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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Baronsmead Vct | LSE:BDV | London | Ordinary Share | GB0000803584 | 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% | 72.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMBDV
RNS Number : 5466O
Baronsmead VCT PLC
09 February 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 PLC
(IN MEMBERS' VOLUNTARY LIQUIDATION)
RESULT OF GENERAL MEETING HELD ON 8 FEBRUARY 2016
Further to the proposals for the reconstruction and winding up of the Company which were announced on 11 January 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 on 8 February 2016.
For the purposes of the Scheme, the aggregate value of the total net assets of the Company is GBP79,169,783. Under the terms of the Scheme, the number of New Shares in Baronsmead VCT 2 plc ("BVCT2") to be issued to Shareholders is based on the adjusted Net Asset Value of a BVCT2 Share (the "FAV per BVCT2 Share") and the adjusted Net Asset Value of an Ordinary Share (the "FAV per BVCT Share") as at close of business on 31 January 2016. The FAV per BVCT2 Share was 99.68 pence and the FAV per BVCT Share was 75.98 pence. Accordingly, Shareholders will receive approximately 0.762239 New Shares under the Scheme for every BVCT Share held by them and 79,425,134 New Shares in aggregate will be issued to Shareholders under the Scheme.
Share certificates in respect of New Shares issued in certificated form will be sent to Shareholders during the week commencing 15 February 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 11 February 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*": 22,503,922 Votes "Against": 378,761 Votes "Withheld": 77,828 * 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 11 January 2016 unless the context otherwise requires.
This information is provided by RNS
The company news service from the London Stock Exchange
END
ROMSSWFDUFMSESE
(END) Dow Jones Newswires
February 09, 2016 08:09 ET (13:09 GMT)
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