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:9/23/2014)... years, man has domesticated animals, selecting the best ... sheep offer an intriguing animal to examine adaptation ... centuries of selected breeding and a wealth of ... first-of-its kind study that combined molecular and environmental ... search for genes under environmental selection from domesticated ...
(Date:9/23/2014)... of an athlete,s moving body relies on an orchestrated response ... and intersecting planes literally the geometry of a ... it,s more than just a footfall error at the root ... ACL or anterior cruciate ligament tear. In fact, size ... the knee joint and volume of the ACL combine ...
(Date:9/23/2014)... up oil sands tailings has just gotten a lot ... of Alberta civil engineering professors that uses solar energy ... Instead of using UV lamps as a light source ... in tailings ponds, professors Mohamed Gamal El-Din and James ... renewable energy source treats the wastewater just as efficiently ...
Breaking Biology News(10 mins):Being sheepish about climate adaptation 2Does size matter? MRI imaging sheds light on athletes most at risk for severe knee injury 2Does size matter? MRI imaging sheds light on athletes most at risk for severe knee injury 3Solar energy-driven process could revolutionize oil sands tailings reclamation 2
... Leading scientists, physicians, and veterinarians are uncovering new links ... implications for human health. , "Marine mammals are providing ... says Paul Sandifer, Chief Scientist for the new Oceans ... and Atmospheric Administration (NOAA). "There is mounting evidence ...
... there's a constant shuffling of genetic material going ... via ocean-dwelling viruses, scientists report this week in ... Sallie Chisholm and her colleagues at the Massachusetts ... new facet of evolution and helping scientists see ...
... gene responsible for making embryos male and forming the ... by Parkinson's disease. Published in the Feb. 21 ... why more men than women develop the degenerative disorder, ... 1.5 times more likely to develop Parkinson's disease than ...
Cached Biology News:Marine mammals are on the frontline of failing ocean health 2Marine mammals are on the frontline of failing ocean health 3Marine mammals are on the frontline of failing ocean health 4Marine mammals are on the frontline of failing ocean health 5Marine mammals are on the frontline of failing ocean health 6Scientists discover interplay between genes and viruses in tiny ocean plankton 2UCLA scientists find male gene in brain area targeted by Parkinson's 2
(Date:9/23/2014)... About Bioactive Material Bioactive ... are increasingly becoming popular due to their ability ... having a negative impact on the human health. ... tissue repair materials in surgical procedures. Bioactive materials ... glass-ceramics, and composites. The major end-users of bioactive ...
(Date:9/23/2014)... 23, 2014 Kamal Rashid , ... Education and Training Center (BETC) and research professor of ... BioTalk 2014 , an international two-day event focused on ... by Global Summits, the event will bring together leaders ... cells to develop and produce human therapeutics. “The growth ...
(Date:9/23/2014)... 2014 This is a professional ... the Phenolic Resin industry in Global and China.The ... including definitions, applications and industry chain structure. Global ... provided with a focus on history, developments, trends ... between the international and Chinese situation is also ...
(Date:9/23/2014)... Erlab , the expert in ... and Burdinola, supplier of laboratory furniture solutions, announce a ... hood. , By integrating Erlab’s GreenFumeHood ... now offer an innovative solution utilizing the patented technology ... best-in-class detection technology, and communication for security and monitoring ...
Breaking Biology Technology:Global Bioactive Material Market 2014-2018 2Worcester Polytechnic Institute's Biomanufacturing Expertise to be Featured in Berlin 2Worcester Polytechnic Institute's Biomanufacturing Expertise to be Featured in Berlin 3Phenolic Resin Industry (International, China) Development Policy and Plan Now Available at ReportsnReports.com 2Erlab Partners with Burdinola to Deliver an Innovative Filtered Fume Hood 2
... ... its first relaunch, and came out as a beta. In this relaunch they have focused on ... get more relevant results. They have tried to get the users to get and give a ... , ...
... POMPEY, France, September 17 Novasep is ... - France, specialized in the development,and manufacturing of ... "Potent Compound Safety Certification" from SafeBridge(R),Consultants, Inc. , ... Safety Certification program verifies,Novasep,s performance in the management, ...
... SCOTTSDALE, Ariz., Sept. 17 MedTrust Online, a ... options for challenging patient cancer cases, has surpassed 5,000 ... Online also announced today that world-renowned oncologist Dr. Henry ... advisors. , , "5,000 users is ...
Cached Biology Technology:ePDF is Happy to Announce that ePDF has Completed its First Relaunch, and has Come Out as a Beta 2Novasep Gains SafeBridge(R) "Potent Compound Safety Certification" for its Le Mans Facility 2Novasep Gains SafeBridge(R) "Potent Compound Safety Certification" for its Le Mans Facility 3MedTrust Online Surpasses 5,000 Registered Users and Adds Dr. Henry Friedman to Oncology Advisory Board 2
... BR4i refrigerated multifunction centrifuges are equally capable of ... low sound level with a large range of ... rotor exchange system without tools ensures that the ... Instant rotor exchange (5 sec.) ...
... ,Each upright model provides fast pull-down, rapid ... for refrigerated blood. The BBR25 and BBR55 ... complete blood storage monitoring. Models BBR6, BBR11, ... HemaPro 101 alarm/monitor. All of these models ...
Sterile, individually wrapped, 4mm Cuvettes...
... form of Tobacco Etch Virus (TEV) protease ... significantly more stable than native TEV protease, ... recognizes a seven amino acid (Glu-Asn-Leu-Tyr-Phe-Gln-Gly, cleaving ... for removing affinity tags from fusion proteins ...
Biology Products: