Foresight 5 VCT PLC : EGM Statement

 
TIDMFRF 
 
Foresight 5 VCT plc 
 
GM and Merger Result 
 
6 February 2012 
 
This  announcement is made by Foresight  5 VCT plc ("the Company") in connection 
with  the merger of the  Company with Foresight 4 VCT  plc ("Foresight 4") to be 
completed  pursuant to a  scheme of reconstruction  of the Company under Section 
110 of  the Insolvency Act 1986 ("Scheme") whereby the Company will be placed in 
members'  voluntary  liquidation  and  will  transfer  all  of  its  assets  and 
liabilities  to Foresight  4, details of  which were  contained in the Company's 
circular to shareholders ("the Circular") dated 22 December 2011. 
 
The board is pleased to announce that at the general meeting of the Company held 
on  6 February  2012, the  resolution  to  approve  the  Company being placed in 
liquidation,  appoint the  liquidators and  cancel the  listing of the Company's 
shares,  as set out in the Circular, was duly passed on a show of hands and with 
9,068,994 (99.09%) of proxy votes received being in favour (or at the chairman's 
discretion). 
 
A  copy of the resolution passed at  the above meeting will shortly be available 
for  inspection on both the Company's website (http://www.foresightgroup.eu/) as 
well as at the National Storage Mechanism (www.hemscott.com/nsm.do). 
 
Accordingly, by way of implementation of the Scheme, the Company has been placed 
into  members'  voluntary  liquidation  and  the  assets  and liabilities of the 
Company  transferred  to  Foresight  4 in  consideration  for the issue of new C 
ordinary  shares  of  1p each  in  the  capital  of  Foresight 4 ("Foresight 4 C 
Shares").  The  total  number  of  Foresight  4 C Shares issued to the Company's 
ordinary shareholders was 10,814,271 at a deemed issue price of  GBP1 per share (on 
a  ratio of 0.173235 for every ordinary share  held in the Company and 0.587270 
for every C ordinary share held in the Company). 
 
Application  will  shortly  be  made  for  all  the  Foresight 4 C Shares issued 
pursuant to the Scheme to be admitted to the Official List and to trading on the 
main  market of the  London Stock Exchange.  It is expected  that admission will 
become  effective  and  that  trading  will  commence  on 7 February 2012. CREST 
accounts are also expected to be credited on 7 February 2012. 
 
As  part of the  Scheme, the suspension  of the listing  of the Company's shares 
took place at 7.30am today (6 February 2012) and the cancellation of the listing 
of  the Company's  shares is  expected to  take place  from the  commencement of 
trading on 6 March 2012. 
 
For further enquiries please contact: 
 
Gary Fraser 
Foresight Fund Managers Limited 
Company Secretary 
Telephone: [phone] 
 
 
 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
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     originality of the information contained therein. 
 
Source: Foresight 5 VCT PLC via Thomson Reuters ONE 
 
[HUG#1582935]