Ventus VCT plc and Ventus 2 VCT plc - The Tax Shelter Report

EXPECTED TIMETABLE IN RESPECT OF THE OFFERS
Offers Open 8 February 2010
Deadline for receipt of applications for final allotment in 2009/10 tax year 3pm on 1 April 2010
Deadline for receipt of applications for final allotment in 2010/11 tax year 3pm on 31 May 2010
First allotment On or before 1 April 2010
First Admission and dealings expected to commence
within 5 business days of any allotment
The deadline for receipt of applications is subject to the Offers not being fully subscribed by an earlier date. The final closing date of the Offers,
and the deadline for receipt of applications for the final allotment in the 2009/10 tax year, may be extended by the Directors at their absolute
discretion. The Directors reserve the right to allot and issue Offer Shares at any time whilst the Offers remain open. Definitive share and tax
certificates will be despatched and CREST accounts credited as soon as practicable following allotment of Offer Shares. The Offers are not
underwritten.
OFFER STATISTICS
Offer Price per Offer Share
100p
Issue costs per Offer Share 5.5p
Maximum Net Proceeds of the Offers for Ventus £4,725,000
Maximum Net Proceeds of the Offers for Ventus 2 £4,725,000
Maximum number of Offer Shares in issue following the Offers for Ventus* 5,000,000
Maximum number of Offer Shares in issue following the Offers for Ventus 2* 5,000,000
Commission available to authorised introducers:
Either: Initial 3% of amount introduced
or
Initial
plus
Annual for four years
2% of amount introduced
0.4% of amount introduced (subject to the Offer Shares still being owned by
the relevant investors)
*includes any additional shares issued by Ventus and Ventus 2 as detailed in the paragraph headed “Applications for ‘C’ Shares” on page 17.
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