Navigation Links
Court Approves Scheme of Arrangement
Date:5/22/2008

BASINGSTOKE, England and PHILADELPHIA, Pennsylvania, May 22 /PRNewswire-FirstCall/ -- Shire plc (LSE: SHP)(NASDAQ: SHPGY), the global specialty biopharmaceutical company, announces that the High Court approved the scheme of arrangement between Shire plc and its ordinary shareholders at a hearing today. The scheme, which becomes effective on 23 May 2008, results in the UK listed, Jersey incorporated Shire Limited (LSE: SHP, NASDAQ: SHPGY) becoming the new holding company for the group.

Under the terms of the scheme, ordinary shareholders will receive one Shire Limited ordinary share for each Shire plc ordinary share they hold at 5.30 p.m. (GMT) on 22 May 2008.

The Shire Limited ordinary shares of 5 pence each will be admitted to the Official List and to trading on the London Stock Exchange's market for listed securities at 8.00 a.m. (GMT) on 23 May 2008. The listing of the existing ordinary shares of Shire plc will be cancelled by 8.00 a.m. (GMT) on 23 May 2008.

In conjunction with the scheme, Shire plc's American Depositary Shares ("ADSs") will be replaced by Shire Limited's ADSs on a one-for-one basis, each Shire Limited ADS representing three ordinary shares in Shire Limited. Dealings in Shire Limited ADSs on NASDAQ will commence at 9:30 a.m. (EST) on 23 May 2008.

Immediately prior to the scheme becoming effective, Shire Limited will be substituted in place of Shire plc as principal obligor under the U.S.$1,100,000,000 2.75 per cent. Convertible Bonds due 2014 originally issued by Shire plc (and the terms and conditions of such bonds will be amended).

Notes to Editors

SHIRE PLC

Shire's strategic goal is to become the leading specialty biopharmaceutical company that focuses on meeting the
'/>"/>

SOURCE Shire plc
Copyright©2008 PR Newswire.
All rights reserved

Page: 1 2 3

Related biology news :

1. IDsmart Admits in Court Document That e-Smarts Technology was Used to Develop IDsmarts Smart Card
2. Montana State University research reaches Supreme Court of India
3. Precourt Institute for Energy Efficiency awards first faculty research grants
4. A unique arrangement for egg cell division
5. Are there rearrangement hot spots in the human genome?
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:7/11/2014)... that transplantation of mesenchymal stem cells can stimulate neurogenesis ... of Alzheimer,s disease (AD) and improve tissue and function ... are reported on the therapeutic effect of adipose-derived stem ... the effect on oxidative injury and neurogenesis in the ... team, School of Life Sciences, Tsinghua University, China transplanted ...
(Date:7/11/2014)... receptor type 1 can inhibit voltage-gated calcium ... neurotransmitter release. However, some scholars demonstrated that ... Ca2+ influx and increase neurotransmitter release. Dr. ... Affiliated to Tongji Medical College, Huazhong University ... cell voltage-clamp and calcium imaging in cultured ...
(Date:7/11/2014)... Rio de Janeiro, Brazil- In the brains of ... mechanism that allows an electric or chemical signal ... another. Chemical synapses, which are the most abundant ... inhibitory. Synapse formation is crucial for learning, memory, ... and inhibitory synapses critical for brain function. ...
Breaking Biology News(10 mins):Blame it on the astrocytes 2
... This press release is available in ... get a whole lot safer for consumers, thanks to Concordia ... foreign substances in dairy and other products. "Even though ... excessive antibiotics in cows, until now there were no methods ...
... release of massive amounts of carbon from methane hydrate ... been linked to the greatest change in global climate ... years earlier. New calculations by researchers at Rice University ... Nobody knows for sure what started the incident, but ...
... in the headlines around the world, this week,s edition of ... a 3-part cover story on the jobs situation for chemists ... manufactured goods, with the chemical industry in the United States ... weekly newsmagazine of the American Chemical Society, the world,s largest ...
Cached Biology News:Methane may be answer to 56-million-year question 2Methane may be answer to 56-million-year question 3
(Date:7/10/2014)... Understanding the basis of psychiatric disorders has been extremely ... increase risk but are insufficient to cause disease. Now ... Cell Press journal Cell Stem Cell describe ... genetic risks interact with other risk factors or environmental ... Their research pinpoints a genetic variant that may predispose ...
(Date:7/10/2014)... lithium-ion batteries that power our laptops and electric vehicles ... single charge with the help of a sponge-like silicon ... replace the graphite traditionally used in one of the ... the energy storage capacity of graphite. A paper describing ... published today in Nature Communications . , "Silicon ...
(Date:7/10/2014)... theatergoers have shelled out for crude 3-D glasses, ... viewing experience. These basic devices, used to trick ... may soon be rendered obsolete with the introduction ... University researchers. , TAU doctoral students Yuval Yifat, ... efficient holography based on nanoantennas that could be ...
(Date:7/10/2014)... and NPL collaborate to bring together their track record ... academic strengths., Working with BIS and NPL the successful ... the UK. The establishment of a Graduate Institute, which ... provide a pipeline of skilled researchers. Working with the ... be grown through the creation of a series of ...
Breaking Biology Technology:New strategy could uncover genes at the root of psychiatric illnesses 2Silicon sponge improves lithium-ion battery performance 2Silicon sponge improves lithium-ion battery performance 3Projecting a 3-dimensional future 2Projecting a 3-dimensional future 3Universities of Surrey and Strathclyde selected as strategic partners in the future operation of the National Physical Laboratory 2Universities of Surrey and Strathclyde selected as strategic partners in the future operation of the National Physical Laboratory 3
... among the proposals introduced as part of the Invest Wisconsin ... State Sen. Ted Kanavas , R-Brookfield. , ,The legislative ... and other proposals to stimulate investment, seeks to change the ... Under the measure, all income tax payers would see a ...
... Executive Club of Chicago's annual forecast for this year, I ... look at the foreclosures on houses. You would think that by ... start to be more financially secure, but it does not look ... the tech sector is still spotty with stocks like Motorola ...
... Madison, Wis. - In a move that could bring ... of Madison will open an office in Ann Arbor, Mich. ... Madison venture capital firm, which recently moved into a larger ... Park , was one of three venture firms selected to ...
Cached Biology Technology:Kanavas outlines new Invest Wisconsin agenda 2Kanavas outlines new Invest Wisconsin agenda 3Real pulse of the economy? Check real estate foreclosures 2Real pulse of the economy? Check real estate foreclosures 3Real pulse of the economy? Check real estate foreclosures 4Real pulse of the economy? Check real estate foreclosures 5Venture Investors to open Michigan office 2
... is essential for hunting and analyzing ... such as EST sequencing projects, microarrays, ... kit is developed for normalization of ... intended for directional cloning. While most ...
... The Luminex 100 Instrument System ... multi-analyte assays using Upstate's Beadlyte reagents. ... the Dell computer with software version ... Sheath Delivery System. Upstate offers $2000 ...
Polyclonal Antibody to HADHB...
normal human fibroblasts Source: Cell Lysate Form: Ready to Use Application: Western Blotting Control...
Biology Products: