in its  own shares that  become available in  the
market at approximately 10% discount  to its latest net asset  value.
The Company is now in a close  period while it prepares its year  end
results and so is effectively currently prohibited from buying in its
own shares.

In order to be able  to pay the 30p Return  without the need to  make
any substantial realisations of AIM-quoted investments, the Board has
decided to conserve cash by suspending its share buyback policy until
the after 30p Return has been paid.

The Board will continue to monitor the situation and will review  the
policy once the 30p Return has been paid.

---END OF MESSAGE---


This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.



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1 Year Pennine Aim Vct 6 Chart

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