Conversion of Securities
30 April 2009 - 7:25PM
UK Regulatory
TIDMNEP TIDMNEPC
RNS Number : 4646R
Neptune-Calculus Income &Growth VCT
30 April 2009
Neptune-Calculus Income and Growth VCT plc (the "Company")
Conversion of C ordinary shares into ordinary shares
As set out in the prospectus dated 5 October 2005, relating to the issue of the
C ordinary shares of 10p each in the Company ("C shares") the C shares convert
into ordinary shares of 10p each in the Company ("Ordinary shares") on 30 April
2009. The net asset values at 31 December 2008 formed the basis for calculating
the conversion ratio for converting the C shares to Ordinary shares. C
shareholders are receiving 0.9457 of an Ordinary share for each C share owned on
30 April 2009.
8,300,185 new Ordinary shares, which rank pari passu with the existing Ordinary
shares, are being issued, arising from the conversion of the C shares, bringing
the total number of Ordinary shares in issue to 12,400,991. Application has been
made for the 8,300,185 new Ordinary shares to be admitted to the Official List
and to trading on the London Stock Exchange. It is expected that admission of
the new Ordinary shares to the official list and to trading on the London Stock
Exchange will be effective on 1 May 2009 and that the listing of all of the
8,776,764 C shares will be cancelled with effect from 1 May 2009 following
conversion.
The share certificates for the Ordinary shares arising on conversion will be
posted to shareholders by 14 May 2009.
Lesley Watkins
Company Secretary
0207 518 8052
This information is provided by RNS
The company news service from the London Stock Exchange
END
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