TIDMAIT

RNS Number : 6878P

Active Capital Trust PLC

26 October 2012

Active Capital Trust PLC (the "Company")

Publication of winding-up circular

26 October 2012

The Company has today published a circular (the "Circular") setting out details of the proposed members' voluntary liquidation of the Company.

In August 2009, Shareholders voted to convert the Company into a realisation fund. Since this time, the Company's portfolio of assets has been managed with the objective of realising investments and returning cash to Shareholders. The Investment Manager has been working to an agreed strategy of maximising the value of the portfolio by seeking to achieve identified targets for each holding rather than short term realisations that could have resulted in unacceptable discounts to prevailing valuations.

The portfolio is now in the final stages of realisation, with over 99 per cent. of the value of the Company's investments made up of five holdings. Therefore, the Board, having consulted with the Company's largest Shareholders and with its manager, Bluehone, is of the view that the most cost effective way to realise the Company's remaining assets whilst maximising their value for the benefit of Shareholders is to proceed with a formal liquidation. Accordingly, the Board is proposing that, following the approval by Shareholders, the Company will be placed into members' voluntary liquidation and the surplus assets of the Company, after realisation of all the remaining investments and settlement of all liabilities, will be distributed to Shareholders in accordance with their respective entitlements under the Articles.

Further details of the Proposals, including a full timetable, are included in the Circular to Shareholders which incorporates a notice convening a General Meeting of the Company to be held at the offices of F&C Asset Management plc, Exchange House, Primrose Street, London EC2A 2NY on Wednesday, 21 November 2012 at 11.45 a.m. (or if later, immediately following the close of the Company's Annual General Meeting).

Copies of the Circular will be posted to Shareholders. Copies of the Circular will also be available, for inspection only, at the National Storage Mechanism which is located at www.hemscott.com/nsm.do.

Words and expressions used in this announcement shall have the same meanings as set out in the Circular unless the context otherwise requires.

Enquiries

Bill Brown, Investment Manager Bluehone Investors LLP 020 3206 7335

Derek Osborne, Company Secretary F&C Asset Management plc 020 7628 8000

This information is provided by RNS

The company news service from the London Stock Exchange

END

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