IPM Irish Life&P.Gp

 

TIDMIPM 
 
RNS Number : 9401B 
Irish Life & Permanent PLC 
04 November 2009 
 

Statement by Irish Life & Permanent plc 
 
 
Company sets EGM date for 17th December 2009. 
 
 
Wednesday 4th November 2009.  Irish Life & Permanent plc has confirmed that it 
has set the date for the previously announced EGM of the company to consider the 
creation of a new holding company. The EGM will take place in Dublin on the 17th 
December next. 
 
 
The EGM is being held to seek shareholder approval for the creation of a new 
Irish incorporated holding company to be called Irish Life & Permanent Group 
Holdings plc which will list on the Dublin and London Stock Exchanges.It is 
proposed that this new company will acquire the shares of existing shareholders 
in Irish Life & Permanent plc in exchange for its own shares on a one-for-one 
basis. 
 
 
In addition to the EGM, the plans for the new holding company will require a 
Court convened meeting of shareholders which will also take place on the 17th 
December next.  The Court convened meeting is required because the restructuring 
is being effected by means of a scheme of arrangement. 
 
 
Shareholders will receive explanatory documentation relating to the scheme of 
arrangement, together with notice of the meetings, in due course. 
 
 
This announcement does not constitute an offer or recommendation to sell or an 
invitation to purchase or subscribe for any securities. Any decision in relation 
to the scheme of arrangement and related proposals should be made only on the 
basis of the related documentation as and when issued. 
 
 
Further Information: 
Ray Gordon 
Gordon MRM 
Ph: 01 6650452 
Ph: 087 2417373 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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