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VEN Ventus Vct Plc

80.50
0.00 (0.00%)
01 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ventus Vct Plc LSE:VEN London Ordinary Share GB00B03KMY45 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 80.50 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 80.50 GBX

Ventus Vct (VEN) Latest News

Real-Time news about Ventus Vct Plc (London Stock Exchange): 0 recent articles

Ventus Vct (VEN) Discussions and Chat

Ventus Vct Forums and Chat

Date Time Title Posts
19/5/202313:05Ventus (wind farms): NAV 95p, 58p to buy, prospective yield 8p274

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Ventus Vct (VEN) Most Recent Trades

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Ventus Vct (VEN) Top Chat Posts

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Posted at 18/4/2023 13:19 by rbcrbc
Previous expectation was :

anticipated final dividends:
Ords - 2.5p per share
C Shares - 1.5p per share
D shares - 1.0p per share.

Now = 2.18p ?
Posted at 18/4/2023 11:00 by a0002577
Sippdel sent this out last night

The liquidators have confirmed that the scheduled payment date for the final distribution was delayed due to additional liabilities which would have left insufficient funds to meet the payment rates previously announced.

Under the terms of the distribution, you will now be credited with GBP0.0218 for each Ventus 2 VCT Plc share held.

To view the announcement in full, please copy and paste the link below into your web browser:
for Ventus Website 06Mar23 Final.pdf

Your account is expected to be credited with the cash proceeds on or around 28 April 2023.
Posted at 07/4/2023 11:59 by tgl
So much for the the 7th March statement that '..we expect to be able to publish a further update containing the final agreed distributions by share class before the end of March. In addition to this the Liquidator will be issuing their Annual Progress Report for the year ended 1 February 2023 by 1 April 2023...'
Posted at 24/3/2023 16:08 by rbcrbc
[...]

[...]

From the website

UPDATE FROM THE TEMPORIS CAPITAL (“TemporisR21;) AND THE LIQUIDATORS OF VENTUS VCT PLC AND
VENTUS 2 VCT PLC (together the “Ventus Funds” or “the Companies”) ON 07 MARCH 2023.
Dear Ventus Fund Shareholders,
We write further to the update of 22 December 2022 and the notice uploaded to the website on 16
January 2023 and apologise for the delay in this update.
As this is a solvent winding up, all company liabilities need to be paid in full. Following the
correspondence circulated on 22 December 2022 and the scheduled date for payment on 13 January
2023, it came to light that there were additional liabilities which would have left insufficient funds to
meet the payment rates set out in the correspondence. Accordingly, we were unable to initiate the
payments.
Since that time, Temporis and the Liquidators have worked to finalise all future costs with various
suppliers. This process is nearing its conclusion and we expect to be able to publish a further update
containing the final agreed distributions by share class before the end of March. In addition to this,
the Liquidator will be issuing their Annual Progress Report for the year ended 1 February 2023 by 1
April 2023 and this report will provide a comprehensive update on the progress of the Liquidation.
Posted at 30/6/2022 10:05 by rbcrbc
CHQ arrived today, together with covering paperwork:

anticipated final dividends:
Ords - 2.5p per share
C Shares - 1.5p per share
D shares - 1.0p per share.

To be paid at conclusion of liquidation - i.e. after liabilities finalised, tax clearances obtained etc.

No indication of dates given but IMO probably a few months.
Posted at 15/6/2022 07:33 by spectoacc
They really did. Think we sold out about 10-15% too soon, with the power price rises, but still.

Slightly surprised after what they told me last week that there's still no update on ventusvct.com
Posted at 13/6/2022 09:02 by spin doctor
Thanks for the updates.
Over the years the Ventus share classes delivered a bunch of remarkable opportunities.
Posted at 31/3/2022 12:42 by rbcrbc
Good old fashioned cheque arrived today, together with paperwork.

This payment:
Ord = 18p per share
C Shares = 85p per share
D shares = 185p per share

The anticipated final distributions will be:
Ord = 27p per share
C Shares = 6p per share
D shares = 6p per share

will be paid 'at the conclusion of the liquidation' - No hint when that will be, but: There are further asset realisations to be made in respect of the ordinary shares.

Contact name given as 'please do not hesitate to contact my colleague' - Rhiannon McColl 020 8343 5900

Costs of liquidation (so far) £729,645.75)
Posted at 22/3/2022 13:26 by spectoacc
An explanation this morning?

"The distribution to be made to Ventus 2 ordinary shareholders on 30 March is proportionately smaller versus the distributions being made to the C and D shareholders because the consideration for one of the investee companies sold by the ordinary share fund has yet to be received. Receipt of the consideration has been held up because of a technical issue in releasing the security held by the senior lender to that investee company. The total net proceeds to be paid to the Ventus 2 ordinary shareholders are still expected to be in line with those set out in the Circular dated 7th January 2022.’"


That would be the same Circular that said 90% of the proceeds back in early Feb, the remainder by 28th Feb? Looking forward to this next payout on 30th March.
Posted at 31/12/2021 09:15 by spectoacc
Completely missed the post-close RNS on the 23rd. Definitely a great outcome, but the tax-free income will indeed be much missed. Been nothing else like Ventus.

So (I think):

122.9p from VEN

92.3p VEN2 (not sure why a few are buying at 93p today)

153.7 VENC

155.7p VNC

Sometime in March before total payout, with much arriving sooner.

Only quibble is with them claiming the result is "materially higher" than the estimates given before the shareholder vote. They're not material (typically 10%+), and the difference accounted for by divi we're foregoing, that would have been paid this month. ie the buyer has got the benefit of the retained earnings.

Minor quibble. They've stuck to timescale, and no complaints about prices.
Ventus Vct share price data is direct from the London Stock Exchange

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