Acuity VCT 2 PLC
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65 Kingsway
London, WC2B 6QT
United Kingdom |
| Tel: |
44/207 831-6464 |
| URL: |
NA |
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| Formerly known as: |
| Electra Kingsway VCT 2 plc |
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| Primary Symbol & Exchange: |
| AQT2 - Ordinary Shares - London |
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| Industry: |
| Business Services |
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Thomson Financial Business Description:
| The Company's principal activity is that of Venture Capital Trust. The objective of the Company is to maximise tax free income to shareholders from dividends and capital distributions. The Company is an Investment Company within the meaning of Section 266 of the Companies Act 1985. The Company has been approved by the HM Revenue and Customs as a Venture Capital Trust for the purposes of Section 842AA ICTA. Investment management services are provided by Electra Quoted Management Ltd for an annual fee of 1.5% for the period ended 30-Jun-2005, 2.0% for the year ended 30-Jun-2006 and 2.5% for the year ended 30-Jun-2007 and thereafter. The fee is payable quarterly in arrears as a percentage of net assets (less a rebate of fees suffered in investments in funds managed by Electra Partners). The agreement is terminable by not less than one year's notice. |
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