Circ re Enhanced Buyback Facility & Top Up Offer

UNICORN AIM VCT PLC - Circ re Enhanced Buyback Facility & Top Up Offer

PR Newswire

London, February 22

The board of directors ("Board") of Unicorn AIM VCT plc ("the Company") istoday sending out a circular ("Circular") to shareholders in relation to anenhanced buyback facility, such facility being for up to 20% of the issuedshare capital of the Company ("Enhanced Buyback Facility"), and an offer forsubscription for new shares ("Top Up Offer").

Implementation of the Enhanced Buyback Facility is subject to shareholderapproval being provided at a general meeting convened for 22 March 2013("General Meeting") pursuant to the Circular.

As the Company has already obtained the necessary authorities to allot sharesfree of pre-emption rights in connection with the Top Up Offer at the annualgeneral meeting of the Company held on 7 February 2013, implementation of theTop Up Offer is not conditional on the approval of the resolutions to beproposed at the General Meeting.

Enhanced Buyback Facility

The Company is offering to purchase up to a maximum of 11,448,886 existingshares, which represent 20% of the issued share capital as at 21 February 2013,subject to the proceeds of sale being reinvested in new shares.

The record date to be eligible to participate in the Enhanced Buyback Facilityis 5.00 p.m. on 21 February 2013.

The Enhanced Buyback Facility will open on 25 February 2013. The closing datefor applications pursuant to the Enhanced Buyback Facility is 12.00 noon on 28March 2013 (subject to the Board's discretion to extend the Enhanced BuybackFacility).

Further details on the Enhanced Buyback Facility, the terms and conditionsthereof and the tax consequences of participating, are set out in the Circular.Shareholders are advised to consult their independent financial adviser.

Top Up Offer

The Board is also making available, to both existing Shareholders and newinvestors, the opportunity to subscribe for New Shares pursuant to the Top UpOffer to raise up to a maximum of £4.3 million.

The opening date for applications pursuant to the Top Up Offer is 22 February2013. The closing date for applications pursuant to the Top Up Offer is 12.00noon on 5 April 2013 in respect of the 2012/2013 tax year and 31 July 2013 inrespect of the 2013/2014 tax year (subject to the Board's discretion to extendthe Top Up Offer).

Further details on the Top Up Offer, the terms and conditions thereof and thetax consequences of participating, are set out in the Circular. Shareholdersare advised to consult their independent financial adviser.

Availability of Documents

The Circular has been submitted to the Financial Services Authority and willshortly be available for inspection at the National Storage Mechanism, which islocated at:

http://www.hemscott.com/nsm.do

A copy of the Circular can also be obtained from the website of Unicorn AssetManagement Limited (the Company's Investment Manager):

For enquiries in relation to the Top Up Offer, please contact:

Luke Reeves of LGBR Capital LLP (the Promoter to the Top Up Offer), on 020 34407423 or by email on [email protected]

For enquiries in relation to Enhanced Buyback Facility and for further generalinformation, please contact:

Chris Hutchinson of Unicorn Asset Management Limited (the Company's InvestmentManager), on 020 7253 0889.

Robert Brittain at Mobeus Equity Partners LLP (the Company Secretary) on 0207024 7600 or by e-mail on [email protected]

Please note that neither LGBR, Unicorn AM nor Mobeus can provide advice on themerits of the Enhanced Buyback Facility or the Top Up Offer, or give anyfinancial, legal, investment or tax advice.