Conversion and Consolidation of Securities
(Thomson Reuters ONE) - Proven Growth & Income VCT plcConversion of C Shares into Ordinary Shares and Consolidation ofOrdinary Shares21 October 2009Conversion/ConsolidationIn accordance with the provisions in the Company's articles ofassociation, the Company's C Shares of 5p each will convert intoOrdinary Shares of 1p each on 26 October 2009 ("Conversion"). TheConversion will be undertaken based on the conversion ratio producedby the relative net asset values per share of the Ordinary Shares andC Shares as at 31 August 2009, which has been determined as 1.618728.Following Conversion, each Ordinary Share of 1p each will thenconsolidate into approximately 0.617769 new Ordinary Shares of1.6187p each ("Consolidation").Following Conversion and Consolidation:Holders of one original C Share of 5p each will hold one new OrdinaryShare of 1.6187p each.Holders of one original Ordinary Share of 1p each will holdapproximately 0.617769new Ordinary Shares of 1.6187p eachNumber of C Shares of 5p each being converted and thenconsolidated: 19,680,936Number of original Ordinary Shares of 1p each also beingconsolidated: 6,789,560 *Number of new Ordinary Shares of 1.6187p in issue afterConversion and Consolidation: 23,875,316 ** includes 8,033 original Ordinary Shares of 1p each / 4,962 newOrdinary Shares of 1.6187p each which have been purchased by theCompany for cancellation, but have not yet been delivered to theCompany.Admission to tradingApplication will be made for the new Ordinary Shares of 1.6187p eachto be admitted to the Official List and to trading on the main marketof the London Stock Exchange. It is expected that admission willbecome effective and that trading will commence on 27 October 2009.The ISIN of the new Ordinary Shares will be GB00B5B7YS03 and the TIDMcode PGOO.Share certificatesIt is expected that new share certificates will be despatched to alloriginal Ordinary Shareholders and C Shareholders by 9 November 2009.Total Voting RightsFollowing Conversion and Consolidation, total voting rights will be29,216,205, comprising of 23,870,354 new Ordinary Shares and5,345,850 D Shares.---END OF MESSAGE---This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 21.10.2009 - 18:00 Uhr
Sprache: Deutsch
News-ID 7220
Anzahl Zeichen: 0
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London
Kategorie:
Business News
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