Members Voluntary Liquidation

 

TIDMJSP 
 
RNS Number : 7098F 
Jessops plc 
18 January 2010 
 

 
 
 
 
 
 
18 January 2010 
 
 
Recent Press speculation concerning the Members Voluntary Liquidation 
 
In the light of recent press coverage concerning the ownership of Jessops, the 
UK's leading independent high street photographic chain, the Board of Jessops 
plc would like to make it clear that Jessops plc no longer owns The Jessop Group 
Limited, which owns and trades the 213 high street shops and www.jessops.com. 
 
As set out in the announcement dated 28 September 2009, The Jessop Group Limited 
was sold to Snap Equity Limited, a private company, on that date. Since that 
date it has traded as an independent business with no relationship with Jessops 
plc. 
 
The proposed Members' Voluntary Liquidation of Jessops plc will, therefore, have 
no effect whatsoever on the trading of The Jessop Group Limited and its 213 high 
street shops, which will continue to trade independently of Jessops plc. 
 
Shareholders of Jessops plc are reminded that the final date for acceptance of 
proxy forms to vote on the proposed Members' Voluntary Liquidation ("MVL") is 
10am on Tuesday 19th January. 
 
The Board of Jessops plc would like to re-iterate its advice that voting in 
favour of the proposed MVL, as the Directors are doing in respect to their own 
shareholdings, is in the best interests of shareholders as a whole as it will 
result in the receipt of 9.7p per 100 shares owned. If shareholders do not vote 
in favour of the proposal there is no guarantee that they will receive anything 
at all. 
 
Whether or not shareholders vote in favour of the proposed MVL, The Jessop Group 
Limited will continue to operate as an independently owned business. 
 
 
 
 
For Further information please contact 
 
 
Jessops plc     Tel:  [phone] 
David Adams, Executive Chairman 
 
 
Brunswick       Tel:  [phone] 
Jonathan Glass 
David Litterick 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
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