New Cent. Aim Vct 2 Strategy/Company/Operations Update
December 02 2016 - 5:18AM
UK Regulatory
TIDMNCA2
NEW CENTURY AIM VCT 2 PLC
In October 2016, the above fund was approaching its tenth
anniversary. With a diverse portfolio of AIM stocks, the company
was performing reasonably well and was the second highest
performing fund out of 11 funds in the AIM VCT sector over the
previous three year period. However, the Directors of the company
felt the time was right to give the shareholders the chance to
decide the future direction of New Century AIM VCT 2 Plc.
The choices were:
1 To proceed with an orderly winding up of the fund and to
return any monies realised to the shareholders,
2 To continue with buybacks, or
3 To continue with the fund in its present form but to focus on
producing a bigger income stream for shareholders.
The Directors are pleased to report that a large number of
shareholders responded to the vote and the total results received
showed a majority vote of 85.71% in favour of option 3.
View source version on businesswire.com:
http://www.businesswire.com/news/home/20161202005299/en/
This information is provided by Business Wire
(END) Dow Jones Newswires
December 02, 2016 06:18 ET (11:18 GMT)
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