CLOSE Ventures has announced a further offer of new shares for the Close Enterprise VCT. It follows the success of the initial offering made earlier this year.
Close Enterprise VCT raised £19.8m in April, and the company is looking to raise up to £20m more through the new share offer. Up to 20,000,000 new shares of 50p each will be offered at 100p per new share. The VCT aims to provide investors with regular income, as well as long term capital growth. It invests up to 50pc of its funds in lower risk, asset-based businesses, mainly in the leisure sector and related areas. The balance is invested in higher growth businesses in a variety of sectors, ranging from lower risk, income producing businesses, to higher risk technology companies. Pa...
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