CR2 Core Vct Ii

 

TIDMCR. TIDMCR2 TIDMCR3 
 
RNS Number : 8306V 
Core VCT I PLC 
16 July 2009 
 

Core VCT I plc 
 
 
EGM Results and Merger Update 
 
 
16 July 2009 
 
 
This announcement is made by Core VCT I plc ("the Company") in connection with 
its scheme of reconstruction and the scheme of reconstruction of Core VCT II plc 
("VCT II") for the merger of the Company and VCT II with Core VCT III plc ("the 
Schemes" and each a "Scheme"), details of which were contained in the Company's 
circular to shareholders dated 12 June 2009 ("the Circular"). 
 
 
The board of directors of the Company ("the Board") is pleased to announce that 
resolutions proposed at the extraordinary general meetings of the Company and 
VCT II held today were duly passed. A copy of the resolution passed at the 
extraordinary general meeting of the Company will be submitted to the UK Listing 
Authority and will shortly be available for inspection at the UK Listing 
Authority's Document Viewing Facility, whose address is as set out at the bottom 
of this announcement. 
 
 
Accordingly, by way of implementation of the Schemes, the Company and VCT II 
have been placed into members' voluntary liquidations and their assets and 
liabilities transferred to VCT III in consideration for the issue of ordinary 
shares of 0.01p each ("VCT III Ordinary Shares") and B ordinary shares of 0.01p 
each ("VCT III B Shares") in the capital of VCT III ("VCT III Shares"). 
 
 
A total of 10,183,672 VCT III Ordinary Shares (on a merger ratio of 0.9313110) 
and 6,789,114 VCT III B Shares have been issued to the Company's shareholders. 
In addition, 16,606,883 VCT III Ordinary Shares (on a merger ratio of 1.0066468) 
and 11,071,255 VCT III B Shares have been issued to VCT II's shareholders. Such 
shares have been issued at a deemed issue price of 86p per VCT III Ordinary 
Shares and 0.01p per VCT III B Shares. 
 
 
Application will shortly be made for all the VCT III Shares issued 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 17 July 2009. 
 
 
As part of the Company Scheme, the suspension of the listing of the Company's 
shares took place at 7.30am today and the cancellation of the Company's shares 
will take place from the commencement of trading tomorrow, 17 July 2009. 
 
 
The UK Listing Authority's Document Viewing Facility, is situated at: 
 
 
Financial Services Authority 
25 The North Colonnade 
Canary Wharf 
London 
E14 5HS 
Telephone: 020 7066 1000 
 
 
For further enquiries please contact: 
 
 
David Russell of Maven Capital Partners UK LLP 
Company Secretary 
 
 
Telephone: 0141 306 7555 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCMGGMNVVRGLZM 
 

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