Conversion of C shares into ordinary shares
28 Gennaio 2009 - 5:11PM
UK Regulatory
TIDMBNS
RNS Number : 3983M
Baronsmead VCT 4 PLC
28 January 2009
Baronsmead VCT 4 plc
Announcement of the conversion of C shares into ordinary shares
The Board of Baronsmead VCT 4 plc ("the Company") announces that the
calculation date for the final conversion of the C shares into ordinary shares
of 10 pence each was close of business on 31 December 2008.
The conversion ratio calculated in accordance with the Company's Articles
of Association was 1.03723828 which results in 10,372 new ordinary shares
being allotted on 28 January 2009, for every 10,000 C shares held or pro rata
thereto.
Accordingly, the Board has issued 21,980,574 new ordinary shares which rank
pari passu with the existing ordinary shares. This brings the total number
of ordinary shares in issue to 55,259,913 of which 2,441,453 are held in
Treasury. Therefore the total number of ordinary shares with voting rights in
the Company is 52,818,460.
Details of the C share conversion and entitlements will be sent to
C shareholders on 29 January 2009. Trading in these additional shares is
expected to commence on 29 January 2009 at 8am.
Following the final C share conversion of 50p shares into 10p new
ordinary shares by 29 January 2009, the C shares will be removed from the
Official List.
For further information please contact:
Michael Probin VCT Investor Relations 020 7506 5796
Paul Forster Company Secretary 020 7506 5652
This information is provided by RNS
The company news service from the London Stock Exchange
END
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