Conversion of Securities

RNS Number : 7986M

Calculus VCT PLC

01 August 2017

 

Calculus VCT plc

1 August 2017

Share Class Merger Update

Further to the announcement of 24 July 2017, presented below is the proposed share class merger timetable.

SHARE CLASS MERGER TIMETABLE

EVENT	DATE
Record Date for calculating allocation	31 July 2017
Date of conversion	1 August 2017
Application for admission to trading of additional D Shares and cancellation of Ordinary Share and C Share class	31 July 2017
Expected date of cancellation of listing of Ordinary Share and C Share class	3 August 2017
Expected date of admission to trading of converted D Shares	3 August 2017
Name of consolidated D Shares changed to "Ordinary Shares"	7 August 2017
Posting of Ordinary Share certificates	By 15 August 2017

Accordingly, as of today the issued share capital and total voting rights of the Company comprises:

Prior to share class merger	Ordinary shares in issue (each holding one voting right) GB00B631ZQ22	C shares in issue (each holding one voting right) GB00B3RNDW55	D shares (each holding one voting right) eligible for dividend in 2017 (to be renamed Ordinary shares post merger) GB00BYQPF348	D shares (each holding one voting right) not eligible for dividend in 2017  (to be renamed Ordinary shares post merger) GB00BDD9H811	TOTAL
	4,738,463	1,931,095	3,813,555	3,858,952	14,342,065
Conversion ratio	0.1442X	0.2435X
Post share class merger	D shares (each holding one voting right) eligible for dividend in 2017 (to be renamed Ordinary shares post merger) GB00BYQPF348	D shares (each holding one voting right) eligible for dividend in 2017 (to be renamed Ordinary shares post merger) GB00BYQPF348	D shares (each holding one voting right) eligible for dividend in 2017 (to be renamed Ordinary shares post merger) GB00BYQPF348	D shares (each holding one voting right) not eligible for dividend in 2017  (to be renamed Ordinary shares post merger) GB00BDD9H811
	683,243	470,197	3,813,555	3,858,952	8,825,947

Applications have been made to the UK Listing Authority and the London Stock Exchange to update the listing records for the D Shares and to effect the cancellation of the listing of the old ordinary share and C shares classes. This is expected to become effective on 3 August 2017. Accordingly, the newly merged D share class is being renamed the Ordinary Share class. All shareholders will therefore hold Ordinary Shares.

The deferred shares created by the merger process will be bought back and cancelled by the Company in due course for the aggregate sum of 1 penny.

Shareholders will receive their share certificate for the Ordinary Shares arising on conversion of their Ordinary, C Shares and D shares by 15 August 2017.

Calculus Capital Limited

Company Secretary

 

END

 

 

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