Calculus VCT PLC Conversion of Securities (7986M)
August 01 2017 - 10:05AM
UK Regulatory
TIDMCLC
RNS Number : 7986M
Calculus VCT PLC
01 August 2017
Calculus VCT plc
1 August 2017
Share Class Merger Update
Further to the announcement of 24 July 2017, presented below is
the proposed share class merger timetable.
SHARE CLASS MERGER TIMETABLE
EVENT DATE
Record Date for calculating allocation 31 July 2017
Date of conversion 1 August 2017
Application for admission to trading 31 July 2017
of additional D Shares and cancellation
of Ordinary Share and C Share class
Expected date of cancellation of 3 August 2017
listing of Ordinary Share and C Share
class
Expected date of admission to trading 3 August 2017
of converted D Shares
Name of consolidated D Shares changed 7 August 2017
to "Ordinary Shares"
Posting of Ordinary Share certificates By 15 August
2017
Accordingly, as of today the issued share capital and total
voting rights of the Company comprises:
Prior Ordinary C shares D shares D shares TOTAL
to share shares in issue (each (each
class in issue (each holding holding
merger (each holding one voting one voting
holding one voting right) right)
one voting right) eligible not eligible
right) GB00B3RNDW55 for dividend for dividend
GB00B631ZQ22 in 2017 in 2017
(to be (to be
renamed renamed
Ordinary Ordinary
shares shares
post merger) post merger)
GB00BYQPF348 GB00BDD9H811
------------ -------------- -------------- -------------- -------------- -----------
4,738,463 1,931,095 3,813,555 3,858,952 14,342,065
------------ -------------- -------------- -------------- -------------- -----------
Conversion
ratio 0.1442X 0.2435X
------------ -------------- -------------- -------------- -------------- -----------
D shares D shares D shares D shares
(each (each (each (each
holding holding holding holding
one voting one voting one voting one voting
right) right) right) right)
eligible eligible eligible not eligible
for dividend for dividend for dividend for dividend
in 2017 in 2017 in 2017 in 2017
(to be (to be (to be (to be
renamed renamed renamed renamed
Ordinary Ordinary Ordinary Ordinary
shares shares shares shares
post merger) post merger) post merger) post merger)
GB00BDD9H811
GB00BYQPF348 GB00BYQPF348 GB00BYQPF348
------------ -------------- -------------- -------------- -------------- -----------
Post share
class
merger 683,243 470,197 3,813,555 3,858,952 8,825,947
------------ -------------- -------------- -------------- -------------- -----------
Applications have been made to the UK Listing Authority and the
London Stock Exchange to update the listing records for the D
Shares and to effect the cancellation of the listing of the old
ordinary share and C shares classes. This is expected to become
effective on 3 August 2017. Accordingly, the newly merged D share
class is being renamed the Ordinary Share class. All shareholders
will therefore hold Ordinary Shares.
The deferred shares created by the merger process will be bought
back and cancelled by the Company in due course for the aggregate
sum of 1 penny.
Shareholders will receive their share certificate for the
Ordinary Shares arising on conversion of their Ordinary, C Shares
and D shares by 15 August 2017.
Calculus Capital Limited
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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