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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pennine Aim Vct | LSE:PAV | London | Ordinary Share | GB0006803505 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 18.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPAV Pennine AIM VCT plc ("PA") Pennine Downing AIM VCT 2 plc ("PDA2") JOINT ANNOUNCEMENT - MERGER DISCUSSIONS The Boards of PA and PDA2 are pleased to announce that, following discussions, they have agreed, in principle, subject to shareholder approval, terms with each other with a view to merging PA and PDA2 together to create one larger entity. Each of the companies is currently managed by Rathbone Investment Management Limited. If the merger proceeds it would be by way of a "scheme of reconstruction" pursuant to S.110 of the Insolvency Act 1986 (the "Scheme"). Under the proposed Scheme, the assets and liabilities of PDA2 will be transferred to PA using a relative net asset basis to create one larger VCT. This should produce a reduction in running costs as well as other benefits. A merger effected on this basis would be outside the City Code on Takeovers and Mergers. The proposed transactions will require approval of shareholders of PA and PDA2. Formal documents are currently being prepared and are expected to be sent out to all shareholders in due course. =--END OF MESSAGE--- This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
1 Year Pennine Aim Vct Chart |
1 Month Pennine Aim Vct Chart |
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