Ventus 2 VCT PLC Company update (8682T)
July 23 2015 - 3:18AM
UK Regulatory
TIDMVEN2
RNS Number : 8682T
Ventus 2 VCT PLC
23 July 2015
Ventus 2 VCT plc (the "Company")
Company update
In its Annual Report and Financial Statements for the year ended
28 February 2015, the Company disclosed that a claim had been filed
against the Company under a warranty in the Share Purchase
Agreement pertaining to the sale of an investee company previously
owned by the Company. The disclosure stated that the Company was
vigorously defending the claim, that no provision had been made in
the accounts and that the Directors did not expect the outcome to
have a material impact on the Company's accounts.
The Directors are pleased to report that the claim in question
has now been settled with an immaterial impact on the Company's net
asset value. The settlement specifies that the deferred
consideration due to the Company pursuant to the sale in question
will now be due by 31 December 2016 at the latest. The deferred
consideration continues to accrue interest and will be revalued in
line with the Company's accounting policy in the accounts as at 31
August 2015.
For further information please contact The City Partnership (UK)
Limited on 0131 243 7210.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCRJMRTMBBTMRA
Ventus 2 Vct (LSE:VEN2)
Historical Stock Chart
From May 2024 to Jun 2024
Ventus 2 Vct (LSE:VEN2)
Historical Stock Chart
From Jun 2023 to Jun 2024