Sotheby's Holdings, Inc. Completes Reincorporation

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Bidcorp	LSE:BID	London	Ordinary Share	GB0004690094	ORD 20P

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Bidcorp

LSE:BID

London

Ordinary Share

GB0004690094

ORD 20P

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Sotheby's Holdings, Inc. Completes Reincorporation

30/06/2006 6:12pm

PR Newswire (US)

Bidcorp (LSE:BID)
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- Corporation Renamed Sotheby's - NEW YORK, June 30 /PRNewswire-FirstCall/ -- On June 30, 2006, Sotheby's Holdings, Inc., a Michigan corporation, completed its reincorporation into the State of Delaware by merging into a wholly-owned Delaware subsidiary. The reincorporation and related proposals were approved by the shareholders of Sotheby's Holdings at the annual meeting of shareholders held on May 8, 2006. The surviving corporation was renamed "Sotheby's" upon completion of the merger. The reincorporation did not result in any change in the business or principal facilities of Sotheby's. The management and Board of Directors of Sotheby's Holdings continue as the management and Board of Directors of Sotheby's Delaware. In the merger, each outstanding share of Sotheby's Holdings Class A Limited Voting Common Stock was converted into one share of Common Stock of the surviving Delaware corporation, and Sotheby's stock will continue to trade on the New York Stock Exchange under the symbol "BID." DATASOURCE: Sotheby's CONTACT: Press Department - Diana Phillips, or Matthew Weigman, +1-212-606-7176, or Investor Relations - Jennifer Park, +1-212-894-1023, all for Sotheby's Holdings, Inc. Web site: http://www.sothebys.com/

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