14 Jun 2010 07:00
BPC Limited
("BPC" or the "Company")
Re-domicile to Isle of Man
Result of Court Hearing
The board of BPC announces that, further to the Company's announcements of 26 April 2010 and 21 May 2010, the proposal to re-domicile the group's holding company from the Falklands Islands to the Isle of Man by way of a Scheme of Arrangement (the "Scheme") was heard by the Supreme Court of the Falklands Islands before the Chief Justice on 11 June 2010.
The Court ordered that the terms of the Scheme, as more particularly set out in the circular sent to shareholders on 26 April 2010 (the "Circular"), be implemented. Accordingly, the last day of trading of BPC Limited shares is expected to be on 15 June 2010 and the new BPC Plc shares are expected to be admitted to trading on AIM on 16 June 2010.
Capitalised terms in this announcement carry the same meaning as ascribed to them in the Circular.
Enquiries:
| BPC Limited Alan Burns, Chairman and CEO Dr Paul Crevello, Chief Operating Officer
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Tel: +44 (0) 1624 64 1199 Tel: +1 720 771 7583 |
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| Strand Hanson Limited Rory Murphy / Liam Buswell
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Tel: +44 (0) 20 7409 3494 | ||
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| Novus Capital Markets Ltd Charles Goodfellow / David Rae
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Tel: +44 (0) 20 7107 1872 | ||
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| FirstEnergy Capital LLP Richard Hail / Derek Smith
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Tel: +44 (0) 20 7448 0200 | ||
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| Financial Dynamics Billy Clegg / Ed Westropp |
Tel: +44 (0) 20 7831 3113 | ||