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OVC2 Octopus Vct 2

99.50
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Octopus Vct 2 LSE:OVC2 London Ordinary Share GB00B3SD2L64 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 99.50 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Octopus Apollo VCT Octopus Apollo Vct Plc : Merger Update - Approval Of Scheme

27/01/2016 10:04am

UK Regulatory


 
TIDMOAP3 TIDMOVC2 
 
   Octopus Apollo VCT plc ("Apollo") 
 
   Octopus VCT 2 plc ("OVCT 2") 
 
   (together the "Companies") 
 
   27 January 2016 
 
   Merger Update: Approval of Scheme 
 
   This announcement is made by the Companies in connection with the scheme 
of reconstruction of OVCT 2 (the "Scheme"), details of which were 
contained in the prospectus and circulars issued by the Companies on 2 
November 2015. 
 
   The boards of directors of the Companies are pleased to report that the 
resolution proposed at the second general meeting of OVCT 2 held today 
(the "Second General Meeting") was duly passed and that the Scheme has 
become unconditional. 
 
   In implementing the Scheme, the assets and liabilities of OVCT 2 have 
been transferred to Apollo, in consideration for the issue of a total of 
19,082,726 D ordinary shares of 1p each in the capital of Apollo to the 
former shareholders of OVCT 2 ("Scheme Shares") at a deemed issue price 
of 100p per Scheme Share. 
 
   Following the issue of the Scheme Shares, the total number of Apollo's 
issued ordinary shares of 10p each is 135,086,618 and the total number 
of Apollo's issued D ordinary shares of 1p each is 19,082,726. 
 
   Following the implementation of the Scheme, OVCT 2 has been placed in 
members' voluntary liquidation. 
 
   Application has been made to the London Stock Exchange for the Scheme 
Shares to be admitted to trading on its main market for listed 
securities and it is expected that the Scheme Shares will be admitted to 
the Official List and that trading will become effective on 28 January 
2016. 
 
   OVCT 2 also announces that further to the resolution passed at the 
Second General Meeting, the listing of its ordinary shares of 1p each on 
the Official List of the UK Listing Authority will be cancelled with 
effect from 8am on 28 January 2016. 
 
   As a result of the Scheme becoming effective, Matthew Cooper has 
resigned as a director of Apollo and Ian Pearson has been appointed as a 
director of Apollo. 
 
   Information required to be disclosed in respect of Ian Pearson pursuant 
to paragraph LR 9.6.13R of the Listing Rules of the Financial Services 
Authority is as follows: 
 
   Details of all directorships held in any other publicly quoted company 
at any time in the previous five years are as follows: 
 
   Octopus VCT 2 plc 
 
   There are no other disclosures to be made under Listing Rule 9.6.13R. 
 
   A copy of the resolution passed at the Second General Meeting has been 
submitted to the National Storage Mechanism and will shortly be 
available for inspection at: 
 
   http://www.morningstar.co.uk/uk/NSM 
 
   For further information please contact: 
 
   Nicola Board 
 
   Company Secretary 
 
   020 7776 8663 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX 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: Octopus Apollo VCT plc via Globenewswire 
 
   HUG#1981548 
 
 
 
 

(END) Dow Jones Newswires

January 27, 2016 05:04 ET (10:04 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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