Information  X 
Enter a valid email address

Perpetual Inc&Growth (PLI)

  Print      Mail a friend       Annual reports

Wednesday 11 May, 2005

Perpetual Inc&Growth

Result of Meetings and Bonus Issue


 Not for release, publication or distribution, in whole or in part, in or into 
 the United States, Canada, Japan or Australia or any other jurisdiction where 
to do so would constitute a violation of the relevant laws of such jurisdiction

                             For Immediate Release                             

                                  11 May 2005                                  

          PERPETUAL INCOME AND GROWTH INVESTMENT TRUST PLC ('PIGIT')           

          Result of Meetings and Bonus Issue for Subscription Shares           

PIGIT announces that the special resolution proposed at an extraordinary
general meeting of the Company and the extraordinary resolution proposed at a
separate general meeting of PIGIT Warrantholders, both held today, were passed.
Accordingly, the Subscription Securities proposed to be issued pursuant to the
Bonus Issue will be in the form of Subscription Shares.

As a result of the passing of the resolutions referred to above, the Additional
Exercise Facility, whereby PIGIT Warrantholders may exercise their PIGIT
Warrants with effect from today's date, is now unconditional. PIGIT has
received elections under the Additional Exercise Facility to exercise early the
subscription rights conferred by 3,168,472 Existing Warrants. The Ordinary
Shares allotted on such exercise will be issued to the holders of the Existing
Warrants concerned later today and, in any event, prior to 5.00 p.m. today
(being the record date for the Bonus Issue).

The Bonus Issue remains conditional on the admission of the Subscription Shares
to the Official List and to trading on the London Stock Exchange's market for
listed securities becoming effective. In view of the lapsing of the Increased
Offer, such admission is now expected to become effective on 31 May 2005 and
the Subscription Price will now be calculated as at the close of business on 26
May 2005. The Subscription Shares issued pursuant to the Bonus Issue are
expected to be issued with effect from 31 May 2005.

The Board confirms that, having regard to the number of Existing Warrants
exercised pursuant to the Additional Exercise Facility, the Subscription Shares
will be issued on the basis of one Subscription Share for every 10 PIGIT Shares
held as at the close of business today.

Enquiries:

Perpetual Income and Growth Investment Trust Sir Patrick Sheehy  020 7065 3555 
plc                                                                            
                                                                               
Intelli Corporate Finance Limited            Gordon Neilly       020 7653 6312 
                                                                               
INVESCO Asset Management Limited             Graeme Proudfoot    020 7065 3519 
                                                                               
Lansons                                      David Masters/      07786 394688/ 
                                                                               
                                             Tony Langham        07979 692287  

Notes:

Terms defined in the supplementary listing particulars dated 18 April 2005
relating to PIGIT and the Subscription Securities have the same respective
meanings in this announcement.

Intelli Corporate Finance, which is regulated and authorised in the United
Kingdom by the Financial Services Authority, is acting only for PIGIT and no
one else in connection with the Bonus Issue and will not regard any other
person as its client or be responsible to any person other than PIGIT for
providing the protections afforded to clients of Intelli Corporate Finance, or
for providing advice in relation to the Bonus Issue or the contents of this
announcement.

The law of certain jurisdictions may affect the availability of the Bonus Issue
to persons not resident in the United Kingdom. Persons who are not resident in
the United Kingdom, or who are subject to the laws of any jurisdictions other
than the United Kingdom, should inform themselves about, and observe, any
applicable requirements.

The Bonus Issue will not be made, directly or indirectly, in or into, or by the
use of the mails of, or by any means or instrumentality (including, but not
limited to, facsimile, email, telex or other electronic transmission or
telephone) of interstate or foreign commerce of, or of any facility of a
national, state or other securities exchange of, the United States, Canada,
Australia or Japan. Accordingly, copies of this announcement must not be mailed
or otherwise sent, forwarded or distributed into, in or from the United States,
Canada, Australia or Japan, including to PIGIT Shareholders and/or Existing
Warrantholders with registered addresses in the United States, Canada,
Australia or Japan or to persons whom PIGIT or Intelli Corporate Finance know
to be custodians, nominees or trustees holding PIGIT Shares and/or Existing
PIGIT Warrants for persons with registered addresses in the United States,
Canada, Australia or Japan. Persons receiving or accessing a copy of this
announcement (including, without limitation, custodians, nominees and trustees)
should not send, forward or distribute it into, in or from the United States,
Canada, Australia or Japan or use such mails or any such means, instrumentality
or facility for any purpose, directly or indirectly, in connection with the
Bonus Issue.

This announcement is not an offer, or solicitation, of securities, or
solicitation of offers to purchase Subscription Shares in the United States,
Canada, Australia or Japan. The Subscription Shares have not been, and will not
be, registered under the US Securities Act or under the securities laws of any
state, district or other jurisdiction of the United States, or of Canada,
Australia, Japan or any other jurisdiction other than the UK and no regulatory
clearances in respect of the Subscription Shares have been, or will be, applied
for in any jurisdiction other than the UK. Accordingly, unless an exemption
under the US Securities Act or other relevant securities laws is applicable,
the Subscription Shares are not being, and may not be, offered, sold, resold,
delivered or distributed, directly or indirectly, in or into the United States,
Canada, Australia or Japan or to or for the account or benefit of any US Person
or person resident in the United States, Canada, Australia or Japan.


                                                                                                                                                                                                     

a d v e r t i s e m e n t