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23 Sep 2014 09:41
Maven Income and Growth VCT 4 PLC
Share Consolidation
The Board advised, in the recent half-yearly report, the intention to complete the consolidation of the C Shares into the Ordinary Shares.
Shareholders will recall that, at the time the Company completed the merger with Ortus VCT PLC in 2013, it was agreed that the common assets be merged into the Ordinary Share pool and, in view of the high value of several of the legacy Ortus VCT PLC investments, that these be segregated into a new C Share pool, which would be managed separately for a period of up to two years. The C Shares would then be consolidated into the Ordinary Shares on a relative net asset basis (as provided for in the articles of association as amended at the time of the merger).
As the C Shares pool investments have now been materially realised and the proceeds reinvested alongside the Ordinary Shares pool, the Board has decided to accelerate the consolidation of the C Shares into the Ordinary Shares (as provided for in the articles of association) and create a single class of shares.
It is the intention to effect the share consolidation on or about 30 September 2014.
For further information, please contact:
Maven Capital Partners UK LLP
Tel: 0141 306 7400
Issued on behalf of the Board
Maven Capital Partners UK LLP, Secretary
23 September 2014
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