Calculus VCT PLC Conversion of Securities (7986M)

TIDMCLC

RNS Number : 7986M

Calculus VCT PLC

01 August 2017

Calculus VCT plc

1 August 2017

Share Class Merger Update

Further to the announcement of 24 July 2017, presented below is the proposed share class merger timetable.

SHARE CLASS MERGER TIMETABLE

 
        EVENT                                                DATE 
        Record Date for calculating allocation       31 July 2017 
        Date of conversion                          1 August 2017 
        Application for admission to trading         31 July 2017 
         of additional D Shares and cancellation 
         of Ordinary Share and C Share class 
        Expected date of cancellation of            3 August 2017 
         listing of Ordinary Share and C Share 
         class 
        Expected date of admission to trading       3 August 2017 
         of converted D Shares 
        Name of consolidated D Shares changed       7 August 2017 
         to "Ordinary Shares" 
        Posting of Ordinary Share certificates       By 15 August 
                                                             2017 
 

Accordingly, as of today the issued share capital and total voting rights of the Company comprises:

 
 Prior         Ordinary        C shares        D shares        D shares        TOTAL 
  to share      shares          in issue        (each           (each 
  class         in issue        (each           holding         holding 
  merger        (each           holding         one voting      one voting 
                holding         one voting      right)          right) 
                one voting      right)          eligible        not eligible 
                right)          GB00B3RNDW55    for dividend    for dividend 
                GB00B631ZQ22                    in 2017         in 2017 
                                                (to be          (to be 
                                                renamed         renamed 
                                                Ordinary        Ordinary 
                                                shares          shares 
                                                post merger)    post merger) 
                                                GB00BYQPF348    GB00BDD9H811 
------------  --------------  --------------  --------------  --------------  ----------- 
               4,738,463       1,931,095       3,813,555       3,858,952       14,342,065 
------------  --------------  --------------  --------------  --------------  ----------- 
 Conversion 
  ratio        0.1442X         0.2435X 
------------  --------------  --------------  --------------  --------------  ----------- 
               D shares        D shares        D shares        D shares 
                (each           (each           (each           (each 
                holding         holding         holding         holding 
                one voting      one voting      one voting      one voting 
                right)          right)          right)          right) 
                eligible        eligible        eligible        not eligible 
                for dividend    for dividend    for dividend    for dividend 
                in 2017         in 2017         in 2017         in 2017 
                (to be          (to be          (to be          (to be 
                renamed         renamed         renamed         renamed 
                Ordinary        Ordinary        Ordinary        Ordinary 
                shares          shares          shares          shares 
                post merger)    post merger)    post merger)    post merger) 
                                                                GB00BDD9H811 
                GB00BYQPF348    GB00BYQPF348    GB00BYQPF348 
------------  --------------  --------------  --------------  --------------  ----------- 
 Post share 
  class 
  merger       683,243         470,197         3,813,555       3,858,952       8,825,947 
------------  --------------  --------------  --------------  --------------  ----------- 
 

Applications have been made to the UK Listing Authority and the London Stock Exchange to update the listing records for the D Shares and to effect the cancellation of the listing of the old ordinary share and C shares classes. This is expected to become effective on 3 August 2017. Accordingly, the newly merged D share class is being renamed the Ordinary Share class. All shareholders will therefore hold Ordinary Shares.

The deferred shares created by the merger process will be bought back and cancelled by the Company in due course for the aggregate sum of 1 penny.

Shareholders will receive their share certificate for the Ordinary Shares arising on conversion of their Ordinary, C Shares and D shares by 15 August 2017.

Calculus Capital Limited

Company Secretary

This information is provided by RNS

The company news service from the London Stock Exchange

END

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August 01, 2017 11:05 ET (15:05 GMT)