VEN3 Ventus Vct 3

 

TIDMVEN3 TIDMVEN2 
 
RNS Number : 4867L 
Ventus 3 VCT PLC 
06 May 2010 
 
Joint Announcement Ventus 2 VCT plc and Ventus 3 VCT plc 
 
Proposal to merge Ventus 3 VCT plc ("Ventus 3") and Ventus 2 VCT plc ("Ventus 
2") by way of a scheme of reconstruction of  Ventus 3 pursuant to Section 110 of 
the Insolvency Act 1986 (the "Scheme"). 
 
Approval of Scheme 
 
The Boards of directors of Ventus 2 and Ventus 3 are pleased to announce that 
the resolution to approve the Scheme and authorise its implementation proposed 
at the general meeting of Ventus 3 held today was passed unanimously. 
 
The first steps of implementing the Scheme have now taken place, and the 
transfer of assets and liabilities of Ventus 3 to Ventus 2 was effected today. 
In consideration for that transfer 12,250,311 new Ventus 2 ordinary shares of 25 
pence are being issued in connection with the Scheme.  Following the above 
allotment, the total number of Ventus 2 ordinary shares in issue is 24,537,560. 
 
Application has been made to the UK Listing Authority for the new Ventus 2 
ordinary shares to be admitted to the Official List and to trading on the London 
Stock Exchange's main market for listed securities.  It is expected that the new 
Ventus 2 ordinary shares will be admitted to the Official List and trading will 
become effective on 7 May 2010. 
Ventus 3 shareholders who hold their shares in certificated form will shortly 
receive share certificates in respect of the Ventus 2 ordinary shares issued to 
them. Application will also be made for the new Ventus 2 ordinary shares to be 
admitted to the CREST system for those Ventus 3 shareholders who wish to hold 
their new Ventus 2 ordinary shares in uncertificated form. 
For further information, please contact: 
Matthew Ridley of Climate Change Capital on 020 7939 5350 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MEREASSKEEEEEFF 
 

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