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Article: RECKITT BENCKISER PLC - Scheme of Arrangement.
- Article from:
- PR Newswire UK Disclose
- Article date:
- September 11, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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11th September 2007
New Corporate Structure - Posting of Circular
Reckitt Benckiser plc today posts a circular to shareholders regarding its
corporate restructuring.
The proposals seek to create additional distributable reserves to allow the
long-term continuation of the Company's progressive dividend and share buyback
policies. In addition, the proposals seek to cancel and repay the Company's
preference shares.
The proposals in summary are: -
* A scheme of arrangement whereby shares in Reckitt Benckiser plc will be
swapped for an equivalent number of shares in Reckitt Benckiser Group plc,
a new holding company.
* This will be ...