Reorganisation Completed
January 18 2010 - 8:00AM
UK Regulatory
TIDMIPM
RNS Number : 7049F
Irish Life & Permanent Grp HldgsPLC
18 January 2010
18 January 2010
IRISH LIFE & PERMANENT p.l.c.
IRISH LIFE & PERMANENT GROUP HOLDINGS p.l.c.
REORGANISATION COMPLETED
Further to recent announcements, Irish Life & Permanent p.l.c. (OLD ILP)
confirms that the Registrar of Companies at 5.30 p.m. on 15 January 2010 issued
a certificate of registration of the order and minute made by the High Court on
11 January 2010 sanctioning the scheme of arrangement and associated reduction
of capital (the Scheme) sought by OLD ILP. The Scheme, under which, amongst
other things, Irish Life & Permanent Group Holdings p.l.c. (NEW ILP) becomes the
new holding company for the Irish Life & Permanent group, has therefore become
effective with effect from 5.30 p.m. on Friday 15 January 2011 as scheduled.
Accordingly, shares held by shareholders in OLD ILP have been cancelled and
replaced on a one for one basis by shares in NEW ILP.
The listing of the shares of OLD ILP (the OLD ILP Shares) on the Irish Official
List (the Official List of the Irish Stock Exchange) and the UK Official List
(the Official List of the Financial Services Authority) was cancelled with
effect from 6.30 a.m. and 8.00 a.m. respectively, today, 18 January 2010, and
276,782,351 new Irish Life & Permanent Group Holdings p.l.c. ordinary shares
(the NEW ILP Shares) were admitted to trading on the Irish Stock Exchange and
the London Stock Exchange with effect from 6.30 a.m. and 8.00 a.m. respectively,
today 18 January 2010.
Share certificates in respect of the NEW ILP Shares due under the Scheme to the
holders of the Old ILP Shares who held Old ILP Shares in certificated form, will
be posted no later than 29 January 2010. It is expected that holders of OLD ILP
Shares in a CREST account shall have their accounts credited with the NEW ILP
Shares due to them under the Scheme today.
Further Information:
Barry Walsh, Investor Relations
Tel: +353 (0)1 7042678
Conor Ryan, Corporate Affairs
Tel: +353 (0)1 8563828
Ray Gordon, Gordon MRM
Ph: +353 (0)1 6650452, Mobile: +353 (0)87 2417373
This information is provided by RNS
The company news service from the London Stock Exchange
END
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