Octopus Eclipse 4 Octopus Eclipse VCT 4 plc : General Meeting and Merger Result
October 31 2012 - 10:48AM
UK Regulatory
TIDMOEC4
Octopus Eclipse VCT 4 plc ("Company")
GM and Merger Result
31 October 2012
This announcement is made by Octopus Eclipse VCT 4 plc ("the Company") in
connection with the merger of the Company with Octopus Eclipse VCT plc
("Eclipse") to be completed by way of a scheme of reconstruction of the Company
pursuant to Section 110 of the Insolvency Act 1986 and the transfer by the
Company of all of its assets and liabilities to Eclipse ("Scheme"), details of
which were contained in Eclipse's prospectus ("the Prospectus") and the
Company's circular to shareholders ("the Circular") both dated 28 September
2012.
The board is pleased to announce that at the general meeting of the Company held
on 31 October 2012, 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, was duly passed on a show of hands and with
99.54% 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.octopusinvestments.com) as
well as at the National Storage Mechanism (www.morningstar.co.uk/uk/NSM).
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 Eclipse in consideration for the issue of new ordinary
shares of 10p each in the capital of Eclipse ("Eclipse Shares"). The total
number of Eclipse Shares issued to the Company's shareholders was 26,119,628, at
a deemed issue price of 38.0726p per share (on a ratio of 1.02668).
The board is also pleased to confirm that the merger of Octopus Eclipse VCT 2
plc and Octopus Eclipse VCT 3 plc with Eclipse, as further set out in the
Prospectus and the Circular, has also taken effect today.
Application will shortly be made for all of the Eclipse Shares issued 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 1 November 2012. CREST accounts are
also expected to be credited on 1 November 2012.
As part of the Scheme, the suspension of the listing of the Company's shares
took place at 7.30 a.m. today (31 October 2012) and the cancellation of the
Company's shares will take place from the commencement of trading on 29 November
2012.
For further enquiries please contact:
Octopus Investments Limited
Patricia Standaloft
Telephone: 0207 710 6471
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Octopus Eclipse VCT 4 plc via Thomson Reuters ONE
[HUG#1654168]
Octopus Ecl.4 (LSE:OEC4)
Historical Stock Chart
From Aug 2024 to Sep 2024
Octopus Ecl.4 (LSE:OEC4)
Historical Stock Chart
From Sep 2023 to Sep 2024
Real-Time news about Octopus Ecl.4 (London Stock Exchange): 0 recent articles
More Octopus Ecl.4 News Articles