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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Downing Two C | LSE:DP2C | London | Ordinary Share | GB00B3D74S43 | C' SHS 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.505 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMDP2C 20 April 2017 Downing TWO VCT plc (the "Company") RESULT OF GENERAL MEETING AND CONVERSION OF SHARES The C and A Share Class Meetings of Downing TWO VCT plc ("Meetings") scheduled for 2:00pm and 2:01pm respectively on Thursday 20 April 2017 did not have a quorum present and both were adjourned. At the adjourned meetings, a quorum was present and the resolutions were passed. Details of the proxy votes in respect of the resolutions which were received by 2.00 pm on 18 April 2017, being 48 hours before the time of the Meetings (excluding weekends), at the receiving agent, Downing LLP are set out below: Class meeting of the holders of A Shares of 0.1 pence each ("A Shares"): For Discretionary Against Withheld Resolution No. of No. of Total Votes No. of No. Votes No. of Votes Votes Cast Votes % of votes % of votes % of votes % of votes 1 1,620,588 94,861 - 1,715,449 - 94.47% 5.53% 0.00% 100.00% - Class meeting of the holders of C Shares of 0.1 pence each ("C Shares"): For Discretionary Against Withheld Resolution No. of No. of Total Votes No. of No. Votes No. of Votes Votes Cast Votes % of votes % of votes % of votes % of votes 1 1,251,535 51,349 - 1,302,884 - 96.06% 3.94% 0.00% 100.00% - Accordingly the board of directors of the Company has resolved to invoke the relevant provisions of the Company's articles of association (the "Articles") to convert all of the Company's A Shares and C shares in the capital of the Company, such that all such shares were converted to Deferred Shares on 20 April 2017, such conversion to be calculated by reference to the net asset value per share of each relevant share class as at 20 April 2017 and the shareholdings reflected on the register of members of the Company as at close of business on 19 April 2017 (the "Conversion"). The Conversion took place on 20 April 2017, as a consequence of which all A Shares and C Shares were converted to deferred shares as follows: Number of shares prior to Number of deferred shares Share class conversion following conversion A Shares 10,724,029 10,724,029 C Shares 7,126,194 7,126,194 In accordance with the Articles, the 17,850,223 deferred shares referred to above were repurchased by the Company immediately following the Conversion and subsequently cancelled. Application will be made for the reference to the A Shares and C Shares to be removed from the premium segment of the Official List of the UK Listing Authority and from admission to trading on the London Stock Exchange plc's main market for listed securities, which is expected to take place on or around 24 April 2017. Following the Conversion and the repurchase and the cancellation of the deferred shares, the issued share capital of the Company is: Voting rights Share class Shares in issue per share Voting rights D Shares of 0.1 pence each 10,000,000 1 10,000,000 E Shares of 0.1 pence each 14,950,000 - F Shares of 0.1 pence each 10,810,859 1 10,810,859 G Shares of 0.1 pence each 25,352,571 1 25,352,571 K Shares of 0.1 pence each 15,739,341 1 15,739,341 Total voting rights 61,902,771 20 April 2017 This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq 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: Downing TWO VCT plc via Globenewswire
(END) Dow Jones Newswires
April 20, 2017 10:54 ET (14:54 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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