Foresight 2 VCT Plc Foresight 2 Vct Plc : General Meeting And Merger Result

 
TIDMFTN 
 
 
 
   Foresight 2 VCT PLC 
 
 
 
   General Meeting and Merger Result 
 
 
 
   18 December 2015 
 
   The board of Foresight 2 VCT plc ("the Company") is pleased to announce 
the results of the general meeting of the Company held today in 
connection with the merger of the Company with Foresight VCT plc ("F1") 
by way of a scheme of reconstruction of the Company pursuant to Section 
110 of the Insolvency Act 1986 whereby the Company will be placed in 
members' voluntary liquidation and all of its assets and liabilities 
transferred by the appointed liquidators to F1 ("Scheme"), details of 
which were contained in the Company's circular to shareholders 
("Circular") dated 13 November 2015. 
 
   At the general meeting of the Company, 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 96.14% 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.foresightgroup.eu) 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 F1 in consideration for the 
issue of new F1 ordinary shares of 1p each ("F1 Ordinary Shares"), new 
F1 planned exit shares of 1p each ("F1 Planned Exit Shares") and new F1 
infrastructure shares of 1p each ("F1 Infrastructure Shares") in each 
case in the capital of F1 (together the "F1 Shares") . The total number 
of F1 Ordinary Shares issued to the Company's shareholders was 
28,590,057, at a deemed issue price of 88.0p per ordinary share (on a 
ratio of 0.6244 F1 Ordinary Shares for each ordinary share in the 
Company). The total number of F1 Infrastructure Shares issued to the 
Company's shareholders was 15,975,510, at a deemed issue price of 92.3p 
per infrastructure share (on a ratio of 0.9644 F1 Infrastructure Shares 
for each infrastructure share in the Company). The total number of F1 
Planned Exit Shares issued to the Company's shareholders was 5,535,509, 
at a deemed issue price of 39.6p per planned exit share (on a ratio of 
0.9095 F1 Planned Exit Shares for each planned exit share in the 
Company). 
 
   Application will shortly be made for all the F1 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 21 December 
2015. CREST accounts are also expected to be credited on 22 December 
2015. 
 
   As part of the Scheme, the suspension of the listing of the Company's 
shares took place at 7.30 a.m. today (18 December 2015) and the 
cancellation of the Company's shares will take place from the 
commencement of trading on 22 January 2016. 
 
   As mentioned in the Circular, David Quysner has retired from the board 
of Foresight 2 VCT plc with immediate effect. 
 
   For further enquiries please contact: 
 
   Gary Fraser, Foresight Group: 0203 667 8109 
 
 
 
 
 
   This announcement is distributed by NASDAQ OMX Corporate Solutions on 
behalf of NASDAQ OMX Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight 2 VCT PLC via Globenewswire 
 
   HUG#1974749 
 
 
  http://www.foresightgroup.eu/

(END) Dow Jones Newswires

December 18, 2015 05:48 ET (10:48 GMT)

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