Clerkenwell Ventures announces that it has received High Court approval for the Reduction of Capital. This approval means for every Ordinary Share held at the Record Date a Shareholder will receive 32.1 pence in cash. This amount is expected to be paid out during the week commencing 9 March.
The final step of the Proposals is the Consolidation and this will take effect so that at 8.00am, on Monday, 9 March 2009 the New Ordinary Shares will be admitted to trading on AIM, under ticker code CRK, and with a new ISIN: GB00B3L0Q783.
All capitalised terms in this announcement have the meanings set out in the Company's Circular dated 9 January 2009.