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IE1H Ingenious 1 H

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0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Ingenious 1 H LSE:IE1H London Ordinary Share GB00B956JT75 H SHS 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Ingenious Ent VCT 1 Circ re.reduction of capital

11/11/2016 2:15pm

UK Regulatory


Ingenious 1 H (LSE:IE1H)
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From Mar 2019 to Mar 2024

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TIDMIE1H 
 
 

11 November 2016

 

Ingenious Entertainment VCT 1 plcIngenious Entertainment VCT 2 plc

 

Publication of a Circular

 

Ingenious Entertainment VCT 1 plc and Ingenious Entertainment VCT 2 plc (the "Companies") were launched in November 2007 through an offer for subscription for ordinary shares of 1p each in each of the Companies. In 2009 the Companies made an offer for subscription for D ordinary shares of 1p each in each of the Companies (the "D Shares") and in 2010 they made further offers for subscription for E ordinary shares of 1p each and F ordinary shares of 1p each in each of the Companies (the "E Shares" and the "F Shares" respectively). It was always anticipated that the Companies would seek to return funds to the subscribers for D Shares, E Shares and F Shares as soon as possible after the respective five year holding period for each share class stipulated in VCT regulations had ended. The fifth anniversary of the close of all of those offers has now passed and each of the Companies' boards have agreed formal proposals to return the residual capital paid up on the D Shares, the E Shares and the F Shares to the holders of those shares and to cancel and extinguish those shares by means of a Court approved reduction of capital.

 

The Companies have issued a joint circular (the "Circular") setting out these proposals in full and giving notice of general and class meetings (the "Meetings") at which the resolutions to enable these proposals are to be considered by their respective shareholders. The Meetings are to be held on 8December 2016.

 

If all the resolutions are passed at the Meetings, Court hearings will then take place, following which the cancellation and extinguishment of the D Shares, the E Shares and the F Shares will be effected. Following the cancellation and extinguishment of those shares, they will be subsequently removed from the Official List of the UKLA and from trading on the London Stock Exchange, which is expected to take place on or around 23 January 2017.

 
Expected Timetable 
Publication of Notice of Meetings      11 November 2016 
Latest date for receipt                6 December 2016 
of Form of Proxy for 
Ingenious Entertainment 
VCT 1 plc Meetings 
Latest date for receipt                6 December 2016 
of Form of Proxy for 
Ingenious Entertainment 
VCT 2 plc Meetings 
Meetings of Ingenious Entertainment    8 December 2016 
VCT 1 plc 
Meetings of Ingenious Entertainment    8 December 2016 
VCT 2 plc 
Register of members in relation        5.30 pm on 17 January 2017 
to the D Shares, 
E Shares and F  Shares 
of each Company closes 
Expected date of removal of the        23 January 2017 
listing of the D Shares, 
E Shares  and F Shares 
from the Official List 
 
 

A copy of the Circular has been submitted to the National Storage Mechanism and will shortly be available for inspection at the following web-site address:

 

http://www.morningstar.co.uk/uk/NSM.

 

Enquiries to:

 

Sarah CruickshankCompany Secretary

 

Ingenious Entertainment VCT 1 plcIngenious Entertainment VCT 2 plc

 

15 Golden SquareLondonW1F 9JGTel: 020 7319 4000

 

Theo CrutcherPowerscourt GroupTel: 020 7250 1446ingenious@powerscourt-group.com

 
 
 

View source version on businesswire.com: http://www.businesswire.com/news/home/20161111005356/en/

 
This information is provided by Business Wire 
 
 

(END) Dow Jones Newswires

November 11, 2016 09:15 ET (14:15 GMT)

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