11 January 2005
11 January 2005
Reorganisation of share capital and scheme of arrangement
Date set for scheme meetings
Further to the announcement on 21 December 2004, ITV plc ('ITV') announces that
the High Court of Justice in England and Wales today directed that shareholder
meetings be convened for the purpose of considering and, if thought fit,
approving a scheme of arrangement proposed to be made between ITV and the
relevant scheme ordinary shareholders and scheme convertible shareholders
pursuant to section 425 of the Companies Act 1985 (the 'Scheme'). The meetings
will take place on 7 February 2005 at The Elizabeth Windsor Room, Fifth Floor,
The Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London
SW1P 3EE at the following times:
12.00 p.m. Meeting of scheme ordinary shareholders; and
12.10 p.m. Meeting of scheme convertible shareholders (or as soon thereafter as the meeting of scheme
ordinary shareholders concludes or is adjourned).
ITV expects to post a circular, together with related documentation, to ITV
shareholders shortly, which will explain the terms of the Scheme and the other
steps involved in the proposed reorganisation of ITV's share capital (the '
Reorganisation') that was announced on 21 December 2004. The shareholder
circular will also contain details of the other shareholder meetings required to
approve the Reorganisation. Further announcements will follow as appropriate.
ITV 020 7620 1620
CITIGROUP GLOBAL MARKETS 020 7986 4000
CITIGATE DEWE ROGERSON 020 7638 9571
Citigroup Global Markets Limited is acting for ITV and no-one else in connection
with the Reorganisation and will not be responsible to anyone other than ITV for
providing the protections afforded to clients of Citigroup Global Markets
Limited nor for providing advice in relation to the Reorganisation.
This information is provided by RNS
The company news service from the London Stock Exchange