Thompson Clive Investments Plc - TCI- Profile

Thompson Clive Investments plc. The Company's principal activity is that of an Investment Trust Company. The Company is an Investment Company principally taking up, in the first instance, venture capital holdings in unquoted companies. The Company has been approved by the Inland Revenue as an Investment Trust for the purposes of Section 842 of the Income and Corporation Taxes Act 1988 for the year ended 31-Dec-2004.Investment management services are provided by Thompson Clive & Partners Ltd for a fee calculated at 1.25% of net assets (excluding deferred taxation and TCI's investment in Peninsula Equity Partners LP) at 31 December in the preceding year and 1.25% of such value as at 30 June in the year of payment. This fee is payable quarterly in advance. The agreement may be terminated at two years' notice. Operates as an Investment Trust Company