Change of VCT Investment Manager from 1 May 2025
Amati AIM VCT plc
Message from Dr Paul Jourdan
“It is with regret and sadness that I have to report that Amati will no longer be the manager of Amati AIM VCT (“the VCT”) from the end of April, having agreed with the Board of the VCT to an early termination of Amati’s management contract. As a result, from 1st May, the VCT will be managed by Maven Capital Partners and the name will change in due course, as announced by the VCT’s Board on 16th April. At the same time, the Board announced a further special dividend of 10p per share which will be paid to shareholders on the register on 2nd May, returning cash to shareholders which came in from the recent takeovers of Learning Technologies, Intelligent Ultrasound and Equals.
From May onwards we will change the VCT’s section of our website to redirect to the pages that Maven will create for it. Details of the forthcoming AGM and a vote on a widening of the investment policy will be sent to shareholders separately by the VCT Board.
Speaking personally, it is just over 20 years since I was involved in starting an AIM VCT at First State Investments, and I know some of our current shareholders first invested in the VCT all the way back then. I am profoundly grateful for the trust that you, our investors, have put in Amati to manage the VCT over the years. I will greatly miss being involved in helping the companies in the VCT’s portfolio to achieve their growth ambitions and hope that some will mature to the point when we can consider them for Amati’s UK Listed Smaller Companies Fund in the not too distant future.“
Future Communications
If you would like to continue to receive communications from us about funds managed by Amati and other matters of interest to our investors, please email info@amatiglobal.com and we’ll ensure you continue to receive correspondence from us.
Please find the various announcements by the VCT Board relating to the Strategic Review and the appointment of Maven Capital Partners for reference:
14 March 2024 Strategic Review
9 May 2024 Strategic Review and Special Dividend
3 September 2024 Update on Strategic Review
2 December 2024 Conclusion of Strategic Review & Change of Manager
16 April 2025 Update on Change of Investment Manager
