Investment Co. plc announced that the Board does not intend to declare any further dividend on the ordinary shares in respect of the nine month period to 30th June, 2013.

The board of Investment Co. plc proposes to amend and restate its articles of association to reflect the changes made should the conversion and re-designation be approved and to update the articles in accordance with current law and practice. Accordingly, a special resolution will be proposed at the general meeting to adopt the amended and restated articles of association. These articles of association shall be the same as the current articles save for amendments in relation to: the removal of preference share rights and addition of deferred share rights (which will arise as a result of the conversion) and fixed rate preference share rights; the removal of the prohibition on distributing capital profits by way of a dividend; the removal of current gearing limits (since the proposed investment objective and policy limits gearing to 15% of NAV at the time of borrowing); and the addition of a requirement for the directors to propose a continuation resolution at the annual general meeting in 2016 and annually thereafter.

Investment Co. plc announced unaudited consolidated earnings results for twelve months period ended 31 March 2013. For the period, the company reported total income of £922,784 against £1,363,009 a year ago. Net return before taxation was £338,986 against £258,174 a year ago. Net return after taxation was £338,986 or 15.48 pence per 50p ordinary basic and diluted share against £258,174 or 11.15 pence per 50p ordinary basic and diluted share a year ago. Net asset value per 50p ordinary share was 390.08 pence against 315.96 pence a year ago. Net cash inflow from operating activities was £481,915 against £574,285 a year ago. Negative net debt was £2,933,885 against £3,809,986 a year ago.