Result of Tender Offer


 
TIDMPNV5 
 
Pennine VCT 5 plc 
Result of Tender Offer 
9 March 2009 
 
Pennine AIM VCT 5 plc (the "Company") has pleasure in announcing  the 
results of the tender offer pursuant to the circular dated 28 January 
2009 (the "Circular")  under which  the Company will  purchase up  to 
1,000,000 million of its ordinary shares at a tender price equivalent 
to a 10% discount to the  latest published net asset value per  share 
(the "Tender Offer"). 
 
Applications were received to tender 3,895,491 ordinary shares by the 
deadline of 1pm on 2 March 2009.   As a result, applications will  be 
scaled back pro  rated to  the number  of shares  tendered such  that 
approximately 25.67% of those shares tendered will be acquired by the 
Company. 
 
The Company has announced that its net asset value per share  ("NAV") 
as at 28 February  2009 stood at 27.0p  per share.  The tender  price 
has therefore  been  determined at  24.30p  per share,  being  a  10% 
discount to the latest published NAV. 
 
A special resolution (the  "Special  Resolution") was  passed at  the 
Annual General Meeting of the Company held on 4 March 2009  approving 
the proposals for  the Tender  Offer and the contract  to be  entered 
into by  the  Company  and those shareholders  participating  in  the 
Tender Offer for the purpose of giving effect to the Tender Offer, as 
set out in the Circular. 
 
It is intended that the purchase  by the Company of the shares to  be 
acquired under the  Tender Offer, and  the despatch of  consideration 
to the relevant shareholders, will be completed by 20 March 2009. 
 
A copy of the Special Resolution has been submitted to the UK Listing 
Authority and  will be  available for  inspection at  the UK  Listing 
Authority's Document Viewing Facility, which is situated at: 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London E14 5HS 
 
For further information, please contact: 
 
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This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement.

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