VEN3 Ventus Vct 3

 

TIDMVEN3 TIDMVEN2 
 
RNS Number : 8274I 
Ventus 3 VCT PLC 
18 March 2010 
 

Ventus 3 VCT plc 
 
Recommendation to merge Ventus 3 VCT plc ("Ventus 3") and Ventus 2 VCT plc 
("Ventus 2") by way of a scheme of reconstruction of  Ventus 3 pursuant to 
Section 110 of the Insolvency Act 1986 (the "Scheme") 
 
Adjournment of General meeting, 17 March 2010 
 
Summary 
 
The boards of directors of Ventus 2 and Ventus 3 have written to shareholders to 
recommend that Ventus 2 and Ventus 3 merge on the terms of a scheme of 
reconstruction set out in the prospectus dated 8 February 2010 that was issued 
by Ventus 2 (the "Prospectus"). 
 
In connection with the approval of the Scheme, a Ventus 3 shareholder meeting 
was convened at 10am on Wednesday 17 March 2010.  The chairman of the meeting 
("Chairman") announced to those present that the meeting would be adjourned and 
reconvened at noon on Thursday 15 April 2010.  The venue of the reconvened 
meeting will be the offices of Climate Change Capital Limited, 3 More London 
Riverside, London SE1 2AQ. 
 
The Chairman explained at the meeting that there were a number of the third 
party consents that were required in order to effect the transfer of Ventus 3's 
assets to Ventus 2 in connection with the Scheme.  Ventus 3 had been advised 
that it is preferable that those consents are obtained before the next step of 
the Scheme progresses and the Chairman noted that not all of the consents had 
yet been received.  As such it was deemed appropriate to adjourn the meeting and 
reconvene it at a time when the relevant consents were expected to be in place. 
 
The adjournment of the meeting by 29 days to Thursday 15 April 2010 defers the 
Expected Timetable set out in the Prospectus by 29 days. 
For further information, please contact: 
Matthew Ridley, Climate Change Capital on 020 7939 5350 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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