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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Octopus Vct 2 | LSE:OVC2 | London | Ordinary Share | GB00B3SD2L64 | 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% | 99.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMOAP3 TIDMOVC2 Octopus Apollo VCT plc ("Apollo") Octopus VCT 2 plc ("OVCT 2") (together the "Companies") 27 January 2016 Merger Update: Approval of Scheme This announcement is made by the Companies in connection with the scheme of reconstruction of OVCT 2 (the "Scheme"), details of which were contained in the prospectus and circulars issued by the Companies on 2 November 2015. The boards of directors of the Companies are pleased to report that the resolution proposed at the second general meeting of OVCT 2 held today (the "Second General Meeting") was duly passed and that the Scheme has become unconditional. In implementing the Scheme, the assets and liabilities of OVCT 2 have been transferred to Apollo, in consideration for the issue of a total of 19,082,726 D ordinary shares of 1p each in the capital of Apollo to the former shareholders of OVCT 2 ("Scheme Shares") at a deemed issue price of 100p per Scheme Share. Following the issue of the Scheme Shares, the total number of Apollo's issued ordinary shares of 10p each is 135,086,618 and the total number of Apollo's issued D ordinary shares of 1p each is 19,082,726. Following the implementation of the Scheme, OVCT 2 has been placed in members' voluntary liquidation. Application has been made to the London Stock Exchange for the Scheme Shares to be admitted to trading on its main market for listed securities and it is expected that the Scheme Shares will be admitted to the Official List and that trading will become effective on 28 January 2016. OVCT 2 also announces that further to the resolution passed at the Second General Meeting, the listing of its ordinary shares of 1p each on the Official List of the UK Listing Authority will be cancelled with effect from 8am on 28 January 2016. As a result of the Scheme becoming effective, Matthew Cooper has resigned as a director of Apollo and Ian Pearson has been appointed as a director of Apollo. Information required to be disclosed in respect of Ian Pearson pursuant to paragraph LR 9.6.13R of the Listing Rules of the Financial Services Authority is as follows: Details of all directorships held in any other publicly quoted company at any time in the previous five years are as follows: Octopus VCT 2 plc There are no other disclosures to be made under Listing Rule 9.6.13R. A copy of the resolution passed at the Second General Meeting has been submitted to the National Storage Mechanism and will shortly be available for inspection at: http://www.morningstar.co.uk/uk/NSM For further information please contact: Nicola Board Company Secretary 020 7776 8663 This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX 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: Octopus Apollo VCT plc via Globenewswire HUG#1981548
(END) Dow Jones Newswires
January 27, 2016 05:04 ET (10:04 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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