TIDMIBSA

RNS Number : 5761G

IBIS Media VCT 1 plc

29 June 2012

IBIS Media VCT 1 plc

Top Up Offer for Subscription

Issue of Equity

On 28 February 2012, the Company published an Offer Document in respect of (i) a share realisation and reinvestment programme for existing shareholders only (the "SRRP") by way of an offer to subscribe up to 2,780,312 substitution shares which may be financed by the sale back to the Company of 100 existing shares for every 97 substitution shares and (ii) an offer to existing shareholders and members of the public to subscribe up to 955,453 new shares, representing approximately 10% of the Company's issued share capital (the "Top Up Offer").

The board of directors of the Company is pleased to announce that on 29 June 2012, in accordance with the terms of the Top Up Offer, as set out in the Offer Document a total of 584,108 ordinary shares were allotted at a price of 65.99p per ordinary share.

Following the allotment described above, the issued share capital of the Company is 10,500,874 ordinary shares.

Application is now being made for the admission of the 584,108 ordinary shares to the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange plc's main market for listed securities, which is expected to take place at the earliest practical opportunity.

Extension of Offer

The Board of IBIS Media VCT 1 plc is pleased to announce that the closing time and date for the Share Realisation and Reinvestment Programme shall be extended to 3.00pm on 31 October 2012 from the previous time and date of 3.00pm on 30 June 2012.

The closing time and date for the Top Up Offer for Subscription shall be extended to 3.00pm on 31 July 2012 from the previous time and date of 3.00pm on 30 June 2012.

For further information please contact:

Robin Smeaton, The City Partnership (UK) Limited, Company Secretary: 0131 243 7210.

This information is provided by RNS

The company news service from the London Stock Exchange

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