Finely crafted investments

Last Published NAV, 101.95 p as at 15/03/2018
Share price (bid), 91.50 p (delayed)

Funds Raised as at 23/Mar/2018

Amati VCT Amati VCT 2 Total
£6,187,728 £7,565,130 £13,752,858

Remaining Capacity as at 23/Mar/2018

Amati VCT Amati VCT 2 Total
£3,812,272 £2,434,870 £6,247,142

Joint Prospectus Offers


Covering Letter Shareholder Circular

Proxy Form (Blue) Proxy Form (Green) Proxy Form (Yellow)


Amati VCT KID Amati VCT 2 KID

Estimated Timetable

2017/2018 offers open 30 October 2017.

2017/2018 offers close 12 noon on 4 April 2018.

2018/2019 offers open 8am on 6 April 2018.

2018/2019 offers close 12 noon on 31 August 2018.

The Boards of Amati VCT plc and Amati VCT 2 plc have agreed proposals for a merger between the Companies and have published a joint Supplementary Prospectus and a joint Circular. If the proposals are implemented, Amati VCT and Amati VCT 2 will each continue to allot shares under the Offers for the remainder of the 2017/18 tax year and, thereafter, Amati VCT 2 only will allot shares under the Offers in the 2018/19 tax year, pursuant to subscriptions received from applicants.

Therefore, any application for Amati VCT plc received or processed later than 5 April 2018 will be deemed to have been an application for Amati VCT 2 plc.

You must tick the relevant box in the Subscription Form to confirm your agreement, otherwise your application will not be processed and any funds remitted will be returned to you as per these Terms and Conditions of Subscription.

In the Autumn Budget on 22 November 2017 it was confirmed that legislation would be introduced to limit the scope of section 264A of the Income Tax Act 2007 in the context of a merger or a reconstruction. Without this amending legislation, which is expected to receive Royal Assent before the end of this tax year, shareholders who had sold shares in one of the Companies any time after 6 April 2014 and bought shares in the other within a six month period could have had their tax relief withdrawn in the event of a merger of the Companies, on the basis that this would be regarded retrospectively as a Linked Sale.

Shareholders should note, however, that they should not subscribe for new shares in the Offers if they have sold shares in either of the Amati VCTs in the preceding 6 months. Further, shareholders should not subscribe for either of the Amati VCTs prior to the merger proceeding where they have sold shares in the same VCT in the preceding six months or subsequently sell in the following six months. Such sales would still be regarded as Linked Sales, on the grounds that the shareholder had known of the intention of the Amati VCTs to merge in advance of their subscription.

Listing and dealings commence within 10 business days of allotment.

Share certificates issued within 10 business days of allotment.

The Share Issues will close earlier than indicated in respect of each tax year if the maximum subscriptions are received. Amati cannot guarantee a specific allotment date during the relevant tax year and applications which cannot be satisfied at one allotment date will be held for processing until a later allotment date in the same tax year that is expected to have capacity. This however is no guarantee that your application will be satisfied in full or in part during the course of the Share Issues. The Share Issues may also be extended at Amati's absolute discretion.

Dividend Reinvestment scheme ("DRIS")

For information about the Dividend Reinvestment scheme, please refer to the relevant documents for each VCT:
Amati VCT
Amati VCT 2


Amati Global Investors Ltd currently conducts its affairs so that the shares issued by both Amati VCT and Amati VCT 2 plcs can be recommended by IFAs to ordinary retail investors in accordance with the FCA's rules in relation to non-mainstream investment products and intends to continue to do so for the foreseeable future. The shares are excluded from the FCA's restrictions which apply to non-mainstream investment products because they are shares in a VCT to which the FCA has granted its approval for them to be promoted without restriction.