Announcement re: DISCUSSIONS REGARDING POSSIBLE COMBINATION OF THAMES VENTURES VCT 1 PLC AND THAMES VENTURES VCT 2 PLC
26/07/2024 16:32
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THAMES VENTURES VCT 1 PLC
LEI: 213800R88MRC4Y3OIW86
THAMES VENTURES VCT 2 PLC
LEI: 21380035MV1VRYEXPR95
26 JULY 2024
DISCUSSIONS REGARDING POSSIBLE COMBINATION OF THAMES VENTURES VCT 1 PLC AND
THAMES VENTURES VCT 2 PLC
The Boards of Thames Ventures VCT 1 plc ("TV1") and Thames Ventures VCT 2 plc
("TV2") announce that they have entered into discussions regarding a possible
combination of their assets. It has been agreed that the combination, which
will be subject to approval by the shareholders of each company, will be
effected by way of a scheme of reconstruction and winding up of TV2 under
section 110 of the Insolvency Act 1986 and the associated transfer of all of
the assets of TV2 to TV1 in exchange for the issue of new ordinary shares in
TV1 (the "Scheme"). As part of the Scheme, each of the existing share
classes in TV2 would roll into the ordinary share class of TV1.
Discussions are ongoing and once the Boards of both companies agree terms,
full details of the proposed transaction will be formally announced. This is
anticipated in August/September 2024.
This announcement is for information only: no shareholder action is required
at this time.
For further information please contact:
Stephen Thayer, Foresight Group: 0203 667 8181
This announcement is not an offer to sell, or a solicitation of an offer to
acquire, securities in the United States or in any other jurisdiction in
which the same would be unlawful. Neither this announcement nor any part of it
shall form the basis of or be relied on in connection with or act as an
inducement to enter into any contract or commitment whatsoever