FTD Foresight 3

 
TIDMFTD 
 
 
   Foresight 3 VCT PLC 
 
   General Meeting and Merger Result 
 
   22 June 2017 
 
   The board of Foresight 3 VCT plc ("the Company") is pleased to announce 
the results of the general meeting of the Company held today in 
connection with the merger of the Company with Foresight 4 VCT plc 
("F4") by way of a scheme of reconstruction of the Company pursuant to 
Section 110 of the Insolvency Act 1986 whereby the Company will be 
placed in members' voluntary liquidation and all of its assets and 
liabilities transferred by the appointed liquidators to F4, details of 
which were contained in the Company's circular to shareholders 
("Circular") dated 19 May 2017. 
 
   At the general meeting of the Company, 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 98.77% 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.foresightgroup.eu), 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 F4 in consideration for the 
issue of new F4 ordinary shares of 1p each in the capital of F4 ( "F4 
Consideration Shares"). The total number of F4 Consideration Shares 
issued to the Company's shareholders was 48,337,332, at a deemed issue 
price of 72.91p per share (on a ratio of 0.8776 F4 Consideration Shares 
for each ordinary share in the Company). 
 
   Application will shortly be made for all the F4 Consideration 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 23 June 2017. CREST 
accounts are also expected to be credited on 23 June 2017. 
 
   As part of the Scheme, the suspension of the listing of the Company's 
shares took place at 7.30 a.m. today (22 June 2017) and the cancellation 
of the Company's shares will take place from the commencement of trading 
on 20 July 2017. 
 
   For further enquiries please contact: 
 
   Gary Fraser, Foresight Group: 0203 667 8100 
 
   This announcement is distributed by Nasdaq Corporate Solutions on behalf 
of Nasdaq Corporate Solutions clients. 
 
   The issuer of this announcement warrants that they are solely 
responsible for the content, accuracy and originality of the information 
contained therein. 
 
   Source: Foresight 3 VCT PLC via Globenewswire 
 
 
  http://www.foresightgroup.eu/ 
 

(END) Dow Jones Newswires

June 22, 2017 09:25 ET (13:25 GMT)

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