bramlin limited victoria oil & gas plc

160 Pages·2008·0.91 MB·English

THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.
DEFINITIONS ARE AS SET OUT IN PART NINE OF THIS DOCUMENT.
THIS DOCUMENT CONTAINS A PROPOSAL WHICH, IF IMPLEMENTED, WILL RESULT IN THE CANCELLATION OF
THE ADMISSION OF BRAMLIN SHARES TO TRADING ON AIM, A MARKET OPERATED BY THE LONDON STOCK
EXCHANGE.
PART TWO OF THIS DOCUMENT CONTAINS AN EXPLANATORY STATEMENT IN COMPLIANCE WITH SECTION 108
OF THE COMPANIES (GUERNSEY) LAW, 2008 (AS AMENDED).
If you are in any doubt as to the action you should take, you are recommended to seek your own financial advice
immediately from your stockbroker, bank manager, solicitor, accountant or other independent professional adviser
who, if you are taking advice in the United Kingdom, is authorised pursuant to the Financial Services and Markets
Act 2000, or from an appropriately authorised independent financial adviser if you are in a territory outside the
United Kingdom.
An application will be made to the London Stock Exchange for the New VOG Shares to be admitted to trading on AIM. It is
expected that Admission will become effective, and that dealings in the New VOG Shares will commence on or as soon as
practicable following the Effective Date which, subject to the satisfaction of certain conditions, including the sanction of the
Scheme by the Court, is expected to occur on or about 12 December 2008.
The New VOG Shares will not be dealt in, or on, any other recognised investment exchange and no application has been or
is being made for the New VOG Shares to be admitted to any such exchange.
You should read the whole of this document carefully. Your attention is drawn to the letter from the Independent Bramlin
Directors which is set out in Part One of this document and which contains the unanimous recommendation of the
Independent Bramlin Directors that you vote in favour of the Scheme to be proposed at the Court Meeting. A letter from
Fox-Davies Capital Limited explaining the Scheme and the action to be taken in respect of the Court Meeting appears in
Part Two of this document.
If you have sold or otherwise transferred all of your Bramlin Shares, please send this document but not the accompanying
personalised Form of Proxy at once to the purchaser or transferee, or to the bank, stockbroker or other agent through whom
the sale or transfer was effected for delivery to the purchaser or transferee. However, such documents should not be
forwarded or transmitted in or into any jurisdiction in which such act would constitute a violation of the relevant
laws in such jurisdiction. If you have sold or transferred part of your holding of Bramlin Shares, please consult the
bank, stockbroker or other agent through whom the sale or transfer was effected.
RECOMMENDED PROPOSAL FOR THE ACQUISITION OF
BRAMLIN LIMITED
BY
VICTORIA OIL & GAS PLC
to be effected by way of a Scheme of Arrangement
under section 105 of the Companies (Guernsey) Law, 2008 (as amended)
ACTIONTOBETAKEN
Notice of the Court Meeting, which will be held at 10 a.m. on 5 December 2008 at Suite 7, Provident House,
Havilland Street, St Peter Port, Guernsey, GY1 2QE is set out at the end of this document.
Bramlin Shareholders will find enclosed with this document a Form of Proxy for use in connection with the Court
Meeting. Whether or not you intend to attend the Court Meeting in person, please complete and sign the enclosed
Form of Proxy in accordance with the instructions printed on it and return it to Suite 7, Provident House, Havilland
Street, St Peter Port, Guernsey, GY1 2QE as soon as possible and, in any event, so as to be received by no later
than 10 a.m. on 3 December 2008.
The distribution of this document in jurisdictions other than the United Kingdom may be restricted by the laws of those
jurisdictions and therefore persons into whose possession this document comes should inform themselves about and
observe any such restrictions. Failure to comply with any such restrictions may constitute a violation of the securities laws of
any such jurisdiction.
