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Aberdeen VCT to issue C-shares

Aberdeen Growth Opportunities VCT could be set to issue a £15m C-share issue in early 2006 following shareholder approval at an EGM.

Directors of the VCT are currently considering the idea, and it comes four years after the vehicle was launched on AIM in 2001, raising £30m.

The fund is managed by Bill Nixon and Judith MacKenzie, and it is hoped that by issuing the C-shares, the total expense ratio of the company will be reduced.

The fund takes a generalist approach, investing in both private and AIM companies.