TIDMAIT

RNS Number : 2016B

Active Capital Trust PLC

12 April 2012

   To:               RNS 
   From:           Active Capital Trust plc (The "Company") 
   Date:           12 April 2012

SIXTH RETURN OF CAPITAL

The Board of Active Capital Trust is pleased to announce the sixth return of capital to shareholders of 6p per share, amounting to GBP3.1 million. Since shareholders elected to change the Company's investment objective and policy with a view to realising investments in an orderly manner and progressively returning cash to shareholders, 49 pence per share has already been distributed and the sixth payment will bring the total distributions to date to 55 pence per share. This total payment represents 107% of the net asset value per share on 31 July 2009, the latest available NAV before the circular proposing the change of investment policy was dated.

During the quarter to 29 February 2012, one of the Company's holdings Netcall, reached the target price set for realisation and the holding was sold realising GBP884,000. At the start of April, the Company sold its holding in AI Claims Solutions for a consideration of GBP3.98 million representing a premium of 20% over the holding value at 29 February 2012. The consideration for this sale was received 50% in cash with the remainder in shares in Quindell Portfolio shares at 8 pence per share. These new Quindell shares are subject to an orderly market agreement but should demonstrate significantly greater liquidity than the shares we held in AI Claims and based on market forecasts could provide the opportunity for further capital growth over the near term. As a result of these two transactions, the Company has generated further cash from portfolio realisations to enable a further distribution to shareholders of 6 pence per share which will be made paid on 27 April 2012. Strategies continue to be pursued for the other holdings with a view of both creating liquidity events and the maximising of value from the portfolio.

Based on the total assets at, 10 April 2012 of GBP11.6 million and after the sixth distribution of GBP3.1million is made, the Company will retain assets of GBP8.5 million or 16 pence per share. The remaining portfolio comprises 9 holdings which represent either strategic investments in public companies or unquoted holdings. The four largest holdings which represent over 93% of remaining asset value are AorTech International, Cambridge Sensors, IS Solutions and Quindell Portfolio.

The Board announces that a sixth return of capital to shareholders of 6p per share, amounting to GBP3.1 million in aggregate, will be made as follows:

                      Ex date:                     18 April 2012 
                      Record date:               20 April 2012 
                      Pay date:                   27 April 2012

Enquiries

 
 Bill Brown/Robert Mitchell   Bluehone Investors LLP                        T: 020 7831 5088 
 Derek Osborne                Company Secretary, F&C Asset Management plc   T: 020 7628 8000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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