The New VOG Shares have not been and will not be registered under the U.S. Securities Act, in reliance upon the
exemption from the registration requirements of the U.S. Securities Act provided by Section 3(a)(10), and will be issued
thereof. In addition, the New VOG Shares have not been and will not be registered under the securities laws of any state in
the United States but will be issued in reliance on available exemptions from state law registration requirements. The New
VOG Shares have not been approved or disapproved by the U.S. Securities and Exchange Commission, any State
securities commission in the United States or any other U.S. regulatory authority, nor have any of the foregoing authorities
passed upon or endorsed the merits of the offering of the Scheme or the accuracy or adequacy of this document. Any
representation to the contrary is a criminal offence in the United States.
Fox-Davies Capital, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively as
financial adviser for Bramlin and no one else in connection with the Proposal and will not be responsible to anyone other
than Bramlin for providing the protections afforded to clients of Fox-Davies Capital or for providing advice in relation to the
Proposal or any other matters referred to in this document.
Strand Partners, which is authorised and regulated in the UK by the Financial Services Authority, is acting exclusively as
financial adviser for VOG and no one else in connection with the Proposal and will not be responsible to anyone other than
VOG for providing the protections afforded to clients of Strand Partners or for providing advice in relation to the Proposal or
any other matters referred to in this document.
The availability of the New VOG Shares to persons who are not resident in the United Kingdom may be affected by the
laws of the relevant jurisdictions in which they are located. Persons who are not resident in the United Kingdom should
inform themselves of and observe any applicable requirements.
The issue of the New VOG Shares pursuant to the Scheme will not constitute an offer to the public requiring an approved
prospectus under The Protection of Investors (Bailiwick of Guernsey) Law, 1987 (as amended) or any rules made
thereunder, as amended or section 85 of the Financial Services and Markets Act 2000, as amended and, accordingly, this
document does not constitute a prospectus for these purposes and has not been approved by either the Guernsey Financial
Services Commission nor the Financial Services Authority or by any other authority in any jurisdiction.
IMPORTANT NOTICE
The release, publication or distribution of this document in jurisdictions other than the United
Kingdom may be restricted by law and therefore persons who are subject to the laws of any
jurisdiction other than the United Kingdom should inform themselves about, and observe, any
applicable requirements. Any failure to comply with the restrictions may constitute a violation of the
securities laws of any such jurisdiction. To the fullest extent permitted by applicable law, the
companies involved in the Proposal disclaim any responsibility or liability for the violation of such
restrictions by any person. This document does not constitute an offer or an invitation to purchase
or subscribe for any securities or a solicitation of an offer to buy any securities pursuant to the
document or otherwise in any jurisdiction in which such offer or solicitation is unlawful.
Copies of this document are not being, and must not be directly or indirectly, mailed or otherwise
forwarded, distributed or sent in or into or from any jurisdiction where to do so would violate the
laws of that jurisdiction and persons receiving this document (including custodians, nominees and
trustees) must not mail or otherwise forward, distribute or send it into or from any such jurisdiction.
Overseas Shareholders should refer to paragraph 18 of Part Two of this document in respect of
the implications of the Scheme and the Proposal on their holdings of Bramlin Shares.
The statements contained herein are made as at the date of this document, unless some other
time is specified in relation to them, and service of this document shall not give rise to any
implication that there has been no change in the facts set forth herein since such date. Nothing
contained in this document shall be deemed to be a forecast, projection or estimate of the future
financial performance of Bramlin or VOG except where otherwise stated.
No person should construe the contents of this document as legal, financial or tax advice but
should consult their own advisers in connection with the matters contained herein.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This document contains certain forward-looking statements with respect to the expected timing of
the Scheme, the expected effects on Bramlin of the Scheme, anticipated earnings enhancements,
estimated cost savings and other synergies, potential strategic options, plans for and benefits of
integration, estimated future growth, market position and all other statements in this document
other than statements of historical fact. Forward-looking statements include, without limitation,
statements containing words such as ‘‘will’’, ‘‘may’’, ‘‘should’’, ‘‘continue’’, ‘‘aims’’, ‘‘believes’’,
‘‘expects’’, ‘‘estimates, ‘‘intends’’, ‘‘anticipates’’, ‘‘projects’’, ‘‘plans’’ or similar expressions. By their
nature, forward-looking statements involve known or unknown risks and uncertainties because they
relate to events and depend on circumstances that all occur in the future. Actual results may differ
materially from those expressed in the forward-looking statements depending on a number of
factors, including, but not limited to, the satisfaction of the conditions to the Scheme, future market
conditions, the behaviour of other market participants, the level of customers’ commercial activity
and changes in the economic climate, Many of these risks and uncertainties relate to factors that
Bramlin and VOG cannot control or estimate precisely, such as future market conditions and the
behaviour of other market participants. The forward-looking statements contained in this document
are made as of the date hereof and Bramlin and VOG assume no obligation and do not intend
publicly to update or revise these forward-looking statements, whether as a result of future events
or new information or otherwise as required pursuant to applicable law.
