Statement re Merger
January 29 2010 - 8:03AM
UK Regulatory
TIDMAQT2 TIDMAQ2C TIDMAQT1
RNS Number : 3618G
Acuity VCT 2 PLC
29 January 2010
ACUITY VCT 2 PLC (the "Company")
Merger Update and Change of Company Name
29 January 2010
This announcement is made by the Company in connection with the scheme of
reconstruction in relation to the merger of Acuity VCT Plc ("Acuity 1") with the
Company (the "Scheme"), details of which were contained in the Company's
prospectus (the "Prospectus") and circular to shareholders (the "Circular") both
dated 21 December 2009.
The board of directors of the Company is pleased to advise that the resolution
proposed at the general meeting of Acuity 1 held today was duly passed to be
able to implement the Scheme and effect the merger. By way of implementation of
the Scheme, the assets and liabilities of Acuity 1 have been transferred to the
Company, in consideration for the issue of ordinary shares of 1 pence each in
the capital of the Company (the "Shares"), as set out below.
The total number of Shares issued to Acuity 1 shareholders in connection with
the Scheme was 22,424,733.
Application will shortly be made for all the Shares issued 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 3 February 2010.
On the Scheme taking effect, the name of the Company has been changed from
Acuity VCT 2 Plc to Acuity Growth VCT Plc.
For further enquiries please contact:
Mark Speeks/Nick Ross
Acuity Capital Management Limited
Company Secretary
Telephone: (020) 7306 3901
This information is provided by RNS
The company news service from the London Stock Exchange
END
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