Calculus VCT PLC Statement re Share Class Merger (9346L)
25 July 2017 - 1:23AM
UK Regulatory
TIDMCLC
RNS Number : 9346L
Calculus VCT PLC
24 July 2017
Calculus VCT plc
24 July 2017
Share Class Merger
As set out in the annual report and approved by shareholders in
November 2015, the Ordinary and C shares on which dividends of
84.05 and 73.1 pence per share respectively have been paid out will
be converted into D shares. The adjusted net asset values ("NAV")
of the Ordinary, C and D shares at 28 February 2017 form the basis
for calculating the conversion ratio for the conversion of the
Ordinary and C shares into D shares. The calculation is set out
below:
Ordinary C shares D shares (p)
Shares (p) (p) entitled to the
GB00B631ZQ22 GB00B3RNDW55 dividend
GB00BYQPF348
------------- -------------- -------------- -----------------
28 February
2017 NAV 20.63 26.02 94.52
------------- -------------- -------------- -----------------
Dividend
adjustment (7.00) (3.00) -
------------- -------------- -------------- -----------------
Adjusted
NAV 13.63 23.02 94.52
------------- -------------- -------------- -----------------
Conversion
ratio 0.1442 X 0.2435 X
------------- -------------- -------------- -----------------
The calculation date for the share class merger will be 31 July
2017. The newly merged D share class will subsequently be renamed
the Ordinary share class. A further RNS will be released when the
merger has taken place, on 1 August 2017.
Calculus Capital
Company Secretary
This information is provided by RNS
The company news service from the London Stock Exchange
END
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