Maven Income & Growth VCT 4 PLC Merger Results (4828B)
03 Aprile 2013 - 2:54PM
UK Regulatory
TIDMMAV4 TIDMTTM
RNS Number : 4828B
Maven Income & Growth VCT 4 PLC
03 April 2013
Maven Income & Growth VCT 4 plc ("Company")
Merger Results
3 April 2013
This announcement is made by Maven Income & Growth VCT 4 plc
("the Company") in connection with the merger of the Company with
Ortus VCT PLC ("Ortus") to be completed by way of a scheme of
reconstruction of Ortus pursuant to Section 110 of the Insolvency
Act 1986 and the transfer by Ortus of all of its assets and
liabilities to the Company ("Scheme"), details of which were
contained in the Company's circular to shareholders ("the
Circular") and the Company's prospectus ("the Prospectus"), both
dated 1 March 2013.
The board is pleased to advise that the resolution proposed at
the general meeting of Ortus held today was duly passed to be able
to implement and effect the Scheme.
By way of implementation of the Scheme, the assets and
liabilities of Ortus have been transferred to the Company in
consideration for the issue of new ordinary shares of 10p each
("Ordinary Shares") and new C ordinary shares of 10p each ("C
Shares"), in each case in the capital of the Company as set out
below.
The total number of new Ordinary Shares issued to Ortus
shareholders in connection with the Scheme was 6,853,086 at a
deemed issue price of 94.24p per share and the total number of new
C Shares issued to Ortus shareholders in connection with the Scheme
was 3,968,876 at a deemed issue price of GBP1.00 per share.
Following implementation of the Scheme, there are now 22,078,966
Ordinary Shares and 3,968,876 C Shares in issue in the Company.
Therefore, the total number of voting rights in the Company is
26,047,842, which may be used by shareholders as the denominator
for the calculations by which they will determine if they are
required to notify their interest in, or change to their interest
in, the Company under the FSA's Disclosure and Transparency
Rules.
Application has been made for all of the new shares issued
pursuant to the Scheme to be admitted to the Official List and to
trading on the main market of the London Stock Exchange. It is
expected that admission will become effective and that trading will
commence on 4 April 2013. CREST accounts are also expected to be
credited on 4 April 2013.
An allotment in respect of applications received pursuant to the
Company's offer for subscription is expected to take place on 5
April 2013 for the 2012/2013 tax year.
For further enquiries please contact:
Maven Capital Partners UK LLP
0141 306 7400
enquiries@mavencp.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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