Calculus VCT

• 30% income tax relief *
• Capital gains on VCT shares are tax-free
• Tax-free dividends **

* Shares have to be held for at least 5 years to benefit from Income Tax relief.
** It should be noted that there is no guarantee of dividend levels nor preservation of capital value.

The Calculus VCT seeks to make investments in VCT qualifying companies with the following characteristics:

• Established businesses
• Capable and experienced management teams
• Diverse range of sectors

Investors should only subscribe on the basis of information contained in the prospectus, including the risk warnings, and should note that invested capital is at risk. Tax incentives are subject to change and their value depends on investors’ individual circumstances.

• The value of, and income derived from, VCT Shares may fluctuate
• Investors may not get back the full or any amount originally invested
• The market price of the VCT Shares may not fully reflect, and will tend to be at a discount to, their underlying net asset value
• VCT qualification requirements may not be met or maintained
• Past performance is not necessarily an indicator of future performance
• Investors disposing of VCT Shares within five year of subscription are likely to be subject to claw-back of any income tax reliefs originally obtained
• Investment in smaller unquoted companies can be difficult and may take considerable time

Result of AGM – 3 July 2020

Result of AGM – 3 July 2018

Results of AGM – 26 July 2016
Result of AGM – 17 July 2012
Result of AGM – 30 June 2011

Net Asset Value – 31 May 2020

Net Asset Value – 31 March 2020
Net Asset Value – 30 November 2019
Net Asset Value – 31 July 2019
Net Asset Value – 31 May 2019
Net Asset Value – 31 January 2019
Net Asset Value – 31 December 2018
Net Asset Value – 30 November 2018
Net Asset Value – 30 June 2018
Net Asset Value – 31 May 2018
Net Asset Value – 30 November 2017
Net Asset Value – 31 May 2017
Net Asset Value – 28 February 2017
Net Asset Value – 20 December 2016
Net Asset Value – 31 May 2016
Net Asset Value – 15 January 2016
Net Asset Value -18 December 2015
Net Asset Value – 30th June 2012
Net Asset Value – 29th February 2012
Net Asset Value – 31 January 2012
Net Asset Value – 30 November 2011
Net Asset Value – 31 October 2011
Net Asset Value – 30 September 2011
Net Asset Value – 31 August 2011
Net Asset Value – 31 July 2011
Net Asset Value – 30 June 2011
Net Asset Value – 31 May 2011
Net Asset Value – 28 February 2011
Net Asset Value – 31 January 2011
Net Asset Value – 10 January 2011
Net Asset Value(s) – 16 December 2010

Annual Report and Accounts – 29 February 2020

Annual Report and Accounts – 28 February 2019
Annual Report and Accounts – 28 February 2018
Annual Report and Accounts – 28 February 2017
Annual Report and Accounts – 29 February 2016
Annual Report and Accounts – 28 February 2015
Annual Report and Accounts – 28 February 2014
Annual Report and Accounts – 28 February 2013
Annual Report and Accounts – 1st June 2012

Half Yearly Report – 31 August 2020

Half Yearly Report – 31 August 2019

Half Yearly Report – 31 August 2018

Half Yearly Report – 31 August 2017

Half Yearly Report – 31 August 2016

Half Yearly Report – 23 October 2015

Half Yearly Report – 31 August 2013 

Half-Yearly Report – 31 August 2012

Half-Yearly Report – 31 August 2011

Half Yearly Report – 31st August 2010

Publication of Prospectus – 8 September 2020

Issue of Equity – 3 September 2020

Issue of Equity – 31 July 2020

Director Change – 3 July 2020

Transaction in own securities – 18 June 2020

New Directorship – 21 May 2020

Issue of Equity – 3 April 2020
Issue of Equity – 11 December 2019
Publication of Prospectus – 24 September 2019
Issue of Equity – 6 September 2019
Transaction in own securities – 31 July 2019
Issue of Equity – 26 June 2019
Calculus VCT Statutory Account press release – 9 May 2019
Issue of Equity – 5 April 2019
Issue of Equity – 28 February 2019
Change in Calculus VCT Board – 4 February 2019
Issue of Equity – 23 January 2019
Director Change – 13 December 2018
Transaction in own securities – 6 November 2018
Transaction in own securities – 22 August 2018
KCB directorship – 22 August 2018
Issue of equity – 2 August 2018
Issue of equity – 5 April 2018
Issue of equity – 4 April 2018
Transaction in own securities – 11 January 2018
Transaction in own securities – 9 January 2018
Transaction in own securities – 3 January 2018
Result of Merger and Allotment announcement – 12 September 2017
Change of Registrar – 8 May 2017
Issue of Equity – 7 April 2017
Issue of Equity – Amendment – 5 April 2017
Result of Equity Issue – 9 February 2017
Result of Equity Issue – Offer Closed – 2 February 2017
Issue of Equity – 31 January 2017
Dividend Declaration C share – 26 January 2017
Calculus VCT Circular – 25 November 2016
Calculus VCT Prospectus – 25 November 2016
Calculus VCT Offer for Subscription – 25 November 2016
Issue of equity – 24 October 2016
Issue of equity – 24 October 2016
New Offer for Subscription – 28 September 2016
Issue of equity – 3 May 2016
Extension of D Share Offer Calculus VCT – 27 April 2016
Issue of Equity – 4 April 2016
Issue of Equity – 8 March 2016
Member State Announcement 26 February 2016
Change of Registered Address – 21 January 2016
Result of General and Class Meetings – 24 November 2015
Calculus VCT plc Offer for Subscription – 26 October 2015
Notification of Name Change Investec Structured Products Calculus VCT plc – 23 October 2015
Dividend declaration – 4 November 2014
Annual Financial Results announcement – 22 May 2014
Interim Management Statement – 15 January 2014
Interim Management Statement – 17th January 2013
Interim Management Statement – 17 July 2012

Audit Committee Terms of Reference

Corporate Governance Statement 2019

VCT Privacy Policy

Dealing Code – October 2016

Procedure for dealing with inside information – October 2016

Dealing Procedures Manual – October 2016