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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gateway Vct | LSE:GTW | London | Ordinary Share | GB0009202275 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMGFV TIDMGTW RNS Number : 5919Y Guinness Flight Venture Cap Tst PLC 04 September 2009 Guinness Flight Venture Capital Trust PLC 4 September 2009 Merger Update, Change of Company Name and Board Changes This announcement is made by Guinness Flight Venture Capital Trust PLC ("the Company") in connection with the scheme of reconstruction for the merger of Gateway VCT PLC ("Gateway VCT") with the Company ("the Scheme"), details of which were contained in the Company's prospectus ("the Prospectus") and circular to shareholders ("the Circular") both dated 31 July 2009. The board of directors of the Company ("the Board") is pleased to advise that the resolution proposed at the general meeting of Gateway VCT held today was duly passed to be able to implement the Scheme and effect the merger. By way of implementation of the Scheme, the assets and liabilities of Gateway VCT have been transferred to the Company, in consideration for the issue of ordinary shares of 10 pence each in the capital of the Company ("Shares"), as set out below. The total number of Shares issued to Gateway VCT shareholders in connection with the Scheme was 10,972,864, at a deemed issue price of 40.947896556p per share. Application will shortly be made for all the 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 7 September 2009. The Board further announces that following the Scheme becoming effective: 1. David Liddell and James Stewart have stepped down as directors; 2. Charles Scott, Neil Kennedy and William Nixon (directors of Gateway VCT) have joined the Board as non-executive directors; and 3. The name of the Company has been changed from Guinness Flight Venture Capital Trust PLC to Ortus VCT PLC. For further enquiries please contact: Rosemary O'Neil of Maven Capital Partners UK LLP Company Secretary Telephone: 0141 306 7553 This information is provided by RNS The company news service from the London Stock Exchange END MERSSLFMLSUSESU
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