REG - Unicorn AIM VCT PLC - Dividend Declaration

Unicorn AIM VCTAnnouncement

15/01/2026 16:00

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RNS Number : 1226P  Unicorn AIM VCT PLC  15 January 2026

Unicorn AIM VCT PLC (the "Company")

LEI: 21380057QDV7D34E9870

Announcement of Special Dividend

 

The Company announced on 28 November 2025 that Hasgrove Ltd ("Hasgrove") had
been acquired by Castik Capital S.à r.l. ("Castik") and that the Company's
final share of the proceeds was £88m. £22m of these proceeds were invested
alongside funds managed by Castik, the Executive Team, and the former Chair of
Hasgrove in Maia TopCo Ltd, the new company formed to acquire Hasgrove to
enable Unicorn AIM VCT plc. to continue to participate in the future growth of
Hasgrove. The remaining £66m was received in cash.

Tim Woodcock, Chair, Unicorn AIM VCT plc. Commented at the time:

"The Unicorn team have delivered an excellent result in both realising
considerable cash proceeds from the investment for the Company's shareholders,
and negotiating a deal which enables the VCT to participate in the future
growth of Hasgrove"

The Directors of the Company have now resolved to distribute £50m of the
gains to Shareholders following the disposal. As a result, the Directors have
declared a Special Dividend of 23.0p per ordinary share.

The dividend will be paid on 5 March 2026 to Shareholders on the register on
23 January 2026 and the shares will be quoted ex-dividend* on 22 January 2026.

Further to the announcement released on 27 November 2025 of the intention to
launch an Offer for subscription and following the change in the VCT rules in
the Budget, including the reduction in the tax credit on new subscriptions
from 30% to 20% in the tax years commencing on and from 6 April 2026, the
Board has decided to increase the size of the Offer for subscription to raise
£20 million (with an over-allotment facility to raise up to a further £15
million) through the issue of new ordinary shares.  Full details of the Offer
are expected to be published in late January 2026.

Shareholders are reminded that, should they wish to reinvest their dividends
into new shares in the Company, the Dividend Reinvestment Scheme ("DRIS") is
open to all Shareholders to join, and new shares issued should, subject to an
individual shareholder's personal circumstances, attract the 30% tax credit
given on new investment.  Details on how to join the DRIS can be found on the
Company's website: https://unicornaimvct.co.uk/dividend-reinvestment-scheme/
(https://unicornaimvct.co.uk/dividend-reinvestment-scheme/) .

The Board will continue to consider the payment in the future of a further
special dividend relating to the balance of the proceeds from the disposal of
Hasgrove shares, subject to prevailing circumstances and market conditions.

 

*  Shares acquired on or after the ex-dividend date will not qualify for the
dividend

 

For further information, please contact:

ISCA Administration Services Limited (the Company Secretary) on

01392 487056; or unicornaimvct@iscaadmin.co.uk
(mailto:unicornaimvct@iscaadmin.co.uk)

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