Result of EGM

RNS Number:9199G
Jos Hldgs PLC
31 January 2003

31 January 2003

Jos Holdings plc

Result of the Second Extraordinary General Meeting

At the Second Extraordinary General Meeting of Jos Holdings plc (the "Company")
held today, 31 January 2003, the resolutions put to the meeting were duly
approved by Shareholders. Accordingly, the Company has been placed in members'
voluntary liquidation and Richard Setchim and Ian Oakley Smith have been
appointed as liquidators to the Company.

In accordance with the reconstruction proposals, for each:

  * Zero Dividend Preference Share in the Company, Shareholders will receive
    2.575065 New Ordinary Shares in BPT or 249p in cash;

  * Income Share in the Company, Shareholders will receive 0.020812 New
    Ordinary Shares in BPT or 2.0125p in cash;

  * Capital Share in the Company, Shareholders will receive 2.277847 New
    Ordinary Shares in BPT or 220.26p in cash;

and any pro rata combination in accordance with their elections (or deemed
elections).

Applications have been made for admission to the Official List and to trading on
the London Stock Exchange of the 7,573,707 New British Portfolio Shares issued.

It is expected that cheques will be despatched and CHAPs payments will be made
to Jos Shareholders who have elected (or who are deemed to have elected) for the
Cash Option on 1 February 2003 and by 3 February 2003 respectively. In respect
of those Jos Shareholders who have elected (or who are deemed to have elected)
to receive New Ordinary Shares in BPT, CREST accounts will be credited on 3
February 2003. Certificates for New Ordinary Shares are expected to be
despatched on 5 February 2003.

Enquiries:

Simon White

Allianz Dresdner Asset Management (UK) Limited 020 7475 2700

Angus Gordon Lennox

Cazenove & Co. Ltd 020 7825 9880

Terms used in this announcement shall, unless the context otherwise requires,
bear the meanings given to them in the Circular to Shareholders of Jos Holdings
plc dated 19 December 2002.

The contents of this announcement have been approved by Cazenove & Co. Ltd, 12
Tokenhouse Yard, London EC2R 7AN, for the purposes of section 21 of the
Financial Services and Markets Act 2000.

Cazenove & Co. Ltd, which is regulated in the United Kingdom by the Financial
Services Authority, is acting for Jos Holdings plc and for no-one else and will
not be responsible to anyone other than Jos Holdings plc for providing the
protections afforded to customers of Cazenove & Co. Ltd or for providing advice
in relation to the Proposals or any matter referred to herein.


                      This information is provided by RNS
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