Statement re Possible Merger

 
TIDMKAY2 
 
Possible Merger pursuant to a s.110 scheme of reconstruction under the 
Insolvency Act 1986. 
 
The boards of Kings Arms Yard VCT PLC and Kings Arms Yard VCT 2 PLC today 
announce, as part of their continuing effort to cut costs, that they have 
entered talks to explore a merger of the Companies. Any merger would be subject 
to approval by Shareholders of both Companies. 
 
The current view is that a proposed merger will be completed pursuant to a s.110 
scheme of reconstruction under the Insolvency Act 1986 by transferring the 
assets and liabilities of Kings Arms Yard VCT 2 PLC to Kings Arms Yard VCT PLC 
in consideration for new Kings Arms Yard VCT PLC shares to be issued to Kings 
Arms Yard VCT 2 PLC shareholders on a relative net asset value basis, based on 
net asset values as at 30(th) September 2011. A merger on this basis will be 
outside the provisions of The City Code on Takeovers and Mergers. 
 
A further announcement will be made in due course. 
 
 
 
 
 
 
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     originality of the information contained therein. 
 
Source: Kings Arms Yard VCT 2 PLC via Thomson Reuters ONE 
 
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