DEALING DISCLOSURE REQUIREMENTS
Under the provisions of Rule 8.3 of the Code, if any person is, or becomes, ‘‘interested’’ (directly
or indirectly) in one per cent. (1 per cent.) or more of any class of ‘‘relevant securities’’ of Bramlin
or VOG, all ‘‘dealings’’ in any such ‘‘relevant securities’’ (including by means of an option in respect
of, or a derivative referenced to, any such ‘‘relevant securities’’) must be publicly disclosed by no
later than 3:30 p.m. (London time) on the Business Day following the date of the relevant
transaction. This requirement will continue until the date of the Court Meeting or the date on which
the Scheme is withdrawn (or, if applicable, on which the Proposal becomes or is declared
unconditional as to acceptances or lapses or is otherwise withdrawn). If two or more persons act
together pursuant to an agreement or understanding, whether formal or informal, to acquire an
‘‘interest’’ in ‘‘relevant securities’’ of Bramlin or VOG, they will be deemed to be a single person for
the purpose of Rule 8.3 of the Code.
2
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
Under the provisions of Rule 8.1 of the Code, all ‘‘dealings’’ in ‘‘relevant securities’’ of Bramlin or
VOG must be disclosed by no later than 12 noon (London time) on the Business Day following the
date of the relevant transaction.
A disclosure table, giving details of the companies in whose ‘‘relevant securities’’ ‘‘dealings’’ should
be disclosed, and the number of such securities in issue, can be found on the Panel’s website at
www.thetakeoverpanel.org.uk.
‘‘Interests in securities’’ arise, in summary, when a person has long economic exposure, whether
conditional or absolute, to changes in the price of securities. In particular, a person will be treated
as having an ‘‘interest’’ by virtue of ownership or control of securities, or by virtue of any option in
respect of, or derivative referenced to, securities.
Terms in quotation marks are defined in the Code, which can also be found on the Panel’s
website. If you are in any doubt as to the application of Rule 8 to you, you should contact an
independent financial adviser authorised pursuant to the Financial Services and Markets Act 2000,
contact the Panel on [phone] or consult the Panel’s website at
www.thetakeoverpanel.org.uk
INFORMATION FOR UNITED STATES SHAREHOLDERS
This document is not an offer of securities for sale in the United States. The New VOG Shares,
which will be issued in connection with the Offer, have not been, and will not be, registered under
the US Securities Act or under the securities laws of any state, district or other jurisdiction of the
United States and no regulatory clearance in respect of the New VOG Shares has been, or will be,
applied for in any jurisdiction other than the United Kingdom. The New VOG Shares may not be
offered or sold in the United States absent registration under the US Securities Act or an
exemption from the registration requirements. The New VOG Shares will be issued in reliance
upon the exemption from the registration requirements of the US Securities Act provided by
Section 3(a)(10) of the US Securities Act.
For purposes of qualifying for this exemption from the registration requirements of the US
Securities Act, Bramlin and VOG will advise the Court that VOG intends to rely on this Section
3(a)(10) exemption based on the Court’s sanctioning of the Scheme, following a hearing on its
fairness to Bramlin Shareholders, at which hearing all Bramlin Shareholders are entitled to attend
in person or through counsel to support or oppose the sanctioning of the Scheme, and with
respect to which notification has been given to all Bramlin Shareholders. Under applicable US
securities laws, Bramlin Shareholders (whether or not US persons) who are or will be ‘‘affiliates’’ of
Bramlin or VOG prior to, or of VOG after, the Effective Date may be subject to certain restrictions
on the sale of the New VOG Shares received in connection with the Scheme, as discussed below.
