Wednesday, 18 July 2007

RCM Technology

Just to point you to the Stock Exchange announcement today re: the issue of Subscription Shares at RCM Technology Trust plc. Assuming shareholders agree at the EGM in Aug, shareholders get one free subscription share for every five held. The Subscription price will be set at a 10% premium to the Nett Asset Value on 14th Aug. Conversion once a year from 2008 to 2012.
The fund has made good progress since the new managers were appointed on 1st May 07.
Note - I was appointed as an Non Exec Director of RCM Technology Trust plc. in early 2007.

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