13th Jun 2005 14:02
Close Technology & General VCT PLC13 June 2005 CLOSE TECHNOLOGY & GENERAL VCT PLC Revised Asset Value and Interim Dividend The Company has decided to declare an interim dividend for the current financialyear at a rather earlier date than normal. The introduction of the newInternational Financial Reporting Standards is likely to change the way in whichthe Company currently accounts for the payment of dividends. An early interimdividend is therefore likely to give the Company more flexibility ensuring thatany change in accounting treatment that may be required can be accommodatedwithin the Company's overall strategy of maintaining a strong and reasonablypredictable dividend yield. Due to the Company's continuing strong performance it is now intended that thetarget for the total dividends for the year will be raised from 7 pence to 8pence. It is intended that, so far as is practicable and if the Company'sperformance permits, this level will continue for future periods. The Companytherefore declares an interim dividend of 4 pence per Share (2004: 1 penny perShare) payable on 14 July 2005 to shareholders on the register on 24 June 2005.2 pence of the dividend is being paid out of realised capital profits. The Company's unaudited net asset value at 30 April 2005, after allowing for theinterim dividend referred to above, was 117.9 pence per Share. 13 June 2005 For further information: Patrick Reeve Close Venture Management Tel: 020 7422 7830 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Albion. Tch Vct