25th Jul 2005 07:00
Britannic Global Income Trust PLC25 July 2005 Britannic Global Income Trust plc 25 July 2005 On 22 July 2005, the Board of Britannic Global Income Trust plc (the "Company")announced that agreement had been reached on the terms of a proposed scheme ofarrangement under section 425 of the Companies Act 1985 under which SecondTerrace Hill Investing Limited and Second Park Circus Investing Limited willacquire the entire issued share capital of the Company and provide cash toenable the Company to pay or compromise, as appropriate, the claims of itscreditors. The Board of the Company announces the following information pursuant to rule2.10 of the City Code on Takeovers and Mergers. The classes of relevant securities issued by the Company and the numbers of suchsecurities in issue as at the date of this announcement are: Ordinary Shares of 100 pence each - 71,250,000 in issue, all of which are paidup or credited as fully paid up. ISIN No - GB 000 289 2304 Contacts Ernst & Young LLP -Peter Ames 020 7951 4315Lough Callahan 020 7951 1561 The Directors of the Company accept responsibility for the information containedin this announcement. To the best of the knowledge and belief of the Directorsof the Company (who have taken all reasonable care to ensure that such is thecase) the information contained herein is in accordance with the facts and doesnot omit anything likely to affect the import of such information. Ernst & Young LLP, which is authorised and regulated in the United Kingdom bythe Financial Services Authority, is acting exclusively for Britannic GlobalIncome Trust plc in connection with the Proposals to Shareholders and will notbe responsible to anyone other than for Britannic Global Income Trust plc forproviding the protections afforded to clients of Ernst & Young LLP or forproviding advice in relation to the Proposals. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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