Chrysalis VCT plc is a generalist venture capital trust. On 26 November 2020, the Company went into member's voluntary liquidation and is now working to exit from its remaining investments to return proceeds to shareholders.
In 2005, Downing Classic VCT plc, Downing Classic VCT 2 plc and i-Net VCT plc merged with Downing Classic VCT 3 plc to form Chrysalis VCT plc.
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Update 21 December 2023: The Company has issued a final update for shareholders which can be found in the “Other documents” section below. A final distribution of 0.3735p per share will be paid on 12 January 2024.
Update 1 November 2023: The Manager is continuing to pursue options seeking to achieve some realisation of value from the Company’s final investment, being the vendor loan made in respect of the Coolabi disposal. There is still no firm news as to the quantum or timing of any such realisation although we are hopeful this will be resolved shortly.
Update 17 May 2023: There is still no firm news regarding the recovery of the vendor loan made in respect of Coolabi Limited. The Manager is continuing to explore options with various parties seeking to achieve an optimal outcome for Chrysalis VCT shareholders. The Company will update shareholders as soon as there is firm news of a further distribution.
Update 30 January 2023: Further to the Shareholder Update issued in August, the repayment of the vendor loan to Chrysalis VCT in respect of the sale of Coolabi Limited, which had been expected by 31 December 2022, has been delayed. The Company will update shareholders when there is further news.
Update 17 August 2022: A further distribution of 19p per share will be paid on 2 September 2022. Further details can be found in the "Other documents" section below.
Update 20 May 2022: A distribution of 17.5p per share will be paid on 17 June 2022. Further details can be found in the "Other documents" section below.
Update 20 January 2022: The Liquidators published their first annual report which can be found in the "Other documents" section below.
Update 29 October 2021: The Company has published an update for shareholders which can be found in the "Other documents" section below.
Update 16 Aug 2021: The management of Chrysalis VCT are aware that another VCT has announced that it has received proceeds in respect of the sale of its holding in Coolabi. Please note that this is a separate transaction to that in which Chrysalis VCT is involved. Negotiations on the Chrysalis VCT transaction continue and management are hopeful that it will complete soon. Chrysalis will update shareholders when there is firm news.
