Rensburg AIM VCT plc merges with Unicorn AIM VCT plcPrint news article
Walker Morris LLP has acted for Rensburg Aim VCT plc (RAVCT) in relation to its tender offer and its subsequent merger with Unicorn AIM VCT plc (UAVCT) by way of a scheme of reconstruction.
All of the current shareholders of RAVCT have been allotted shares in UAVCT in consideration for the merger. Walker Morris LLP has acted for RAVCT since it was incorporated as a Venture Capital Trust in 1998 with the purpose of investing in unlisted companies including those trading on AIM.
Barry Anysz, a director of RAVCT and Divisional Director of its investment manager Investec Wealth& Investment Ltd commented: “This transaction was one of the most complicated and long running I have dealt with in my long career. Without the advice and support of the team from Walker Morris it is doubtful if it would have been completed successfully, on time and on budget.”