Merger Update


 
TIDMBPW 
 
BLUE PLANET WORLDWIDE FINANCIALS INVESTMENT TRUST PLC 
 
Merger Update 
 
The Board is pleased to report that shareholders of the Company, Blue Planet 
International Financials Investment Trust plc ("International") and Blue Planet 
Financials Growth & Income Investment Trusts Nos (1 - 10) plc ("G&I") have 
overwhelmingly voted in favour of the merger of the companies ("the Merger") 
with over 98% of the votes cast at the first general meetings of the three 
companies which took place on 19 April 2012, being in favour of it. 
 
However, before the Merger can be completed International must first 
restructure its share capital and split each of its 50p ordinary shares into a 
1p ordinary share and a 49p deferred share. A meeting of International's 
shareholders will shortly be convened to consider the resolution necessary to 
give effect to this. The meeting is expected to be held in early June 2012 (the 
"International Meeting"). International's largest shareholders (who accounted 
for 95% of the votes cast at the general meeting on 19 April 2012) have given 
irrevocable commitments to vote in favour of the resolution. Consequently, the 
board is confident that it will be passed. 
 
The meeting of the Company which was adjourned on 27 April 2012 and again on 9 
May 2012 will now be held at 11.30am on 18 May 2012 (the "Adjourned Meeting") 
(this being the latest date on which the meeting can be held in accordance with 
the Insolvency Act 1986). The Adjourned Meeting will consider a special 
resolution to put the Company into liquidation immediately. However, the Merger 
cannot be completed unless and until the resolution proposed at the 
International Meeting which is expected to be held in early June 2012 has been 
passed. Consequently, there is a risk, albeit a small one, that if the 
resolution proposed at the International Meeting is not passed then the Company 
will be wound up and the Merger will not 
 
take place. The directors need to draw your attention to that risk even though 
we do not think that such an outcome is likely. 
 
In respect of the Adjourned Meeting, the proxies received from Shareholders to 
date have been overwhelmingly in support. These proxies will continue to be 
effective, however, new or amended proxies will also be accepted until 11.30am 
on 16 May 2012 (this being 48 hours prior to the reconvened date of the 
meeting). Additional forms of proxy or letters of direction (as the case may 
be) can be obtained by contacting the Company's registrar on 0871 664 0321. 
 
As a result of this delay to the Merger, the record date and calculation date 
for the Merger are expected to move to the day before the International 
Meeting. If, as expected, the Merger completes in early June 2012, 
International shares will be issued to Shareholders on the date of the 
International Meeting and it is expected that these will be admitted to trading 
the following business day and with new share certificates being dispatched 
approximately seven days thereafter. Cancellation of the listing of the 
Company's Shares is, therefore, expected to take effect on 20 June 2012. 
 
 
Company secretary and administrator for the Company: 
Blue Planet Investment Advisers Ltd 
Telephone: +44 (0)131 466 6666 
Email: info@bpia.eu 
 
 
 
END

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