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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gart.Gwth Csh | LSE:GGOC | London | Ordinary Share | GB00B5N6QM39 | ORD 0.025P CSH RIGHTS |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 50.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGGOC TIDMGGOS TIDMATS Gartmore Growth Opportunities plc ("the Company") Statement re Reconstruction and Liquidation Proposals The Board refers to the circular published by the Company on 11 November 2010 in connection with the scheme of reconstruction and winding up of the Company (the "Circular"). Further to the publication of the Circular, the Company's FAV and the ATS FAV were calculated as at 5.00 pm on 7 December 2010 (the "Calculation Date") as set out in the Circular. The FAV per Share as at the Calculation Date was 509.9367p and the FAV per ATS Share was 308.6114p. In accordance with the Proposals the entitlements of Shareholders electing (or deemed to have elected) for the ATS Option will be based on the Rollover Adjusted FAV of the relevant Shares and the entitlements of Shareholders electing (or deemed to have elected) for the Cash Option will be based on the Cash Adjusted FAV of the relevant Shares. As at the Calculation Date the Rollover Adjusted FAV per Share for which an Election for the ATS Option has been (or is deemed to have been) made was 502.2877 pence and the Cash Adjusted FAV per Share for which an Election for the Cash Option has been (or is deemed to have been) made was 484.4399 pence. Accordingly, under the terms of the Proposals and conditional upon the passing of the resolution at the Second General Meeting to be held on 10 December 2010, Shareholders shall receive 1.6275 ATS Shares for every existing Share held for which an election was made or deemed to be made for the ATS Option. For every 100 Shares, with an aggregate Rollover Adjusted FAV of GBP502.2877, in respect of which a Shareholder elected (or was deemed to have elected) for ATS Shares under the ATS Option, that Shareholder will receive 162 ATS Shares. The Shareholder will also receive 23 ATS Subscription Shares under the Bonus Issue. Based on the above, for every 100 Shares in respect of which a Shareholder elected (or was deemed to have elected) for cash under the Cash Option, that Shareholder will receive GBP484.43. For the avoidance of doubt fractions of ATS Shares and ATS Subscription Shares which would otherwise arise will not be issued to Shareholders, with fractional entitlements being rounded down to the nearest whole number of ATS Shares / ATS Subscription Shares. There was no scaling back of elections made by Shareholders for the Cash Option. Terms defined in the Circular shall have the same meanings in this announcement unless the context requires otherwise. Gartmore Investment Limited 09 December 2010. . Contact Details Dion Di Miceli Tel: 020 7397 1921 Cenkos Securities END
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