Result of General Meeting
May 18 2012 - 8:47AM
UK Regulatory
TIDMBPW
BLUE PLANET WORLDWIDE FINANCIALS INVESTMENT TRUST PLC
Result of General Meeting and Merger Completion
18 May 2012
This announcement is made by Blue Planet Worldwide Financials Investment Trust
plc ("the Company") in connection with the proposed merger of the Company with
Blue Planet International Financials Investment Trust plc ("International") and
Blue Planet Financials Growth & Income Investment Trusts Nos (1- 10) plc ("G&
I") to be completed pursuant to schemes of reconstruction under Section 110 of
the Insolvency Act 1986 ("Schemes") whereby the Company and G&I will be placed
in members' voluntary liquidations and will transfer all of their assets and
liabilities to International, details of which were contained in the Company's
circular to shareholders ("the Circular") dated 26 March 2012.
The board is pleased to announce that at the general meeting of the Company
held on 18 May 2012, the resolution to approve the Company being placed in
liquidation, appoint the liquidators and cancel the listing of the Company's
shares, as set out in the Circular, was duly passed on a show of hands and with
5,559,609 (99.18%) of proxy votes received being in favour (or at the
chairman's discretion).
A copy of the resolution passed at the above meeting will shortly be available
for inspection at the National Storage Mechanism (www.hemscott.com/nsm.do) and
a copy of this announcement will also be uploaded on to the Company's website
(www.blueplanet.eu).
As the Board advised shareholders on 11 May 2012, the merger is subject to the
passing of a resolution by International shareholders at a general meeting
which is expected to be convened on or around 13 June 2012. This resolution
will approve the restructuring of International's share capital and split each
of its 50p ordinary shares into a 1p ordinary share and a 49p deferred share.
In the interim, therefore, the Company's liquidators have appointed Blue Planet
Investment Management Ltd to continue to manage the Company's assets.
As part of the Schemes, the suspension of the listing of the Company's shares
took place at 7.30am on 27 April 2012 and the cancellation of the listing of
the Company's shares is expected to take place from the commencement of trading
on 20 June 2012.
For further enquiries please contact:
Blue Planet Investment Advisers Ltd
Company Secretary
Telephone: 0131 466 6666
Email: info@bpia.eu
END
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