Amati VCT 2 plc Merger (2241N)
May 04 2018 - 10:22AM
UK Regulatory
TIDMAT2 TIDMATI
RNS Number : 2241N
Amati VCT 2 plc
04 May 2018
AMATI VCT PLC AND AMATI VCT 2 PLC
MERGER ANNOUNCEMENT
As announced earlier today, the shareholders of Amati VCT plc
voted to approve the final steps required to merge with Amati VCT 2
plc earlier today. The merger is therefore unconditional and Amati
VCT plc is now in voluntary liquidation.
Amati VCT 2 plc has been renamed Amati AIM VCT plc with effect
from today as elected by shareholders.
As envisaged in the joint shareholder circular published on 9
March 2018 (the "Circular"), Amati AIM VCT plc has today issued
41,231,436 new ordinary shares to the shareholders of Amati VCT plc
in return for the transfer to Amati AIM VCT plc of the assets and
liabilities of Amati VCT plc. The respective net asset values of
the companies were calculated in accordance with the formula set
out in the Circular (i.e. a like for like basis) resulting in a
rollover ratio of 5.98787 shares in Amati AIM VCT plc being issued
for each 10 shares in Amati VCT plc, rounded down to the nearest
whole share. Following the issue of these new shares there will be
80,027,463 ordinary shares of Amati AIM VCT plc in issue.
As Amati VCT plc is now in liquidation, the listing on the
UKLA's official list and admission to trading on the LSE's main
market will be cancelled, expected to be effective at 8.00am on 8
May 2018.
As anticipated, Julian Avery has stepped down from the board of
directors and Peter Lawrence, Julia Henderson and Brian Scouler
have joined the board of Amati AIM VCT plc.
Share certificates in respect of New Shares issued in
certificated form are expected to be sent to Shareholders of Amati
VCT plc during the week commencing 14 May 2018.
For further information, please contact Doreen Nic on 0131
5107465 or email info@amatiglobal.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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