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Unicorn launches new VCT share issue

Unicorn AIM Venture Capital Trust has launched a new series of shares. The company has issued up to £20m of new shares which will qualify for tax relief.

The original Unicorn AIM VCT Fund raised £35m in the 2001/2 tax year. Since its launch date in October 2001 to end December 2003 it has provided investors with a net asset value total return of 18.5 per cent based on an offer price of 100p.

Unicorn chief executive Peter Webb says: “The increase in corporate activity during 2003 has brought more companies to the AIM market &#45 127 new companies obtained a listing on AIM in 2003, raising over £764 million of new money. This growth confirms our view that AIM is increasingly viewed as the market of choice
among aspiring new enterprises and existing companies seeking growth capital.

With a wealth of experience in backing and supporting small companies, I believe that Unicorn is uniquely positioned to benefit from this trend.”

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