Albion Inc&Gth VCT General Meeting And Merger Result
November 15 2013 - 7:33AM
UK Regulatory
TIDMAAIG
Albion Income & Growth VCT PLC
("Company")
General Meeting and Merger Result
15 November 2013
This announcement is made by Albion Income & Growth VCT PLC ("the
Company") in connection with the merger of the Company with Albion
Technology & General VCT PLC ("AATG") by way of a scheme of
reconstruction of the Company pursuant to Section 110 of the Insolvency
Act 1986 and the transfer by the Company of all of its assets and
liabilities to AATG ("Scheme"), details of which were contained in
AATG's prospectus ("the Prospectus") and the Company's circular to
shareholders ("the Circular") both dated 10 October 2013.
The board is pleased to announce that at the general meeting of the
Company held on 15 November 2013, 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 98.75% 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.albion-ventures.co.uk) 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 AATG in consideration for the
issue of new ordinary shares of 1 penny each ("AATG Shares"). The total
number of AATG Shares issued to the Company's shareholders was
33,664,049, at a deemed issue price of 83.38p per share (on a ratio of
0.7813 AATG Shares for each share in the Company).
Application will shortly be made for all the AATG 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 18 November
2013. CREST accounts are also expected to be credited on 18 November
2013.
As part of the Scheme, the suspension of the listing of the Company's
shares took place at 7.30 a.m. today (15 November 2013) and the
cancellation of the Company's shares will take place from the
commencement of trading on 13 December 2013.
For further enquiries please contact:
Albion Ventures LLP
Patrick Reeve/Henry Stanford
Telephone: 020 7601 1850
This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the
information contained therein.
Source: Albion Income & Growth VCT PLC via Thomson Reuters ONE
HUG#1743603
http://www.closeventures.co.uk/
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