About Ingenious Entertainment VCT 1 & 2 D-Share
Following the successful launch of the Ingenious Entertainment VCTs in November 2007 and the subsequent C share offer in September 2008, over £25 million has now been raised.
In light of this success, a new offer for D Shares is now available which will increase the size of funds available to the VCTs. This will have the benefit of spreading the VCTs’ fixed costs over a larger asset base which will create economies of scale, therefore aiming to increase overall profitability to the benefit of all shareholders.
The Ingenious Entertainment VCTs identify opportunities to invest in UK companies which have been established to create and market live events and premium entertainment content. We believe that lifestyle changes, de-regulation and technological advances in the digital arena have created excellent investment opportunities for knowledgeable investors.
The twin structure of the Ingenious Entertainment VCTs gives greater flexibility in allowing for co-investment of up to £2 million in any one investee company.
Ingenious Entertainment VCT 1 plc - D Share
| Date | 05 April 2010 |
| Current NAV | 94.2p |
| Income Tax Relief | 30% |
| Cumulative Dividends Paid | £0.00 |
Ingenious Entertainment VCT 2 plc - D Share
| Date | 05 April 2010 |
| Current NAV | 94.2p |
| Income Tax Relief | 30% |
| Cumulative Dividends Paid | £0.00 |
Please see the Prospectus and Factsheet below and for further information please do not hesitate to call Matt Armitage on 020 7319 4000.
|VCT D Share Supplementary Prospectus|
|VCT D Share Factsheet|
In addition, the below circular and notice was distributed to shareholders.
|VCT D Share Circular to Shareholders|
Please click here to download a VCT D Share Application form
|VCT D Share Application form|
General Meetings
General Meetings of Shareholders of Ingenious Entertainment VCT 1 plc and Ingenious Entertainment VCT 2 plc are to be held on 16 December 2009.
1. NOTICE OF MEETING
The matters set out in the Notice of the Meeting are contained on pages 14 to 19 in the Circular.
2. TOTAL NUMBER OF SHARES AND VOTING RIGHTS
A. INGENIOUS ENTERTAINMENT VCT 1 PLC
The total number of shares of Ingenious Entertainment VCT 1 plc is 13,015,607 (includes both the ordinary shares and the ‘C’ ordinary shares). The total number of voting rights per each class of shares is split as follows:
- The total number of voting rights of the ordinary shareholders for the general meeting to be held on 16 December 2009 is 10,205,011; and
- The total number of voting rights of the ‘C’ ordinary shareholders for the general meeting to be held on 16 December 2009 is 2,810,596.
B. INGENIOUS ENTERTAINMENT VCT 2 PLC
The total number of shares of Ingenious Entertainment VCT 2 plc is 13,015,607 (includes both the ordinary shares and the ‘C’ ordinary shares). The total number of voting rights per each class of shares is split as follows:
- The total number of voting rights of the ordinary shareholders for the general meeting to be held on 16 December 2009 is 10,205,011; and
- The total number of voting rights of the ‘C’ ordinary shareholders for the general meeting to be held on 16 December 2009 is 2,810,596.
Important Information
This information does not constitute or form part of any offer for sale or solicitation of any offer to buy or subscribe for any securities. Any decision in connection with an investment in these securities should be made only on the basis of information contained in the prospectus issued in connection with the offer. In particular, your attention is drawn to the risk factors set out in the prospectus issued in connection with the offer. When considering what action to take you are recommended to seek your own personal financial advice from an appropriately authorised independent financial adviser. You should also seek advice about your own personal financial position in relation to entitlement to tax reliefs associated with an investment in Ingenious Entertainment VCT 1 plc and Ingenious Entertainment VCT 2 plc.
An investment in a Venture Capital Trust (VCT) may not be suitable for all investors, and should be considered to be a longer term investment. A VCT must invest 70% in qualifying investments within three years and you must hold the investment for five years to retain the 30% income tax relief. Tax rules and regulations are subject to change. VCTs may be higher risk and more difficult to realise than investing in other securities listed in the Official List of the UK Listing Authority and admitted to trading on the London Stock Exchange. The secondary market for shares in VCTs is limited and as a result shares in VCTs can trade at a discount to the net asset value. Past performance should not be seen as an indication of future performance. The value of shares in a VCT, and any income from them, may fall as well as rise and investors may not get back what they originally invested, even taking into account the tax breaks. VCTs are designed to provide capital for small companies and each VCT will invest in several companies. As such, there is a risk that these companies may not perform as hoped and in some circumstances may fail completely.
