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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Kings Arms Y 2 | LSE:KAY2 | London | Ordinary Share | GB0002098969 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 10.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMKAY2 Kings Arms Yard VCT 2 PLC ("Company") General Meeting and Merger Result 30 September 2011 This announcement is made by Kings Arms Yard VCT 2 PLC ("the Company") in connection with the merger of the Company with Kings Arms Yard VCT PLC ("KAY") to be completed by way of a scheme of reconstruction of the Company pursuant to Section 110 of the Insolvency Act 1986 ("the Scheme") and the transfer by the Company of all of its assets and liabilities to KAY, details of which were contained in KAY's prospectus ("the Prospectus") and the Company's circular to shareholders ("the Circular") both dated 25 August 2011. The Board is pleased to announce that at the general meeting of the Company held on 30 September 2011, 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 96.71% 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 (www.albion-ventures.co.uk) 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 KAY in consideration for the issue of new ordinary shares of 5p each in the capital of KAY ("KAY Shares"). The total number of KAY Shares issued to the Company's shareholders was 99,050,205, at a deemed issue price of 16.5349p per share (on a ratio of 1.2806). Application will shortly be made for all the KAY 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 3 October 2011. CREST accounts are also expected to be credited on 3 October 2011. As part of the Scheme, the suspension of the listing of the Company's shares took place at 7.30 a.m. today (30 September 2011) and the cancellation of the Company's shares will take place from the commencement of trading on 3 October 2011. For further enquiries please contact: Albion Ventures LLP Patrick Reeve/Robert Whitby-Smith Telephone: 0207 601 1850 This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Kings Arms Yard VCT 2 PLC via Thomson Reuters ONE [HUG#1551333]
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