Oxford Tech 4 VCT Result Of Meeting
20 Giugno 2022 - 4:48PM
UK Regulatory
TIDMOXF
The Board of Oxford Technology 4 VCT Plc (OT4) is pleased to
announce that the resolution to approve the OT4 Scheme proposed at
the First General Meeting held today, 20 June 2022, was duly passed
on a show of hands.
The Board of OT4 notes that the shareholders of each of Oxford
Technology VCT Plc (OT1) and Oxford Technology 3 VCT Plc (OT3) have
also approved the resolutions to enable the merger of their
companies with OT2, and shareholders of OT2 have now passed all the
resolutions to enable the issue of Consideration Shares and Leisure
Shares, as set out in the Circular dated 18 May 2022. Provided
shareholders of OT4 also approve the placing of OT4 into Members
Voluntary Liquidation at the Second General Meeting on 30 June
2022, it is expected that the Merger of OT4 and OT2 will complete
on the same day, at which time the assets and liabilities of OT4
will be transferred to OT2 in exchange for New OT4 Consideration
Shares. Provided the OT1 and OT3 shareholders also approve the
placing of their companies into Members Voluntary Liquidation at
the Second General Meetings of their companies on 30 June 2022, it
Is expected that the full Merger will complete on the same day.
Admission of and dealings in Consideration Shares is expected to be
1 July 2022 when OT2 will have four separate share classes, the
Ordinary Shares representing the pool of assets linked to the
existing OT2 share pool, and 3 new share pools incorporating the
assets and liabilities transferred from OT1, OT3 and OT4. A further
announcement will be made at that time.
Proxy votes were received in respect of 4,255,513 Ordinary
Shares, representing 37.0% of the issued share capital as at 16
June 2022.
The following table shows the proxy votes cast for the
resolution:
%age of
Issued
For Against share capital Abstain
Votes % Votes % voted
----- ---- -------------- -------
SPECIAL RESOLUTION
1 To approve the OT4
Scheme 4,180,372 98.2% 75,141 1.8% 37.0% 0
----- ---- -------------- -------
The full text of the resolutions passed at the General Meeting
can be found in the OT4 Circular which is available on the
Company's website at
https://www.globenewswire.com/Tracker?data=hrX-7g2B431iBbuY6qBD1E-NVf-u5yc6iM7nsJu3fO6aV4zsceqrqKWlePKvJk_AAsCO7rtNPtOdRG1oq-B21VxkMvBUiGQb6NB7h8uFo2OCATEGLFwcB_4KMUJe1fGW
https://www.oxfordtechnologyvct.com/
1. A withheld vote is not a vote in law and, accordingly, is not
counted in the calculation of the proportion of votes "For" and
"Against" the resolution concerned.
2. Any proxy appointments which gave discretion to the Chairman
have been included in the vote "For" total.
3. The number of shares in issue at close of business on 16 June
2022 was 11,516,946 ordinary shares, carrying one vote each, and
the proportion of "ISC voted" has been calculated on the basis of
this current issued share capital. For completeness, this does not
take account of the recent buyback made by the Company on 14 June
2022 as these shares are yet to settle in CREST. Once settled on 28
June 2022, the issued share capital will be 10,831,748.
1. A withheld vote is not a vote in law and, accordingly, is not
counted in the calculation of the proportion of votes "For" and
"Against" the resolution concerned.
2. Any proxy appointments which gave discretion to the Chairman
have been included in the vote "For" total.
A copy of the resolution passed at the General Meeting will be
submitted to the National Storage Mechanism in accordance with
Listing Rules 9.6.2R and 9.6.3R, and will be available in due
course for inspection at
https://www.globenewswire.com/Tracker?data=hrX-7g2B431iBbuY6qBD1FHuAkPhHVwCbMUPrE2O5vuwyLxP-S85nNyM6zGpoJe5r9k-WrnM5FdSVqK5I2_lL9m_ok2vxaw_aemS9tYkA0mMy_BbEJq1tEKoJdI6C-O2ZUYIPcZL-hhqL5UgiDhxAu3Jq8BvazZjeSXP6hx8NN6Ylz-IwbDjEcCQ0vobeSlp
https://data.fca.org.uk/#/nsm/nationalstoragemechanism.
This announcement contains inside information as stipulated
under the UK version of the Market Abuse Regulation No 596/2014
which is part of English Law by virtue of the European (Withdrawal)
Act 2018, as amended. Upon the publication of this announcement via
a Regulatory Information Service, this information is now
considered to be in the public domain.
Enquiries: Lucius Cary Oxford Technology Management 01865
784466
LEI: 213800O9M2EQZD452H80
(END) Dow Jones Newswires
June 20, 2022 10:48 ET (14:48 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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