Foresight 4 VCT Plc Foresight 4 Vct Plc : Gm Statement

 
TIDMFTF 
 
 
   Foresight 4 VCT plc ("Company") 
 
   GM Results 
 
   14 June 2017 
 
   The board of Foresight 4 VCT plc ("the Company") is pleased to announce 
the results of the general meeting of the Company held today in 
connection with the proposed merger of the Company with Foresight 3 VCT 
plc ("F3") and the offer for subscription launched on 19 May 2017. 
 
   The merger is proposed to be completed by way of a scheme of 
reconstruction pursuant to section 110 of the Insolvency Act 1986 
whereby F3 will be placed in members' voluntary liquidation and all of 
its assets and liabilities transferred by the appointed liquidators to 
the Company in consideration for new shares being issued by the Company 
("Scheme"), details of which were contained in the Company's circular to 
shareholders ("Circular") dated 19 May 2017. 
 
   The Company also launched an offer for subscription to raise up to GBP50 
million (with an over-allotment facility to raise up to a further GBP50 
million) on 19 May 2017 ("Offer"), details of which are contained in the 
prospectus issued by the Company's on 19 May 2017. 
 
   At the general meeting of the Company, the resolutions proposed in 
connection with the Scheme, the Offer and other matters, as set out in 
the Circular, were duly passed on a show of hands in respect of 
Resolution 1 and by way of a poll in respect of Resolution 2 as follows: 
 
 
   -- Resolution 1 - to approve the acquisition of the assets and liabilities 
      of F3 and the allotment of shares pursuant to the Scheme; and 
 
   -- Resolution 2 - a composite resolution to (i) authorise the directors to 
      allot shares; (ii) to disapply pre-emption rights; (iii) to approve the 
      Promoter's Fee Arrangement (as defined in the Circular); and (iv) 
      authorise the Company to make market purchases of shares. 
 
 
   The number of proxy votes received in relation to Resolution 1 were as 
follows: 
 
 
 
 
 
 Votes                         Resolution 1 
For                         8,630,619 (94.33%) 
Against                        201,222 (2.20%) 
Discretion of chairman         299,794 (3.28%) 
Discretion of third party       17,298 (0.19%) 
Withheld                                41,053 
 
 
   The results of the poll in relation to Resolution 2 were as follows: 
 
 
 
 
 
 Votes       Resolution 2 
For       8,748,834 (96.3%) 
Against      331,615 (3.7%) 
 
 
   A copy of the resolutions passed at the above meeting will shortly be 
available for inspection on both the Company's website 
(www.foresightgroup.eu) as well as at the National Storage Mechanism 
(www.morningstar.co.uk/uk/NSM). 
 
   For further enquiries please contact: 
 
   Gary Fraser, Foresight Group: 0203 667 8100 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight 4 VCT PLC via Globenewswire 
 
 
  http://www.foresightgroup.eu/ 
 

(END) Dow Jones Newswires

June 14, 2017 11:55 ET (15:55 GMT)

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