REG - Amati AIM VCT PLC - Dividend Declaration

Amati AIM VCTAnnouncement

12/12/2024 15:45

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RNS Number : 9184P  Amati AIM VCT PLC  12 December 2024

12 December 2024

 

Amati AIM VCT plc (the "Company")

 

Legal Entity Identifier: 213800HAEDBBK9RWCD25

 

Dividend Declaration

 

As noted in the recent RNS regarding the outcome of the strategic review and
despite more than initially expected AIM fund raises this year, challenging
market conditions continue on AIM. Having had a number of disposals of
qualifying holdings, one of which was the largest qualifying investment in the
Company's portfolio, along with some partial disposals of other holdings, this
has resulted in realisations of around £15m during the Company's financial
year to date. New qualifying investments have so far amounted to £9.5m.
Following discussion with the Investment Manager and the Company's advisers,
the Board is therefore choosing to accelerate the timing of dividend payments
this year via the declaration of a second interim dividend of 1.5p. The Board
is also recommending a special dividend of 2.5p. Cash and current asset
investments are held mainly in a combination of interest bearing overnight
bank deposits and money market funds. This will still leave cash and current
asset investments representing around 19% of the Company's Net Asset Value,
prior to the potential takeover of Learning Technologies.

 

Both the Second Interim Dividend and the Special Dividend will be paid on 17
January 2025 to shareholders on the Company's register of members at the close
of business on 20 December 2024. The ex-dividend date will be 19 December
2024.

 

Dividend Re-Investment Scheme ("DRIS")

 

There will be no DRIS available with these dividends.

 

Enquiries:

 

Fiona Wollocombe, Chair

Amati AIM VCT plc

Email: AmatiAIMVCTChair@amatiglobal.com

 

Amati Global Investors

Investor Line: 0131 503 9115

Email: info@amatiglobal.com (mailto:info@amatiglobal.com)

 

 

 

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