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21 May 2010 07:00
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21 May 2010
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BPC Limited
("BPC" or the "Company")
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Proposed Re-domicile to Isle of Man
Result of Court Meeting and Extraordinary General Meeting
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The board of BPC announces that, further to its announcement of 26 April 2010 relating to the proposed re-domicile of the group's holding company from the Falklands Islands to the Isle of Man by way of a Scheme of Arrangement (the "Scheme"), the Court Meeting and Extraordinary General Meeting ("EGM") were held yesterday with the following results:
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Β·; At the Court Meeting, shareholders approved without modification the Scheme as more particularly set out in the circular sent to shareholders on 26 April 2010 (the "Circular").
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Β·; At the EGM, which followed the Court Meeting, shareholders passed a special resolution approving certain matters relating to the implementation of the Scheme, as more fully set out in the Circular.
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The Scheme will now be heard by the Supreme Court of the Falkland Islands, which is currently set to be heard before the Chief Justice on 11 June 2010.
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The timetable of events (which remains subject to change) is expected to be as follows:
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Β·; Hearing before Supreme Court of the Falkland Islands: 11 June 2010
Β·; Effective Date for Scheme: 15 June 2010
Β·; Scheme Record Time: 6.00pm on 15 June 2010
Β·; Cancellation of BPC Limited listing on AIM: 8.00 am on 15 June 2010
Β·; First day of trading of BPC Plc on AIM: 16 June 2010
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Capitalised terms in this announcement carry the same meaning as ascribed to them in the Circular.
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Enquiries:
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BPC Limited Alan Burns, Chairman and CEO Dr Paul Crevello, Chief Operating Officer Β |
Β Tel: +44 (0) 1624 64 1199 Tel: +1 720 771 7583 |
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Strand Hanson Limited Rory Murphy / Liam Buswell Β |
Β Tel: +44 (0) 20 7409 3494 |
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Novus Capital Markets Ltd Charles Goodfellow / David Rae Β |
Β Tel: +44 (0) 20 7107 1872 |
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FirstEnergy Capital LLP Richard Hail / Derek Smith Β |
Β Tel: +44 (0) 20 7448 0200 |
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Financial Dynamics Billy Clegg / Ed Westropp |
Β Tel: +44 (0) 20 7831 3113 |
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