Objective:
Invests in unquoted venture capital holdings and aims to provide high long-term tax-free returns to shareholders through a combination of dividend yield and capital growth.
Board of Directors:
James G D Ferguson (Chairman), Christopher J Fleetwood, Timothy R Levett, John Waddell, John Randolph Hustler
Morningstar allocated benchmark index:
FTSE SmallCap (ex Inv Co's)
Wind up provisions and buyback policy:
Shareholders will be given the opportunity to vote on an ordinary resolution at the Company's first AGM on or after 01-July-2015 that it should continue as a VCT; if passed, such a resolution will be proposed at five years interval thereafter. At the AGM held on 01/07/2010, the Fund renewed the authority to repurchase up to 10% of its ordinary share capital. From 25-Nov-09 the company buys back its shares in the market at a discount of 15% to the latest published NAV.
Share identifier:
ISIN: GB0031152027, TIDM (EPIC): NTN
