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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Baronsmead 5 | LSE:BAV | London | Ordinary Share | GB00B0YZHK97 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 72.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBAV
RNS Number : 5896Q
Baronsmead VCT 5 PLC
30 November 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR south africa OR any jurisdiction in which the same could be unlawful. the information contained herein does not constitute an offer of securities for sale in any jurisdiction, including in the united states, CANADA, australia, japan OR south africa.
BARONSMEAD VCT 5 PLC
(IN MEMBERS' VOLUNTARY LIQUIDATION)
RESULT OF GENERAL MEETING HELD ON 30 NOVEMBER 2016
Further to the proposals for the reconstruction and winding up of Baronsmead VCT 5 plc (the "Company") which were announced on 17 October 2016, the special resolution placing the Company into members' voluntary liquidation to permit the implementation of the scheme of reconstruction and winding up of the Company under section 110 of the Insolvency Act 1986 (the "Scheme") was duly passed at the General Meeting held today.
For the purposes of the Scheme, the aggregate value of the total net assets of the Company is GBP42,952,438. Under the terms of the Scheme, the number of New Shares in Baronsmead Second Venture Trust plc ("BSVT") to be issued to Shareholders is based on the adjusted Net Asset Value of a BSVT Share (the "FAV per BSVT Share") and the adjusted Net Asset Value of an Ordinary Share (the "FAV per BVCT5 Share") as at close of business on 28 November 2016. The FAV per BSVT Share was 90.67 pence and the FAV per BVCT5 Share was 76.05 pence. Accordingly, Shareholders will receive approximately 0.838803 New Shares under the Scheme for every BVCT5 Share held by them.
Share certificates in respect of New Shares issued in certificated form are expected to be sent to Shareholders during the week commencing 12 December 2016 (or as soon as practicable thereafter).
The Company confirms that the listing of the Company's ordinary shares on the Official List of the UK Listing Authority and the trading in the Ordinary Shares on the main market of the London Stock Exchange will be cancelled with effect from 8.00 a.m. on 2 December 2016.
A copy of the resolution passed at the General Meeting will shortly be available for inspection via the National Storage Mechanism.
The proxy votes cast on the resolution were as follows:
Votes "For*": 14,682,318 Votes "Against": 148,519 Votes "Withheld": 0 * the votes "For" include those votes giving the Chairman discretion.
Enquiries:
For further information please contact.
Michael Probin - VCT Investor Relations
Livingbridge VC LLP
020 7506 5796
Notes
Capitalised terms shall bear the meanings given to them in the Company's circular dated 17 October 2016 unless the context otherwise requires.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMLLFSSLVLIVIR
(END) Dow Jones Newswires
November 30, 2016 09:47 ET (14:47 GMT)
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