Liberty: 49.62m rights exercised – 16.54m shares resulted
Liberty Life Insurance Public Company Limited would like to inform the investing public that the Rights’ exercise period expired on November 30, 2007.
During the exercise period, 49,621,716 Rights have been exercised, which were offered to the shareholders registered as at October 14, 2007. For every 3 Rights, 1 new share of nominal value £0.10 is offered at the price of £0.15 (€0.26). Specifically, 16,540,572 new shares have resulted, which will start trading in the CSE on December 31, 2007. Overall, £2,481,085.80 has been received from the Rights exercise.
According to special resolution 3 of the Extraordinary General Meeting dated March 16, 2007, the 22,876,680 unexercised Rights will be distributed at the sole discretion of the Board of Directors under the same price and terms payable immediately and/or as a consideration for the purchase of properties and/or for the acquisition and/or participation in other companies or businesses and/or life portfolios at the sole discretion of the Board of Directors. The Board of Directors will meet on December 7, 2007 to examine the distribution of Rights.
The Allocation Letter of the new sharers resulting from the exercise of Rights will be posted to the shareholders on December 7, 2007 and the new shares will start trading in the CSE on December 21, 2007.
During the exercise period, 49,621,716 Rights have been exercised, which were offered to the shareholders registered as at October 14, 2007. For every 3 Rights, 1 new share of nominal value £0.10 is offered at the price of £0.15 (€0.26). Specifically, 16,540,572 new shares have resulted, which will start trading in the CSE on December 31, 2007. Overall, £2,481,085.80 has been received from the Rights exercise.
According to special resolution 3 of the Extraordinary General Meeting dated March 16, 2007, the 22,876,680 unexercised Rights will be distributed at the sole discretion of the Board of Directors under the same price and terms payable immediately and/or as a consideration for the purchase of properties and/or for the acquisition and/or participation in other companies or businesses and/or life portfolios at the sole discretion of the Board of Directors. The Board of Directors will meet on December 7, 2007 to examine the distribution of Rights.
The Allocation Letter of the new sharers resulting from the exercise of Rights will be posted to the shareholders on December 7, 2007 and the new shares will start trading in the CSE on December 21, 2007.
