Last checked at 18 May 2012 13:38
BLUE PLANET FINANCIALS GROWTH & INCOME INVESTMENT TRUSTS NOs (1-10) PLC
Result of General Meeting and Merger Completion
18 May 2012
This announcement is made by Blue Planet Financials Growth & Income Investment Trusts Nos (1 - 10) plc (each a "G&I Trust" and together "G&I") in connection with the proposed merger of G&I with Blue Planet International Financials Investment Trust plc ("International") and Blue Planet Worldwide Financials Investment Trust plc ("Worldwide") to be completed pursuant to schemes of reconstruction under Section 110 of the Insolvency Act 1986 ("Schemes") whereby G&I and Worldwide will be placed in members' voluntary liquidations and will transfer all of their assets and liabilities to International, details of which were contained in the G&I circular to shareholders ("the Circular") dated 26 March 2012.
The board is pleased to announce that at the general meetings of each G&I Trust held on 18 May 2012, the resolutions to approve each G&I Trust being placed in liquidation, appoint the liquidators and cancel the listing of each G&I Trust's shares, as set out in the Circular, was duly passed on a show of hands and, in aggregate, with approximately 6,638,415 (99.8%) of proxy votes received being in favour (or at the chairman's discretion).
A copy of the resolutions passed at the above meetings will shortly be available for inspection at the National Storage Mechanism (www.hemscott.com/ nsm.do) and a copy of this announcement will also be uploaded on to G&I's website (www.blueplanet.eu).
As the G&I Board advised shareholders on 11 May 2012, the merger is subject to the passing of a resolution by International shareholders at a general meeting which is expected to be convened on or around 13 June 2012. This resolution will approve the restructuring of International's share capital and split each of its 50p ordinary shares into a 1p ordinary share and a 49p deferred share. In the interim, therefore, G&I's liquidators have appointed Blue Planet Investment Management Ltd to continue to manage G&I's assets.
As part of the Schemes, the suspension of the listing of each G&I Trust's shares took place at 7.30am on 27 April 2012 and the cancellation of the listing of each G&I Trust's shares is expected to take place from the commencement of trading on 20 June 2012.
For further enquiries please contact:
Blue Planet Investment Advisers LtdCompany SecretaryTelephone: 0131 466 6666Email: info@bpia.eu