Demerger Proposal

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Demerger Proposal
Topic Started: Jun 9 2007, 04:54 PM (331 Views)
whistleblower	Jun 9 2007, 04:54 PM Post #1
www.saynotoyes.co.uk Posts: 2,649 Group: Admin Member #1 Joined: May 13, 2005	Details of the proposed demerger of the international home credit business Provident Financial plc (“Provident”) today announces details of the proposed demerger of its international home credit business (“IHC”). Pursuant to the demerger, IHC (comprising Provident International Holdings Limited and its wholly-owned subsidiaries) will be transferred to International Personal Finance plc (a newly established public limited company which has been incorporated to be the holding company of IHC) (“IPF”). Subject, inter alia, to shareholder approval, the demerger will result in Provident shareholders receiving one share in IPF for every Provident share they hold. Presentations to research analysts on each of the two businesses will be held today at the offices of Dresdner Kleinwort, 30 Gresham Street, EC2P 2XY at 10.30a.m. The key highlights of these presentations are: Provident Financila plc
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