Puma VCT VII plc Dividend Declaration
Puma VCT VII plc (the "Company")
8 February 2012
Declaration of interim dividend of 5p per Ordinary Share
The Board is pleased to announce that on 15 December 2011 the Companies Court granted an order to cancel the Company's share premium account and convert the account into distributable reserves.
The Company's prospectus dated 3 December 2010 (the "Prospectus") stated:
"There will be a particular emphasis on making income-yielding investments (both Qualifying Investments and Non-Qualifying Investments which will allow the payment of annual dividends). The Company expects to be in a position to make such annual payments from income received from its investments, failing which it will utilise its available distributable reserves to assist in paying a consistent level of dividends. This is to facilitate the Company's aim of paying out dividends of up to 5p per annum, a key feature of the Fund."
The Board is pleased to announce that it has approved a dividend of 5p per Ordinary Share. This dividend is an interim dividend, but as it fulfils the aim set out in the Prospectus it is expected to be the only dividend in respect of the year ended 31 December 2011.
The ex-dividend date will be the 15 February 2012 and the record date 17 February 2012. The dividend will be paid to shareholders on 5 March 2012.
Enquiries
Graham Shore
Shore Capital
0207 408 4090
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Source: PUMA VCT VII PLC via Thomson Reuters ONE
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