Rensburg AIM VCT Plc Update on proposals with Unicorn AIM VCT PLC (5761D)
October 27 2015 - 10:00AM
UK Regulatory
TIDMRSB
RNS Number : 5761D
Rensburg AIM VCT Plc
27 October 2015
RENSBURG AIM VCT PLC
Update on proposals with Unicorn AIM VCT PLC
27 October 2015
Further to its letter to shareholders dated 31 July 2015, the
Board of Rensburg Aim VCT PLC (the "Company") is pleased to
announce that a circular is today being posted to shareholders
regarding the Company's proposed tender offer (the "Tender Offer")
and the acquisition by Unicorn AIM VCT plc of the Company's
remaining assets and liabilities in consideration for the issue of
new shares in Unicorn AIM VCT plc by way of a scheme of
reconstruction (the "Scheme").
The circular convenes two general meetings at which resolutions
will be proposed to approve the Tender Offer and the Scheme. The
general meetings will be held on 27 November 2015 and 12 January
2016, in each case at the registered office of the Company in
Leeds.
The circular sets out an expected timetable for implementation
of the Tender Offer and the Scheme (assuming the required
shareholder resolutions are passed at the general meetings). The
closing date and record date for the Tender Offer is 25 November
2015 and the Scheme is expected to become effective on 12 January
2016, on which date dealings in the shares on the London Stock
Exchange will be suspended.
A copy of the circular has been submitted to the Financial
Conduct Authority and will shortly be available for inspection at
the National Storage Mechanism, which is located at:
www.morningstar.co.uk/uk/nsm.
A copy of the circular (and the accompanying proxy forms and
tender form) will also shortly be available for download from the
Company's website at www.rensburgaimvct.co.uk
For further information please contact:
Barry Anysz 0113 245 4488
Director
Rensburg Aim VCT PLC
This information is provided by RNS
The company news service from the London Stock Exchange
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