Active Capital Trust PLC Return of Capital (1213Q)

TIDMAIT

RNS Number : 1213Q

Active Capital Trust PLC

01 November 2012

   To:               RNS 
   From:           Active Capital Trust plc (The "Company") 
   Date:           1 November 2012

SEVENTH RETURN OF CAPITAL

In the shareholder circular, dated 26 October 2012, detailing Recommended Proposals for the voluntary winding-up of the Company, the Board indicated that a pre-liquidation distribution would be made prior to the Proposals being approved by Shareholders and the Company being placed into liquidation. Proceeds of GBP3.4 million have been generated from the sale of the Company's holding in Quindell Portfolio.

The Board of Active Capital Trust is pleased to announce the seventh return of capital to shareholders of 5.5p per share, amounting to GBP2.8 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, 55 pence per share has already been distributed and the seventh payment will bring the total distributions to date to 60.5 pence per share. This total payment represents 117% 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.

Based on the total assets at 31 October 2012 of GBP7.6 million and after the seventh distribution of GBP2.8 million is made, the Company will retain assets of GBP4.8 million or 9 pence per share. The remaining portfolio comprises 6 holdings which represent either strategic investments in public companies or unquoted holdings. The four largest holdings which represent over 98% of remaining asset value are Cambridge Sensors, IS Solutions, AorTech International and Transense Technologies.

The Board announces that a seventh return of capital to shareholders of 5.5p per share, amounting to GBP2.8 million in aggregate, will be made as follows:

                      Ex date:                     7 November 2012 
                      Record date:               9 November 2012 
                      Pay date:                   16 November 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

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