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Kings Arms Yard VCT 2 PLC (KAY2)

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Friday 30 September, 2011

Kings Arms Yard VCT 2 PLC

General Meeting and Merger Result

Kings Arms Yard VCT 2 PLC ("Company")

General Meeting and Merger Result

30 September 2011

This announcement is made by Kings Arms Yard VCT 2 PLC ("the Company") in
connection with the merger of the Company with Kings Arms Yard VCT PLC ("KAY")
to be completed by way of a scheme of reconstruction of the Company pursuant to
Section 110 of the Insolvency Act 1986 ("the Scheme") and the transfer by the
Company of all of its assets and liabilities to KAY, details of which were
contained in KAY's prospectus ("the Prospectus") and the Company's circular to
shareholders ("the Circular") both dated 25 August 2011.

The Board is pleased to announce that at the general meeting of the Company held
on 30 September 2011, 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 show of hands and with
96.71% of proxy votes received being in favour (or at the chairman's

A copy of the resolution passed at the above meeting will shortly be available
for inspection on both the Company's website ( as well
as at the National Storage Mechanism (

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 KAY in consideration for the issue of new ordinary shares
of 5p each in the capital of KAY ("KAY Shares"). The total number of KAY Shares
issued to the Company's shareholders was 99,050,205, at a deemed issue price of
16.5349p per share (on a ratio of 1.2806).

Application will shortly be made for all the KAY 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 3 October 2011. CREST accounts are also
expected to be credited on 3 October 2011.

As part of the Scheme, the suspension of the listing of the Company's shares
took place at 7.30 a.m. today (30 September 2011) and the cancellation of the
Company's shares will take place from the commencement of trading on 3 October

For further enquiries please contact:

Albion Ventures LLP
Patrick Reeve/Robert Whitby-Smith
Telephone: 0207 601 1850

This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
Source: Kings Arms Yard VCT 2 PLC via Thomson Reuters ONE