Merger of Foresight VCT plc with Keydata Income VCT 1 plc and Keydata Income VCT
2 plc ('the Keydata VCTs')
Following the announcement earlier today of the passing of the resolutions at
the second general meetings of the Keydata VCTs, all of the conditions of the
merger have been met and the transfer of the assets and liabilities of the
Keydata VCTs to Foresight VCT plc has now been effected.
As a result of the transfer of the assets and liabilities of the Keydata VCTs, a
total of 6,463,504 Ordinary Shares in Foresight VCT plc have been issued as
consideration to the shareholders of the Keydata VCTs.
The conversion ratio was 0.44232282 Foresight VCT plc Ordinary Shares for each
share held in the Keydata VCTs.
Following the completion of the merger and the scheme there are now 54,004,889
Foresight VCT plc Ordinary Shares of 1p each in issue
A further announcement effecting the reconstruction of the Ordinary Shares in
Foresight VCT plc such that the underlying NAV of the Foresight VCT plc Ordinary
Shares will be rebased to 100.0p per Ordinary Share will be made shortly.
For further information please contact:
Gary Fraser, Foresight Group: 01732 471800
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: Foresight VCT PLC via Thomson Reuters ONE
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