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Wright Reports > Company Profile Report > A > Acuity Vct Plc

Acuity Vct Plc - Company Profile Snapshot

Company Profile: Acuity Vct Plc
Ticker: AQT1
Exchanges: LON OTH
2008 Sales: 638,000
Major Industry: Financial
Sub Industry: Investment Companies
Country: UNITED KINGDOM
Employees:

Business Description
Acuity Vct Plc Formerly known as Electra Kingsway VCT PLC. The Company's principal activity is that of a Venture Capital Trust. The objective of the Company is to maximise tax free income to shareholders from dividends and capital distributions. The Company has been approved by the Inland Revenue as a Venture Capital Trust for the purposes of Section 842AA of the Income and Corporation Taxes Act effective from the first day on which shares were issued pursuant to the Offer as defined in the Prospectus dated 02-Oct-2001. Investment management services are provided by Electra Quoted Management Ltd for a fee calculated at 2.5% per annum of net assets (less a rebate of fees suffered in investments in funds managed by Electra Partners) payable quarterly in advance. The agreement is for an initial period of five years and thereafter until terminated by not less than one year's notice to expire at any time after the initial period.

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