HYGEA VCT PLC ("the Company")
30 July 2007
Extraordinary General Meeting ("EGM")
The Company is pleased to announce that at today's EGM all resolutions were passed. The resolutions related to the appointment of the Board as the Company's new investment manager, new performance incentive fee arrangements in respect of the new investment manager and changes to the existing investment manager's role.
These resolutions will enable the Board to reduce the cost base further and allow it to support directly portfolio companies in their growth and development.
For further information please contact:
Hygea VCT plc 020 7710 2804
Chris Hulatt
Brewin Dolphin Securities 0845 270 8612
Neil Baldwin
ENDS