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BPW Blue Planet

29.50
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Blue Planet LSE:BPW London Ordinary Share GB0001524171 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 29.50 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Merger Completion

13/06/2012 1:03pm

UK Regulatory



 
TIDMBPW 
 
BLUE PLANET WORLDWIDE FINANCIALS INVESTMENT TRUST PLC 
 
Merger Completion 
 
13 June 2012 
 
This announcement is made by Blue Planet Worldwide Financials Investment Trust 
plc ("the Company") in connection with the proposed merger of the Company with 
Blue Planet International Financials Investment Trust plc ("International") and 
Blue Planet Financials Growth & Income Investment Trusts Nos (1- 10) plc ("G& 
I") to be completed pursuant to schemes of reconstruction under Section 110 of 
the Insolvency Act 1986 ("Schemes"), details of which were contained in the 
Company's circular to shareholders ("the Circular") dated 26 March 2012. 
 
As the board of the Company advised shareholders on 18 May 2012, completion of 
the merger was subject to the passing of a resolution by International 
shareholders to restructure its share capital, whereby each of its 50p ordinary 
shares would be split into a 1p ordinary share and a 49p deferred share. The 
board of directors of the Company are pleased to announce that such resolution 
was duly passed earlier today and the merger has, therefore, now completed. 
 
Accordingly, by way of implementation of the Schemes, the assets and 
liabilities of the Company have been transferred to International in 
consideration for the issue of new ordinary shares of 1 pence each in the 
capital of International ("New International Shares"). The total number of New 
International Shares issued to the Company's shareholders was 18,022,743 at a 
deemed issue price of 31.976 pence per share (on a ratio of 1.28915116 for 
every ordinary share held in the Company). 
 
Application will shortly be made for all the New International Shares issued 
pursuant to the Schemes to be admitted to the Official List and to trading on 
the main market of the London Stock Exchange. It is expected that admission 
will become effective and that trading will commence on 14 June 2012. CREST 
accounts are also expected to be credited on 14 June 2012. 
 
As part of the Schemes, the suspension of the listing of the Company's shares 
took place at 7.30am on 27 April 2012 and the cancellation of the listing of 
the Company's shares is expected to take place on 20 June 2012. 
 
 
For further enquiries please contact: 
 
Blue Planet Investment Advisers Ltd 
Company Secretary 
Telephone: 0131 466 6666 
Email: info@bpia.eu 
 
 
 
 
END 
 

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