TIDMORT

RNS Number : 4827B

Ortus VCT PLC

03 April 2013

Ortus VCT PLC ("Company")

GM and Merger Result

3 April 2013

This announcement is made by Ortus VCT PLC ("the Company") in connection with the merger of the Company with Maven Income & Growth VCT 4 PLC ("MIG 4") to be completed by way of a scheme of reconstruction of the Company pursuant to Section 110 of the Insolvency Act 1986 ("Scheme") and the transfer by the Company of all of its assets and liabilities to MIG 4 ("Scheme"), details of which were contained in MIG 4's prospectus ("the Prospectus") and the Company's circular to shareholders ("the Circular") both dated 1 March 2013.

The board is pleased to announce that at the general meeting of the Company held on 3 April 2013, the resolution to approve the Company being placed in liquidation, appoint the liquidators and cancel the listing of the Company's shares, as set out in the Circular, was duly passed on a poll, with 8,095,580 votes cast being in favour and 27,231 votes cast being against. With regards to the proxy votes received, 99.66% were cast in favour (or at the Chairman's discretion).

A copy of the resolution passed at the above meeting will shortly be available for inspection on both the Company's website(www.mavencp.com) as well as at the National Storage Mechanism (www.morningstar.co.uk/uk/NSM ).

Accordingly, by way of implementation of the Scheme, the Company has been placed into members' voluntary liquidation and the assets and liabilities of the Company transferred to MIG 4 in consideration for the issue of new ordinary shares of 10p each ("MIG 4 Ordinary Shares") and new C ordinary shares of 10p each ("MIG 4 C Shares"), in each case in the capital of MIG 4 (together "MIG 4 Shares"). The total number of MIG 4 Ordinary Shares issued to the Company's shareholders was 6,853,086, at a deemed issue price of 94.24p per share (on a ratio of 0.189778) and total number of MIG 4 C Shares issued to the Company's shareholders was 3,968,876, at a deemed issue price of GBP1.00 per share (on a ratio of 0.109907).

Application will shortly be made for all the MIG 4 Shares issued pursuant to the Scheme to be admitted to the Official List and to trading on the main market of the London Stock Exchange. It is expected that admission will become effective and that trading will commence on 4 April 2013. CREST accounts are also expected to be credited on 4 April 2013.

As part of the Scheme, the suspension of the listing of the Company's shares took place at 7.30 a.m. today (3 April 2013) and the cancellation of the Company's shares will take place from the commencement of trading on 30 April 2013.

For further enquiries please contact:

Maven Capital Partners UK LLP

0141 306 7400

enquiries@mavencp.com

This information is provided by RNS

The company news service from the London Stock Exchange

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