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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Rensburg Aim | LSE:RSB | London | Ordinary Share | GB0005723167 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 36.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMRSB
RNS Number : 6394L
Rensburg AIM VCT Plc
12 January 2016
Rensburg Aim VCT plc (the "Company")
General Meeting and Merger Result
12 January 2016
The Board is pleased to announce that at the general meeting of the Company held on 12 January 2016, 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 to shareholders dated 27 October 2015 (the "Circular"), was duly passed on a show of hands and with 90% (rounded to the nearest whole percentage) 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.rensburgaimvct.co.uk) as well as at the National Storage Mechanism (www.morningstar.co.uk/uk/NSM).
This announcement is made by the Company in connection with the acquisition by Unicorn AIM VCT plc ("UAVCT") of the Company by way of a scheme of reconstruction of the Company pursuant to Section 110 of the Insolvency Act 1986 whereby the Company will be placed in members' voluntary liquidation and all of its assets and liabilities transferred by the appointed liquidators to UAVCT (the "Scheme"), details of which were contained in the Circular.
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 UAVCT in consideration for the allotment of new UAVCT ordinary shares of 1p each ("UAVCT Ordinary Shares") in the capital of UAVCT. The total number of UAVCT Ordinary Shares allotted to the Company's shareholders was 7,075,352, at a deemed issue price of 162.614416555011p per ordinary share (on a ratio of 0.23818335 UAVCT Ordinary Shares for each ordinary share in the Company). This would represent 2,381 UAVCT Ordinary Shares for a holding of 10,000 shares in the Company.
Application will shortly be made for all the UAVCT Ordinary Shares allotted 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 13 January 2016. CREST accounts are also expected to be credited on 13 January 2016.
As part of the Scheme, the suspension of the listing of the Company's shares took place at 7.30 a.m. today (12 January 2016) and the cancellation of the Company's shares will take place from the commencement of trading on 9 February 2016.
For further enquiries please contact:
Barry Anysz
Director
0113 245 4488
This information is provided by RNS
The company news service from the London Stock Exchange
END
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(END) Dow Jones Newswires
January 12, 2016 10:14 ET (15:14 GMT)
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