21 August 2020
Half-Yearly Report for the six months ended 30 April 2020
Chrysalis VCT Plc Half-year Report wrote:Future Strategy
For some time, two things have been clear: the Company’s investment manager has been and remains unenthusiastic about the investment opportunities available to it under the current VCT rules; and, as previous realisation proceeds have been paid out to Shareholders in special dividends on top of the regular 5p annual dividends, the size of the company has reduced to a level that is becoming increasingly difficult to justify as an independent publicly quoted entity.
A number of options were explored by the Board. In the end, the Board has concluded that it is in the best interests of Shareholders generally to undertake an orderly wind up of the Company using the VCT winding up regulations.
(I have a holding in Chrysalis VCT)