OEC3 Octopus Ecl.3

 
TIDMOEC3 
 
Octopus Eclipse VCT 3 plc ("Company") 
 
GM and Merger Result 
 
31 October 2012 
 
This  announcement  is  made  by  Octopus  Eclipse  VCT 3 plc ("the Company") in 
connection  with  the  merger  of  the  Company  with  Octopus  Eclipse  VCT plc 
("Eclipse")  to be completed by way of a scheme of reconstruction of the Company 
pursuant  to  Section  110 of  the  Insolvency  Act 1986 and the transfer by the 
Company  of all of its assets and  liabilities to Eclipse ("Scheme"), details of 
which  were  contained  in  Eclipse's  prospectus  ("the  Prospectus")  and  the 
Company's  circular  to  shareholders  ("the  Circular") both dated 28 September 
2012. 
 
The board is pleased to announce that at the general meeting of the Company held 
on  31 October  2012, 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 
99.54% 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.octopusinvestments.com) 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 Eclipse  in consideration for  the issue of new ordinary 
shares  of  10p each  in  the  capital  of Eclipse ("Eclipse Shares"). The total 
number of Eclipse Shares issued to the Company's shareholders was 26,118,641, at 
a deemed issue price of 38.0726p per share (on a ratio of 1.027116). 
 
The  board is also pleased to confirm that  the merger of Octopus Eclipse VCT 2 
plc  and  Octopus  Eclipse  VCT  4 plc  with  Eclipse, as further set out in the 
Prospectus and the Circular, has also taken effect today. 
 
Application  will shortly be made for all  of the Eclipse Shares issued pursuant 
to  the Scheme 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 1 November 2012. CREST accounts are 
also expected to be credited on 1 November 2012. 
 
As  part of the  Scheme, the suspension  of the listing  of the Company's shares 
took  place at  7.30 a.m. today  (31 October  2012) and the  cancellation of the 
Company's shares will take place from the commencement of trading on 29 November 
2012. 
 
For further enquiries please contact: 
 
Octopus Investments Limited 
Patricia Standaloft 
Telephone: 0207 710 6471 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Octopus Eclipse VCT 3 plc via Thomson Reuters ONE 
[HUG#1654163] 
 

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