Foresight 4 VCT Plc Foresight 4 Vct Plc : Gm Statement
June 14 2017 - 10:55AM
UK Regulatory
TIDMFTF
Foresight 4 VCT plc ("Company")
GM Results
14 June 2017
The board of Foresight 4 VCT plc ("the Company") is pleased to announce
the results of the general meeting of the Company held today in
connection with the proposed merger of the Company with Foresight 3 VCT
plc ("F3") and the offer for subscription launched on 19 May 2017.
The merger is proposed to be completed by way of a scheme of
reconstruction pursuant to section 110 of the Insolvency Act 1986
whereby F3 will be placed in members' voluntary liquidation and all of
its assets and liabilities transferred by the appointed liquidators to
the Company in consideration for new shares being issued by the Company
("Scheme"), details of which were contained in the Company's circular to
shareholders ("Circular") dated 19 May 2017.
The Company also launched an offer for subscription to raise up to GBP50
million (with an over-allotment facility to raise up to a further GBP50
million) on 19 May 2017 ("Offer"), details of which are contained in the
prospectus issued by the Company's on 19 May 2017.
At the general meeting of the Company, the resolutions proposed in
connection with the Scheme, the Offer and other matters, as set out in
the Circular, were duly passed on a show of hands in respect of
Resolution 1 and by way of a poll in respect of Resolution 2 as follows:
-- Resolution 1 - to approve the acquisition of the assets and liabilities
of F3 and the allotment of shares pursuant to the Scheme; and
-- Resolution 2 - a composite resolution to (i) authorise the directors to
allot shares; (ii) to disapply pre-emption rights; (iii) to approve the
Promoter's Fee Arrangement (as defined in the Circular); and (iv)
authorise the Company to make market purchases of shares.
The number of proxy votes received in relation to Resolution 1 were as
follows:
Votes Resolution 1
For 8,630,619 (94.33%)
Against 201,222 (2.20%)
Discretion of chairman 299,794 (3.28%)
Discretion of third party 17,298 (0.19%)
Withheld 41,053
The results of the poll in relation to Resolution 2 were as follows:
Votes Resolution 2
For 8,748,834 (96.3%)
Against 331,615 (3.7%)
A copy of the resolutions passed at the above meeting will shortly be
available for inspection on both the Company's website
(www.foresightgroup.eu) as well as at the National Storage Mechanism
(www.morningstar.co.uk/uk/NSM).
For further enquiries please contact:
Gary Fraser, Foresight Group: 0203 667 8100
This announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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: Foresight 4 VCT PLC via Globenewswire
http://www.foresightgroup.eu/
(END) Dow Jones Newswires
June 14, 2017 11:55 ET (15:55 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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