Statement re Share Class Merger

RNS Number : 9346L

Calculus VCT PLC

24 July 2017

 

Calculus VCT plc

24 July 2017

Share Class Merger

As set out in the annual report and approved by shareholders in November 2015, the Ordinary and C shares on which dividends of 84.05 and 73.1 pence per share respectively have been paid out will be converted into D shares. The adjusted net asset values ("NAV") of the Ordinary, C and D shares at 28 February 2017 form the basis for calculating the conversion ratio for the conversion of the Ordinary and C shares into D shares. The calculation is set out below:

	Ordinary Shares (p) GB00B631ZQ22	C shares (p) GB00B3RNDW55	D shares (p) entitled to the dividend GB00BYQPF348
28 February 2017 NAV	20.63	26.02	94.52
Dividend adjustment	(7.00)	(3.00)	-
Adjusted NAV	13.63	23.02	94.52
Conversion ratio	0.1442 X	0.2435 X

The calculation date for the share class merger will be 31 July 2017. The newly merged D share class will subsequently be renamed the Ordinary share class. A further RNS will be released when the merger has taken place, on 1 August 2017.

Calculus Capital

Company Secretary

 

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