Change of Inv Manager and Proposed Change of Name


 

TIDMCPV TIDMCBG 
 
RNS Number : 1599M 
Close Brothers Protected VCT PLC 
23 January 2009 
 

 
Close Brothers Protected VCT PLC 
Change of Investment Manager and Proposed Change of Name 
 
 
The Board of Close Brothers Protected VCT PLC (the "VCT") announces that the 
business of Close Ventures Limited, the manager of the VCT and one of the 
leading managers of venture capital trusts in the UK, has been acquired by 
Albion Ventures LLP ("Albion Ventures") from Close Brothers Group ("Close"). 
Albion Ventures has been formed by the executive directors of Close Ventures; 
Close meanwhile will continue to have an investment in the business. 
 
 
 The VCT's management contract, along with those of the other VCTs managed by 
Close Ventures, has been novated from Close Ventures to Albion Ventures under 
exactly the same terms as the current agreement. The investment approach of 
Albion Ventures and the investment policy of the VCT are also unchanged, with a 
continued emphasis on building up a broad portfolio of investee companies with 
no bank borrowings and the maintenance of a strong dividend yield. 
 
 
As a result of this change, the VCT's Company Secretary will change to Albion 
Ventures LLP with immediate effect. 
 
 
A General Meeting will be convened shortly to seek shareholder approval to 
change the VCT's name from Close Brothers Protected VCT PLC to Albion Protected 
VCT PLC. 
 
 
For further information, please contact: 
 
 
Patrick Reeve 
Close Ventures 
020 7422 7830 
 
 
Roddi Vaughan Thomas 
Peregrine Communications 
020 3178 6870 
 
 
 
 
23 January 2009 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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