The various OT VCT meeting to approve the merger were held on Tuesday and all resolutions were approved with 97%+ in favour on a reasonably high turnout:
OT2:
https://www.investegate.co.uk/oxford-te ... 5235H0106/The Board of Oxford Technology 2 VCT Plc (OT2) is pleased to announce that all of the resolutions proposed at the General Meeting held today, 20 June 2022, were duly passed on a show of hands.
Shareholders of OT2 have now passed all the resolutions to enable the Merger, the issue of Consideration Shares and Leisure Shares, as set out in the Circular dated 18 May 2022. The Board of OT2 notes that the shareholders of each of Oxford Technology VCT Plc (OT1), Oxford Technology 3 VCT Plc (OT3) and Oxford Technology 4 VCT Plc (OT4) have also today approved the resolutions to enable the merger of their companies with OT2. Provided OT1, OT3 and OT4 shareholders also approve the placing of OT1, OT3 and OT4 into Members Voluntary Liquidation at the Second General Meetings of their companies on 30 June 2022, it is expected that the Merger will complete on the same day. Admission of and dealings in Consideration Shares is expected to be 1 July 2022 when OT2 will have four separate share classes, the Ordinary Shares representing the pool of assets linked to the existing OT2 share pool, and 3 new share pools incorporating the assets and liabilities transferred from OT1, OT3 and OT4. A further announcement will be made at that time.
OT1:
https://www.investegate.co.uk/oxford-te ... 3753H0099/The Board of Oxford Technology VCT Plc (OT1) is pleased to announce that the resolution to approve the OT1 Scheme proposed at the First General Meeting held today, 20 June 2022, was duly passed on a show of hands.
The Board of OT1 notes that the shareholders of each of Oxford Technology 3 VCT Plc (OT3) and Oxford Technology 4 VCT Plc (OT4) have also approved the resolutions to enable the merger of their companies with OT2, and shareholders of OT2 have now passed all the resolutions to enable the issue of Consideration Shares and Leisure Shares, as set out in the Circular dated 18 May 2022. Provided shareholders of OT1 also approve the placing of OT1 into Members Voluntary Liquidation at the Second General Meeting on 30 June 2022, it is expected that the Merger of OT1 and OT2 will complete on the same day, at which time the assets and liabilities of OT1 will be transferred to OT2 in exchange for New OT1 Consideration Shares. Provided the OT3 and OT4 shareholders also approve the placing of their companies into Members Voluntary Liquidation at the Second General Meetings of their companies on 30 June 2022, it Is expected that the full Merger will complete on the same day. Admission of and dealings in Consideration Shares is expected to be 1 July 2022 when OT2 will have four separate share classes, the Ordinary Shares representing the pool of assets linked to the existing OT2 share pool, and 3 new share pools incorporating the assets and liabilities transferred from OT1, OT3 and OT4. A further announcement will be made at that time.
Announcements for OT3 and OT4 were along similar lines to the OT1 announcement
OT3:
https://www.investegate.co.uk/oxford-te ... 4618H0101/OT4:
https://www.investegate.co.uk/oxford-te ... 4829H0102/One thing which did surprised me was the low number of dissenting shareholders for OT1, OT3 and OT4, as there was an opportunity for any dissenting shareholder to exit at a fairly modest discount to NAV/share which would certainly have been higher than the prevailing market bid price, with the proviso that the resolutions had to be passed with the required majorities