Murray VCTs complete merger

Close Venture Management (CVM) has completed the merger and renaming of the three Murray VCT funds, which have been managed by CVM since April 2005, see EVCJ March issue, page 12. Murray VCT, Murray VCT2 and Murray VCT3 have merged to become one quoted entity: the Crown Place VCT. The new shares in Crown Place VCT plc have been admitted to the Official List and dealings in its shares on the London Stock Exchange have commenced.

Last year former money manager and executive director of Panmure Gordon Investments, Charles Clark launched a campaign to remove the directors of the three VCTs, which was subsequently defeated by a substantial majority.