LBE Longboat Energy Plc

 

TIDMLBE 
 
RNS Number : 1775O 
Liberty PLC 
24 June 2010 
 
FOR IMMEDIATE RELEASE 
24 June 2010 
 
Not for release, publication or distribution in whole or in part, in or into the 
United States, Canada, Australia, Japan or any other jurisdiction if to do so 
would constitute a violation of the relevant laws of such jurisdiction. 
 
                    LIBERTY Plc ("Liberty" or "the Company") 
 
   Payment of arrears of dividend on Preference Shares and Payment of Special 
                                    Dividend 
 
Further to the announcement by BlueGem Gamma Limited ("BGL") on 23 June 2010 
that its recommended cash offer for the Company has been declared unconditional 
in all respects by the BGL board, the board of Liberty today announces that it 
has accordingly adjusted the dates for the arrears of dividend on the Preference 
Shares and the Special Dividend which were announced on 27 May 2010, further 
details of which are set out further below. 
 
Terms used in this announcement shall have the meaning given to them in the 
Offer Document dated 28 May 2010, unless the context requires otherwise. 
 
Payment of arrears of dividend on 6% Preference Shares 
 
On 27 May 2010, it was announced that the Board of Liberty had resolved to pay 
the arrears of dividend on the Preference Shares in the aggregate sum of 
GBP224,000 ("the arrears of preference dividend") conditional on the Offer 
becoming or being declared unconditional in all respects and immediately prior 
to the payment of the Special Dividend. 
 
Accordingly, the arrears of preference dividend will be paid to Liberty 
Preference Shareholders on the register at the close of business on 23 June 2010 
(this date remains as previously announced), being the date on which the Offer 
was declared wholly unconditional (the "Record Date"), in respect of the shares 
registered in their name at that time. In accordance with the London Stock 
Exchange's dividend timetable for 2010, the ex-dividend date for the arrears of 
preference dividend will be 28 June 2010 (the previously announced expected date 
was 25 June 2010) and the payment date will be 29 June 2010 (this date remains 
as previously announced). 
 
Payment of Special Dividend 
 
On 27 May 2010, it was also announced that the Board of Liberty had resolved to 
pay a special dividend of 44.2 pence per Liberty Share ("the special dividend"), 
the payment of which was be conditional on the Offer becoming or being declared 
unconditional in all respects. 
 
Accordingly, the Special Dividend will be paid to Liberty Shareholders on the 
register at the close of business on 23 June 2010 (this date remains as 
previously announced), being the date on which the Offer was declared wholly 
unconditional (the "Record Date"), in respect of the shares registered in their 
name at that time. 
 
In accordance with the London Stock Exchange's dividend timetable for 2010: 
 
·      the ex-dividend date for the Special Dividend will be 28 June 2010 (the 
previously announced expected date was 25 June 2010), being three business days 
following the announcement of the Offer becoming or being declared unconditional 
in all respects (since the time of the announcement when the Offer was declared 
wholly unconditional was after 8.00am on 23 June 2010); 
 
·      the payment date for the Special Dividend will be 30 June 2010 (this date 
remains as previously announced), being the date that is 7 days following the 
Record Date. 
 
 
Contact: 
          Richard Balfour-Lynn, Chairman, Liberty                   Tel: 020 
7706 2121 
          Baron Phillips, Baron Phillips Associates                 Tel: 020 
7920 3161 
Nicola Marrin, Seymour Pierce                                Tel: 020 7107 8000 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCUSSKRRSANURR 
 

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