New VOG Shares issued to a Bramlin Shareholder who is neither an ‘‘affiliate’’ (within the meaning
of the Securities Act), for the purposes of the US Securities Act, of Bramlin or VOG prior to the
Effective Date, nor an affiliate of VOG after the Effective Date, would not be ‘‘restricted securities’’
under the US Securities Act and such New VOG Shares may be sold by such person in ordinary
secondary market transactions without restriction under the US Securities Act. Persons who are
affiliates of Bramlin or VOG prior to the Effective Date, or an affiliate of VOG after the Effective
Date, may be subject to timing, manner of sale and volume restrictions on the sale of New VOG
Shares received in connection with the Scheme under Rule 145(d) under the US Securities Act.
Persons who may be deemed to be affiliates of VOG or Bramlin, as the case may be, include
individuals who, or entities that, control, directly or indirectly, or are controlled by or are under
common control with, VOG or Bramlin, as the case may be, and may include certain officers and
directors of such company and such company’s principal shareholders (such as a holder of more
than 10 per cent. of the outstanding capital stock). Bramlin Shareholders who are affiliates, in
addition to reselling their New VOG Shares in the manner permitted by Rule 145 under the US
Securities Act, may also sell their New VOG Shares under any other available exemption under
the US Securities Act, including Regulation S under the US Securities Act. Bramlin Shareholders
who believe they may be affiliates for purposes of the US Securities Act should consult their own
legal advisers prior to any sale of New VOG Shares received pursuant to the Scheme.
The New VOG Shares have not been and will not be listed on a US securities exchange or quoted
on any inter-dealer quotation system in the United States. VOG does not intend to take any action
to facilitate a market in New VOG Shares in the United States.
3
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
Neither the SEC nor any other US federal or state securities commission or regulatory authority
has approved or disapproved of the New VOG Shares or passed an opinion on the adequacy or
accuracy of this document. Any representation to the contrary is a criminal offence in the United
States.
The Offer is subject to the disclosure requirements and practices applicable in Guernsey and the
United Kingdom to schemes of arrangement, which differ from the disclosure and other
requirements of US securities laws. The financial information included in this document has been
prepared in accordance with UK GAAP and/or International Financial Reporting Standards (as
applicable) that may not be comparable to the financial statements of US companies. None of the
financial information in this document has been audited in accordance with auditing standards
generally accepted in the United States or the auditing standards of the Public Company
Accounting Oversight Board (United States).
Bramlin Shareholders who are citizens or residents of the United States or other jurisdictions
outside the United Kingdom should consult their own legal and tax advisers with respect to the
legal and tax consequences of the Scheme in their particular circumstances.
ENFORCEABILITY OF JUDGMENTS
VOG was incorporated in England and Wales under the Companies Act 1985 registered No.
5139892. All of the VOG Directors are citizens or residents of countries other than the United
States. All of the assets of such persons and a substantial portion of the assets of the VOG Group
are located outside the United States. As a result, it may not be possible for investors to effect
service of process within the United States upon such persons or VOG, or to enforce against them
judgments of US courts, including judgments predicated upon civil liabilities under the securities
laws of the United States or any state or territory within the United States. There is substantial
doubt as to the enforceability in Guernsey in original actions, or in actions for enforcement of
judgments of US courts, based on the civil liability provisions of US federal securities laws.
US TREASURY CIRCULAR 230 NOTICE
To ensure compliance with requirements imposed by the IRS, you are hereby notified that any
discussion of Federal tax issues contained or referred to in this document (i) is written in
connection with the promotion or marketing of the transaction or matters addressed herein, and (ii)
is not intended or written to be used, and cannot be used by any taxpayer, for the purpose of
avoiding US tax penalties. Each taxpayer should seek advice based on the taxpayer’s particular
circumstances from an independent tax adviser.
INFORMATION FOR AUSTRALIAN SHAREHOLDERS
This document does not constitute an offer of securities for sale requiring disclosure under the
Corporations Act (2001) (Australia) and does not constitute a prospectus for these purposes. As
such, this document has not been lodged or registered with the Australian Securities and
Investments Commission.
