S&N TO OFFER LOAN NOTES

0 Comments | Sunday Herald, The, Feb 24, 2008

Scottish & Newcastle's shareholders are to be offered loan notes in exchange for their shares as an alternative to cash from the Carlsberg/Heineken consortium to remove the threat of capital gains tax charges. The move will be welcomed by the Association of Private Client Investment Managers and Stockbrokers, whose chief executive David Bennett called for it in a letter to the brewers.

S&N also announced an EGM to vote through its wind-down plan on March 31, with the company expected to disappear on April 29.

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