Crown Place Regulatory News (CRWN)

13 Jan 2006 14:44

Crown Place VCT PLC13 January 2006 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN OR INTOAUSTRALIA, CANADA, JAPAN, OR THE UNITED STATES OF AMERICA. THIS ANNOUNCEMENTDOES NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL, PURCHASE, EXCHANGE ORSUBSCRIBE FOR ANY SECURITIES OR SOLICITATION OF SUCH AN OFFER IN THE UNITEDSTATES OF AMERICA OR ANY OTHER JURISDICTION. THE SECURITIES REFERRED TO IN THISANNOUNCEMENT HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATESSECURITIES ACT OF 1933, AS AMENDED, AND WILL NOT BE OFFERED OR SOLD IN THEUNITED STATES EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM REGISTRATION 13 January 2006 Crown Place VCT PLC (formerly Murray VCT 3 PLC) ("the Company")Completion of Merger Merger Effective Further to the announcements made by the Company, Murray VCT PLC and Murray VCT2 PLC on 12 January 2006, the Directors are pleased to announce that, followingsatisfaction of all conditions of the Merger, the Merger becomes effectivetoday. The New Shares have been admitted to the Official List and dealings inthe New Shares commenced on the London Stock Exchange's market for listedsecurities at 8:00 am today. Following the Merger, the aggregate number of VCT 3 Shares in issue is86,099,873 (including 3,702,781 held in Treasury). CREST accounts in respect of New Shares issued to former holders of VCT Sharesand VCT 2 Shares are expected to be credited today and certificates in respectof New Shares in certificated form are expected to be dispatched by 27 January2006. Name Change The change in the name of Murray VCT 3 PLC to "Crown Place VCT PLC" has becomeeffective and the Company's ticker symbol is "CRWN". Changes to the Board Each of Peter Timms, James Cooper and Alexander Mair has resigned as a directorof the Company. Andrew Cubie will remain on the Board of the Company. Each ofPatrick Crosthwaite, Vikram Lall, Rachel Beagles and Geoffrey Vero has beenappointed as a non-executive director of the Company with immediate effect Mr.Crosthwaite has been appointed as chairman. Further details relating to theDirectors can be found in the Prospectus sent to shareholders on 18 November2005. Amendments to Management Agreement The amendments to the Management Agreement detailed in the Company's Circulardated 18 November 2005 (the "Circular") have today become effective. The definitions set out on pages 6 to 9 of the Circular shall, unless thecontext requires otherwise, bear the same meanings in this announcement. Enquiries Patrick Reeve 020 7422 7830Emil Gigov 020 7422 7830Close Venture Management Limited Todd Nugent 0131 266 7011Noble Grossart Limited, financial advisers to the Company John West 020 7920 3150Clemmie CarrTavistock Communications The directors of the Company accept responsibility for the information relatingto the Company and its directors in this document. To the best of the knowledgeand belief of such directors (who have taken all reasonable care to ensure thatsuch is the case), the information relating to the Company and its directorscontained in this document, for which they are solely responsible, is inaccordance with the facts and does not omit anything likely to affect the importof such information. Noble Grossart Limited is acting exclusively for the Company and for no one elsein connection with the matters described herein and will not be responsible toanyone other than the Company for providing the protections afforded to clientsof Noble Grossart Limited nor for providing advice in relation to the mattersdescribed herein. Details of the current and past directorships and partnerships of PatrickCrosthwaite are as follows: Present directorships and Past directorships and partnerships:partnerships Tonbridge Services Limited Carr Sheppards Crosthwaite LimitedTonbridge School Bell Nominees LimitedSt. Augustine's Chapel Charity HCL Nominees Limited Mayflower Management Company Limited R. & R. Nominees Limited Tudor Nominees Limited Henderson Crosthwaite Holdings Limited Henderson Crosthwaite (Old) Limited Henderson Crosthwaite Trustees Limited Fenn Nominees Limited Gerrard Investment Management Limited Details of the current and past directorships and partnerships of Rachel Beaglesare as follows: Present directorships and partnerships Past directorships and partnerships: Business and Education London South -Newlon Housing Trust Details of the current and past directorships and partnerships of Geoffrey Veroare as follows: Present directorships and partnerships Past directorships and partnerships: Govern Finance Limited Thos. Storey (Engineers) LimitedWestcane Limited Kennford Properties LimitedMill Hill School Foundation Beaumont Industries Limited*Mill Hill School Enterprises EURAC LimitedNumis Corporation PLC Optoplast LimitedAkers Biosciences, Inc ABN AMRO Capital LimitedEPIC Reconstruction plc Chamberlain Plastics Limited CAL Group Limited CAL Group Services Limited Medihealth Limited OLD CAL Limited ABN AMRO Quoted Investments (UK) Limited Modular Stock Limited Numis Securities Limited This information is provided by RNS The company news service from the London Stock Exchange