Circ re.Reduction of Capital

LONDON--()--

11 November 2016

Ingenious Entertainment VCT 1 plc
Ingenious Entertainment VCT 2 plc

Publication of a Circular

Ingenious Entertainment VCT 1 plc and Ingenious Entertainment VCT 2 plc (the “Companies”) were launched in November 2007 through an offer for subscription for ordinary shares of 1p each in each of the Companies. In 2009 the Companies made an offer for subscription for D ordinary shares of 1p each in each of the Companies (the “D Shares”) and in 2010 they made further offers for subscription for E ordinary shares of 1p each and F ordinary shares of 1p each in each of the Companies (the “E Shares” and the “F Shares” respectively). It was always anticipated that the Companies would seek to return funds to the subscribers for D Shares, E Shares and F Shares as soon as possible after the respective five year holding period for each share class stipulated in VCT regulations had ended. The fifth anniversary of the close of all of those offers has now passed and each of the Companies’ boards have agreed formal proposals to return the residual capital paid up on the D Shares, the E Shares and the F Shares to the holders of those shares and to cancel and extinguish those shares by means of a Court approved reduction of capital.

The Companies have issued a joint circular (the “Circular”) setting out these proposals in full and giving notice of general and class meetings (the “Meetings”) at which the resolutions to enable these proposals are to be considered by their respective shareholders. The Meetings are to be held on 8 December 2016.

If all the resolutions are passed at the Meetings, Court hearings will then take place, following which the cancellation and extinguishment of the D Shares, the E Shares and the F Shares will be effected. Following the cancellation and extinguishment of those shares, they will be subsequently removed from the Official List of the UKLA and from trading on the London Stock Exchange, which is expected to take place on or around 23 January 2017.

Expected Timetable  
Publication of Notice of Meetings 11 November 2016
Latest date for receipt of Form of Proxy for Ingenious Entertainment VCT 1 plc Meetings 6 December 2016
Latest date for receipt of Form of Proxy for Ingenious Entertainment VCT 2 plc Meetings 6 December 2016
Meetings of Ingenious Entertainment VCT 1 plc 8 December 2016
Meetings of Ingenious Entertainment VCT 2 plc 8 December 2016
Register of members in relation to the D Shares, E Shares and F Shares of each Company closes 5.30 pm on 17 January 2017
Expected date of removal of the listing of the D Shares, E Shares and F Shares from the Official List 23 January 2017

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at the following web-site address:

http://www.morningstar.co.uk/uk/NSM.

Enquiries to:

Sarah Cruickshank

Company Secretary

Ingenious Entertainment VCT 1 plc

Ingenious Entertainment VCT 2 plc

15 Golden Square

London

W1F 9JG

Tel: 020 7319 4000

Theo Crutcher

Powerscourt Group

Tel: 020 7250 1446

ingenious@powerscourt-group.com

Short Name: Ingenious Ent VCT 1
Category Code: CIR
Sequence Number: 562587
Time of Receipt (offset from UTC): 20161111T134345+0000

Contacts

Ingenious Entertainment VCT 1 plc

Contacts

Ingenious Entertainment VCT 1 plc