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

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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. 6
INFORMATION RELATING TO THE COMPANIES Directors David Charles Pinckney FCA Alan Geoffrey Moore OBE, CEng FIMechE Colin Laing Wood Paul Scott Thomas ACA all of 3 More London Riverside London SE1 2AQ Manager Climate Change Capital Limited 3 More London Riverside London SE1 2AQ Registered Office Principal Banker Capita Company Secretarial Services Limited HSBC Bank plc The Registry 60 Queen Victoria Street 34 Beckenham Road London Beckenham EC4N 4TR Kent BR3 4TU Registrars Custodian Capita Registrars Cazenove Capital Management Limited The Registry 12 Moorgate 34 Beckenham Road London Beckenham EC2R 6DA Kent BR3 4TU Sponsor and Solicitors VCT Taxation Adviser Howard Kennedy PricewaterhouseCoopers LLP 19 Cavendish Square 1 Embankment Place London London W1A 2AW WC2N 6RH Receiving Agents and Secretary Auditor The City Partnership (UK) Limited PKF (UK) LLP Thistle House Farringdon Place 21 Thistle Street 20 Farringdon Road Edinburgh London EH2 1DF EC1M 3AP Marketing Adviser in Relation to the Offers Reporting Accountant RAM Capital Partners LLP PKF (UK) LLP 74 Chancery Lane Farringdon Place London 20 Farringdon Road WC2A 1AD London EC1M 3AP 7
Page 1: Ventus VCT plc and Ventus 2 VCT plc
Page 4 and 5: CONTENTS Page SUMMARY 3 RISK FACTOR
Page 6 and 7: RISK FACTORS You should consider ca
Page 10 and 11: PART 1: SHARE OFFERS BY VENTUS AND
Page 12 and 13: The following table shows what an i
Page 14 and 15: THE VENTUS APPROACH Focus on Smalle
Page 16 and 17: Paul Thomas ACA (aged 52) Paul Thom
Page 18 and 19: Charging Expenses to Capital A maxi
Page 20 and 21: Listing Application will be made to
Page 22 and 23: SECTION C: INVESTMENT PORTFOLIO AND
Page 24 and 25: Obtaining tax reliefs Ventus and Ve
Page 26 and 27: PART 2: DEFINITIONS “Admission”
Page 28 and 29: PART 3: TERMS AND CONDITIONS OF APP
Page 30 and 31: GUIDE TO THE APPLICATION FORM The f
Page 32 and 33: Section 4 For completion by authori
Page 36: For further assistance, please cont

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

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