21st Dec 2009 17:07
Edge Performance VCT plc
21 December 2009
Conversion of Ordinary Shares into Deferred Shares
The Board of Edge Performance VCT plc announces the conversion of the Ordinary Shares of 10p each into Deferred Shares of 10p each.
The Ordinary Shares were issued by way of an offer for subscription launched in February 2006 and the funds raised have been managed as a separate pool of assets from those attributed to other shares in the Company. The 6,400,640 Ordinary Shares will convert into 6,400,640 Deferred Shares and will then be purchased by the Company in accordance with the Company's Articles of Association for an aggregate consideration of 1p for every 1,000,000 Deferred Shares and cancelled.
The conversion is in accordance with the Articles of Association of the Company, by reference to a conversion formula based on the relative net assets of the Company on 30 November 2009, being the Calculation Date.
Accordingly the directors announce the issue of 6,400,640 Deferred Shares, which Deferred Shares have been purchased by the Company in accordance with the Company's Articles of Association for an aggregate consideration of 6p and cancelled.
Application will be made for a cancellation of the admission of the Ordinary Shares to the Official List and of the trading of the Ordinary Shares on the London Stock Exchange's market for listed securities.
For further information, please contact:
Robin Smeaton, 0131 243 7210.
Related Shares:
EDG.L