EGM Statement - Merger Update

    EGM Statement - Merger Update
             



The Ethical AIM VCT plc

EGM Results and Implementation of the Scheme

16 January 2008

The board of directors of The  Ethical AIM VCT plc ('Ethical' or  the
'Company') is pleased to announce  that all the resolutions  proposed
at an Extraordinary General  Meeting of the  Company held today  were
duly passed. Accordingly, by way of implementation of the Scheme  for
the reconstruction  of the  Company (the  'Scheme'), the  assets  and
liabilities of the Company will be transferred to Pennine Downing AIM
VCT 2 plc ('PDA2) and PDA2  will issue the consideration shares.  The
total number of consideration  shares to be  issued to the  Company's
shareholders is  6,361,530, equal  to  0.633 PDA  2 shares  for  each
Ethical share

Application will shortly be made by PDA2 for the consideration shares
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 23 January  2008.
It is  anticipated that  share certificates  in respect  of the  PDA2
consideration shares  will  be  despatched,  or  the  relevant  CREST
accounts credited, on 23 January 2008.

As part  of  the Scheme,  the  cancellation  of the  listing  of  the
Company's shares will take  place on the  commencement of trading  on
Thursday 17 January 2008.

The conditional special interim dividend of 10 pence per share
announced on 28 November 2007 has today become unconditional, and is
expected to be paid on 23 January 2008, to shareholders on the
register of members of the Company as at 11 January 2008.

Details of the proxy  votes in respect of  the resolutions passed  at
the Extraordinary  General Meeting  received  as at  11.15 am  on  14
January 2008,  by Downing  Management Services  Limited are  set  out
below:


                 For     Discretionary  Against  Withheld
 Resolution    No. of    No. of Votes   No. of    No. of     Total
    No.         Votes                    Votes     Votes     Votes
             % of votes   % of votes     % of              % of votes
                                         votes
     1        1,708,500     33,500       5,000    35,000   1,782,000
                97.8%        1.9%        0.3%                100.0%
     2        1,708,500     33,500       5,000    35,000   1,782,000
                97.8%        1.9%        0.3%                100.0%
     3        1,703,500     33,500       5,000    40,000   1,782,000
                97.8%        1.9%        0.3%                100.0%


A copies  of the  resolutions  passed will  be  submitted to  the  UK
Listing Authority and will shortly be available for inspection at the
UK Listing Authority's Document  Viewing Facility, which is  situated
at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS
Telephone: 020 7066 1000

- ---END OF MESSAGE---

Ethical Aim (LSE:EAV)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024