Business Services Industry
National Power Shareholders Approve Demerger to Create Innogy Holdings plc and International Power plc and Related Transactions
Business Wire, Oct 2, 2000
Business Editors
LONDON--(BUSINESS WIRE)--Oct. 2, 2000
The Board of National Power announces that at the Extraordinary General Meeting of the company held today the resolution to approve the demerger of Innogy from National Power and associated resolutions were approved. It is expected that the demerger will be implemented on 2 October.
It is expected that trading in Innogy Holdings and International Power shares will commence on 2 October 2000.
Shares in each of Innogy Holdings and International Power are expected to be traded and listed on both the London and New York Stock Exchanges under the symbols, in the case of Innogy Holdings, IOG and, in the case of International Power, IPR.
Related Results
In addition, the resolutions proposed at the Annual General Meeting also held today were approved.
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