Meeting of Creditors
Meeting of Creditors
IN THE COURT OF SESSION, SCOTLAND
IN THE PETITION OF
BRITANNIC GLOBAL INCOME TRUST PLC
(Company Number SC213518)
FOR AN ORDER SANCTIONING A SCHEME OF ARRANGEMENT UNDER SECTION 425 OF THE COMPANIES ACT 1985
NOTICE OF SCHEME MEETINGS
Notice is hereby given that, by an order pronounced on 28 July 2005, the Court of Session, Scotland, has directed that each of the following meetings be convened for the purpose of considering and, if thought fit, approving (with or without modification) a scheme of arrangement proposed to be made between Britannic Global Income Trust plc (the "Company") and the holders of Scheme Shares (as defined in the said scheme of arrangement) and the Ordinary Scheme Creditors (as defined in the said scheme of arrangement) and the Subordinated Scheme Creditor (as defined in the said scheme of arrangement):
(a) a meeting of the holders of the Ordinary Shares (as defined in the scheme of arrangement referred to above) which will be held at the offices of Britannic Investment Managers Limited at Britannic Court, 50 Bothwell Street, Glasgow G2 6HR on Wednesday 31 August 2005 at 2.40 pm (or as soon thereafter as the meeting of the holders of the zero dividend preference shares in the capital of Britannic Global Income Securities plc convened for 2.30 pm on the same day shall have concluded or been adjourned) at which time and place all holders of Ordinary Shares are requested to attend;
(b) a meeting of the Ordinary Scheme Creditors (as defined in the scheme of arrangement referred to above) which will be held at the offices of Britannic Investment Managers Limited at Britannic Court, 50 Bothwell Street, Glasgow G2 6HR on Wednesday 31 August 2005 at 2.50 pm (or as soon thereafter as the meeting of the holders of Ordinary Shares convened for 2.40 pm on the same day shall have concluded or been adjourned) at which time and place all Ordinary Scheme Creditors are requested to attend; and
(c) a meeting of the Subordinated Scheme Creditor (as defined in the scheme of arrangement referred to above) which will be held at the offices of Britannic Investment Managers Limited at Britannic Court, 50 Bothwell Street, Glasgow G2 6HR on Wednesday 31 August 2005 at 3.00 pm (or as soon thereafter as the meeting of the Ordinary Scheme Creditors convened for 2.50 pm on the same day shall have concluded or been adjourned) at which time and place the Subordinated Scheme Creditor is requested to attend.
The holders of Ordinary Shares, the Ordinary Scheme Creditors and the Subordinated Scheme Creditor may vote in person at the relevant meeting or they may appoint another person (or persons) as their proxy to attend and vote in their stead. In the case of holders of Ordinary Shares, their proxy need not be a member holding Ordinary Shares or of the Company. In the case of Ordinary Scheme Creditors, their proxy need not be an Ordinary Scheme Creditor. In the case of the Subordinated Scheme Creditor, its proxy need not be a Subordinated Scheme Creditor or any other creditor of the Company.
A copy of the said scheme of arrangement and a copy of the statement required to be furnished pursuant to section 426 of the Companies Act 1985 together with a form of proxy have been sent to holders of Ordinary Shares, known Ordinary Scheme Creditors and the Subordinated Scheme Creditor. Copies of these documents may be obtained free of charge by attending at, or on written application to, the offices of Dickson Minto W.S. at 16 Charlotte Square, Edinburgh EH2 4DF and Royal London House, 22-25 Finsbury Square, London EC2A 1DX.
Dickson Minto W.S.
16 Charlotte Square, Edinburgh EH2 4DF. Solicitors for the Petitioner