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Non-Tech : Berkeley Technology Limited (BLKYY)

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To: MSI who wrote (938)6/25/2002 12:28:57 AM
From: James Calladine  Read Replies (1) of 955
 
London Pacific will trade on a reverse split basis beginning at the opening of the market on Monday, June 24, 2002. The Company's new CUSIP number for such post-reverse stock split ADRs will be 542073200 and will come into effect on Monday, June 24, 2002. Upon the effectiveness of the reverse stock split, every ten of the Company's ADRs will be converted and reclassified into one post-split ADR. As a result of the reverse split, each ordinary share will be represented by one tenth of an ADR (or each ADR will be represented by 10 ordinary shares). Fractional new ADRs will be sold by the Depository Bank and paid in cash to the holders.
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