4
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
TO VOTE ON THE PROPOSAL
Whether or not you plan to attend the Court Meeting, please complete and return the Form of
Proxy, so as to be received by no later than 10 a.m. on 3 December 2008;
If you require assistance, please call the Bramlin Shareholder helpline between 9:00 a.m.
and 5:00 p.m. Monday to Friday (except UK public holidays) on
0207 960 9629 (from within the UK)
or
[phone] (from outside the UK)
Calls to the Bramlin Shareholder helpline from outside the UK will be charged at
applicable international rates. Different charges may apply to calls from mobile
telephones and calls may be recorded and randomly monitored for security and training
purposes. The helpline cannot provide advice on the merits of the Proposal nor give any
financial, legal or tax advice.
The completion and return of the Form of Proxy will not prevent you from attending and voting at
the Court Meeting, or any adjournment thereof, in person should you wish to do so and are so
entitled.
IT IS IMPORTANT THAT, FOR THE COURT MEETING, AS MANY VOTES AS POSSIBLE ARE
CAST SO THAT THE COURT MAY BE SATISFIED THAT THERE IS A FAIR AND
REASONABLE REPRESENTATION OF BRAMLIN SHAREHOLDER OPINION. YOU ARE
THEREFORE STRONGLY URGED TO COMPLETE, SIGN AND RETURN YOUR FORM OF
PROXY AS SOON AS POSSIBLE.
This page should be read in conjunction with the ACTION TO BE TAKEN set out on page 6 of
this document and the rest of the document.
5
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
ACTION TO BE TAKEN
The Court Meeting will be held at the Suite 7, Provident House, Havilland Street, St Peter Port,
Guernsey, GY1 2QE on 5 December 2008 at 10 a.m. The Scheme requires approval at this
meeting.
PleasecheckthatyouhavereceivedaFormofProxyforuseinrespectoftheCourtMeetingwith
this document.
If you have not received all of these documents, please contact Bramlin on the helpline telephone
number set out on page 5 of this document.
IT IS IMPORTANT THAT, FOR THE COURT MEETING, AS MANY VOTES AS POSSIBLE
ARE CAST SO THAT THE COURT MAY BE SATISFIED THAT THERE IS A FAIR AND
REASONABLE REPRESENTATION OF BRAMLIN SHAREHOLDER OPINION. YOU ARE
THEREFORE STRONGLY URGED TO COMPLETE, SIGN AND RETURN YOUR FORM OF
PROXY, AS SOON AS POSSIBLE.
To vote on the Scheme:
Whether or not you plan to attend the Court Meeting, please complete and sign the Form of Proxy
and return it to Suite 7, Provident House, Havilland Street, St Peter Port, Guernsey, GY1 2QE as
soon as possible, but in any event so as to be received by no later than 10 a.m. on 3 December
2008. This will enable your votes to be counted at the Court Meeting in the event of your absence.
If the Form of Proxy for use at the Court Meeting is not returned by 10 a.m. on 3 December 2008,
it may be handed to the Chairman of the Court Meeting before the start of the Court Meeting.
If you wish to appoint more than one proxy in respect of your shareholding, you should photocopy
the Form of Proxy as required. You should also read the ‘‘multiple Proxy Voting Instructions’’ set
out on the Form of Proxy, and note the principles that will be applied in relation to multiple proxies.
The completion and return of the Form of Proxy will not prevent you from attending and voting at
the Court Meeting, or any adjournment thereof, in person should you wish to do so and are so
entitled.
