TIDMMAV4 TIDMTTM
RNS Number : 9484T
Maven Income & Growth VCT 4 PLC
18 October 2017
Maven Income and Growth VCT 4 PLC (the Company) - Statement re
Listing Application
The issuer advises that the following replaces the Maven Income
and Growth VCT 4 PLC - Statement re Listing Application
announcement released at 14:49 BST on 17 October 2017.
The details under the first bullet point should be:
-- Resolution 1 to: (i) authorise the directors to allot 804,028
new S ordinary shares pursuant to the share consolidation; (ii)
redesignate 6,068,474 S ordinary shares of 10p each ("S Shares") as
an ordinary share of 10p each ("Ordinary Shares") and (iii) amend
the articles of association of the Company to remove any reference
to S Shares as a separate class of shares - 97.59% of proxy votes
received being in favour (or at the chairman's discretion);
The second paragraph under "Share Consolidation" should
read:
Pursuant to Resolution 1 which was passed at the general
meeting, immediately following the admission of such new S Shares
to the Official List, all 6,068,474 of the S Shares then in issue
in the capital of the Company will be redesignated as Ordinary
Shares on a ratio of one to one. As a result, following completion
of the Share Consolidation, holders of S Shares will hold 1.1528
Ordinary Shares for every S Share held on the record date for the
Share Consolidation.
All other details remain unchanged.
The full amended version is shown below
Maven Income and Growth VCT 4 PLC (the Company) - Statement re
Listing Application
The Announcement below was originally released on 26 March 2013,
however admission did not take place. The shares will now formally
be admitted on 19 October 2017.
Maven Income and Growth VCT 4 PLC
Results of Shareholder Meetings and Share Capital
Consolidation
26 March 2013
This announcement is made by Maven Income and Growth VCT 4 PLC
("the Company") in connection with (i) the proposed consolidation
of its share capital ("Share Consolidation") and (ii) the proposed
merger of the Company with Ortus VCT PLC ("Ortus"), which will be
completed pursuant to a scheme of reconstruction under Section 110
of the Insolvency Act 1986 whereby Ortus will transfer all of its
assets and liabilities to the Company in consideration of shares
being issued by the Company ("the Scheme"), details of which were
contained in the Company's circular to shareholders ("Circular")
and prospectus ("Prospectus") both dated 1 March 2013.
Results of the General Meeting and Class Meetings
The Board is pleased to announce that at the general meeting and
class meetings of the Company held on 26 March 2013, the
resolutions proposed in connection with the Share Consolidation and
the Scheme and other matters, as set out in the Circular, were duly
passed on a show of hands.
Details of the resolutions passed at the general meeting are as
follows:
-- Resolution 1 to: (i) authorise the directors to allot 804,028
shares pursuant to the share consolidation; (ii) redesignate
6,068,474 S ordinary shares of 10p each ("S Shares") as an ordinary
share of 10p each ("Ordinary Shares") and (iii) amend the articles
of association of the Company to remove any reference to S Shares
as a separate class of shares - 97.59% of proxy votes received
being in favour (or at the chairman's discretion);
-- Resolution 2 to: (i) approve the acquisition of all of the
assets and liabilities of Ortus VCT PLC; (ii) amend the articles of
association of the Company to provide for the rights attaching to,
and the conversion of, C ordinary shares; (iii) authorise the
directors to allot shares pursuant to the Scheme and (iv) authorise
the buyback of deferred shares - 96.49% of proxy votes received
being in favour (or at the chairman's discretion);
-- Resolution 3 to approve a change to the investment policy as
detailed in Part V of the Circular - 98.91% of proxy votes received
being in favour (or at the chairman's discretion);
-- Resolution 4 to: (i) authorise the directors to allot shares;
(ii) disapply pre-emption rights and (iii) authorise the Company to
make market purchases of shares - 98.74% of proxy votes received
being in favour (or at the chairman's discretion);
-- Resolution 5 to: (i) authorise the cancellation of the amount
standing to the credit of the share premium account as at the date
an order is made the court and (ii) authorise the cancellation of
the amount standing to the credit of the capital redemption reserve
as at the date an order is made the court - 100% of proxy votes
received being in favour (or at the chairman's discretion).
The resolutions passed at the Ordinary Share class meeting
approved the passing of Resolution 1 and 2 at the general meeting
and sanction any modification of the rights of the Ordinary Shares
resulting therefrom - 97.06% and 97.06% of proxy votes received
being in favour (or at the chairman's discretion),
respectively.
The resolutions passed at the S Share class meeting approved the
passing of Resolution 1 and 2 at the general meeting and sanction
any modification of the rights of the S Shares resulting therefrom
- 81.80% and 81.80% of proxy votes received being in favour (or at
the chairman's discretion), respectively.
A copy of the resolutions passed at the meetings will shortly be
available for inspection on both the Company's website
(www.mavencp.com) as well as at the National Storage Mechanism
(www.morningstar.co.uk/uk/NSM).
Share Consolidation
Pursuant to the Share Consolidation, 804,028 new S Shares have
been issued today to the holders of S Shares on the Company's
register on 25 March 2013 (this being the record date for the Share
Consolidation). Application has been made to the UK Listing
Authority for such shares to be admitted to the premium segment of
the Official List, which is expected to take place on 27 March
2013.
Pursuant to Resolution 1 which was passed at the general
meeting, immediately following the admission of such new S Shares
to the Official List, all 6,068,474 of the S Shares then in issue
in the capital of the Company will be redesignated as Ordinary
Shares on a ratio of one to one. As a result, following completion
of the Share Consolidation, holders of S Shares will hold 1.1528
Ordinary Shares for every S Share held on the record date for the
Share Consolidation.
Applications will be made to the UK Listing Authority and London
Stock Exchange in connection with the listing and admission of the
new Ordinary Shares resulting from the Share Consolidation (and
cancellation of the S Shares listing) which is expected to take
effect on 28 March 2013. CREST accounts of shareholders who hold
their Shares in CREST are expected to be updated and re-credited by
28 March 2013, with replacement share certificates dispatched to
those who hold their share in certificated form expected to take
place on 10 April 2013.
Following completion of the Share Consolidation, 15,225,880
Shares will be in issue. Therefore, the total number of voting
rights in the Company will be 15,225,880, which may be used by
shareholders as the denominator for the calculations by which they
will determine if they are required to notify their interest in, or
change to their interest in, the Company under the FSA's Disclosure
and Transparency Rules.
Please note, as a result of subsequent share issues and
buy-backs, the Company confirms that its issued share capital as at
17 October 2017 comprises 32,704,925 Ordinary Shares, with each
share carrying one voting right.
For further enquiries please contact:
Maven Capital Partners UK LLP
0141 306 7400
enquries@mavencp.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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