6
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
DIRECTORS AND ADVISERS
Directors of Bramlin Kevin Foo (Non-Executive Chairman)
Jimmy Ford (Chief Executive Officer)
Ernest Miller (Commercial Director)
Alan Thomas (Finance Director)
John Killer (Non-Executive Director)
Colin Manderson (Non-Executive Director)
William Kelleher (Non-Executive Director)
Company Secretary of Bramlin Leena Nagrecha
Registered and Head Office of Suite 7, Provident House
Bramlin Havilland Street
St. Peter Port
Guernsey
GY1 2QE
Nominated Adviser to Bramlin Zimmerman Adams International Ltd
12 Camomile Street
London
EC3A 7PT
Rule 3 Adviser and Broker to Fox-Davies Capital Limited
Bramlin Whitefriars House
6 Carmelite Street
London
EC4Y 0BS
Guernsey Advocates to Bramlin Babbe´
18-20 Smith Street
St Peter Port
Guernsey
GY1 4BL
English Solicitors to Bramlin Kerman & Co LLP
200 Strand
London
WC2R 1DJ
Accountants to Bramlin Nexia Smith & Williamson Audit Limited
25 Moorgate
London
EC2R 6AY
Registrars to Bramlin Capita Registrars Guernsey Limited
Longue Hougue House
St. Sampson
Guernsey
GY2 4JN
7
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
Directors of VOG Kevin Foo (Executive Chairman)
Grant Manheim (Executive Deputy Chairman)
Robert Palmer (Finance Director)
George Donne (Executive Director)
Rashed Al-Suwaidi (Non-Executive Director)
Philip Rand (Non-Executive Director)
Mukhtar Tuyakbayev (Non-Executive Director)
Company Secretary of VOG Leena Nagrecha
Registered Office of VOG Hatfield House
1st floor 52-54 Stamford Street
London
SE1 9LX
Nominated Adviser to VOG Strand Partners Limited
26 Mount Row
London
W1K 3SQ
Broker to VOG Jefferies International Limited
Vintners Place, 68 Upper Thames Street
London
EC4V 3BJ
English Solicitors to VOG Fladgate LLP
25 North Row
London
W1K 6DJ
Guernsey Advocates to VOG Collas Day
Manor Place
St Peter Port
Guernsey
GY1 4EW
Accountants to VOG Deloitte & Touche
Deloitte & Touche House
Earlsfort Terrace
Dublin 2
Ireland
Registrars to VOG Computershare Investor Services Plc
The Pavilions
Bridgwater Road
Bristol
BS99 6ZY
8
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
TABLE OF CONTENTS
Pages
Part One Letter of Recommendation from the Independent Bramlin Directors 11
Part Two Explanatory Statement from Bramlin’s Financial Adviser 19
Part Three Conditions to Implementation of the Scheme 33
Part Four Financial Information relating to VOG 38
Part Five Financial Information relating to Bramlin 92
Part Six Additional Information 114
Part Seven The Scheme of Arrangement 138
Part Eight Notice of Court Meeting 143
Part Nine Definitions 145
Appendix 1 Taxation 152
9
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Event Time and/or date
LatesttimeforlodgingFormofProxyforCourtMeeting 10 a.m. on 3 December 2008(1)
Voting Record Time 6 p.m. on 3 December 2008(2)
Court Meeting 10 a.m. on 5 December 2008
The following dates are subject to change;
please see note (3) below
Scheme Record Time 6 p.m. on 11 December 2008
Last day of dealings in, and for registration of
transfers of Bramlin Shares 11 December 2008
Court Hearing (to sanction the Scheme) 12 December 2008
Effective Date of the Scheme 12 December 2008
Cancellation to trading of Bramlin Shares on AIM 15 December 2008
Admission of New VOG Shares to trading on AIM 8:00 a.m. on 15 December 2008
CREST accounts credited with New VOG Shares
in uncertificated form Notlaterthan14daysaftertheEffectiveDate
Latest date for despatch of New VOG Shares in
certificated form Notlaterthan14daysaftertheEffectiveDate
Notes:
(1) Pleasesee‘‘ActionToBeTaken’’onpage6.
(2) IftheCourtMeetingisadjourned,theVotingRecordTimefortherelevantadjournedmeetingwillbe6:00p.m.ontheday
fallingtwodaysbeforethedayoftheadjournedmeeting.
(3) Thesetimesanddatesareindicativeonlyandwilldepend,amongotherthings,onthedateuponwhichtheCourtsanctions
theScheme,andthedateonwhichtheConditionsareeithersatisfiedor(wherecapableofwaiver)waived.
Unless otherwise stated, all references in this document to times are to London time.
The Court Meeting will be held at Suite 7, Provident House, Havilland Street, St Peter Port,
Guernsey GY1 2QE on 5 December 2008.
10
c99512pu010Proof8:12.11.08B/LRevision:0OperatorAytJ