ARDEE, Ireland, Aug. 21 /PRNewswire-FirstCall/ -- Warner Chilcott (Nasdaq: WCRX) announced today that its redomestication has been completed and the ultimate public holding company of the Warner Chilcott group is now organized in, and a tax resident of, Ireland. The transaction was completed on August 20, 2009, following receipt of the required approval from the Supreme Court of Bermuda on August 14, 2009.
As a result of the transaction, each shareholder of Warner Chilcott Limited Class A common shares, par value $0.01 per share, received ordinary shares, par value $0.01 per share, of Warner Chilcott plc on a one-for-one basis, and Warner Chilcott Limited became a wholly owned subsidiary of Warner Chilcott plc, a newly formed public limited company organized in, and a tax resident of, Ireland. Shares of Warner Chilcott plc will begin trading on the NASDAQ Global Market ("NASDAQ") on August 21, 2009, under the symbol "WCRX," the same symbol under which Warner Chilcott Limited's shares traded. Warner Chilcott plc will be subject to U.S. Securities and Exchange Commission reporting requirements, prepare its financial statements in U.S. dollars and be subject to U.S. Generally Accepted Accounting Principles (GAAP).
The Company
Warner Chilcott is a leading specialty pharmaceutical company currently focused on the women's healthcare and dermatology segments of the U.S. pharmaceuticals market. It is a fully integrated company with internal resources dedicated to the development, manufacturing and promotion of its products. WCRX-G
Forward Looking Statements
This press release contains forward-looking statements, including statements concerning our operations, our economic performance and financial condition, and our business plans and growth strategy and product development efforts. These statements constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words "may," "might," "will," "should," "estimate," "project," "plan," "anticipate," "expect," "intend," "outlook," "believe" and other similar expressions are intended to identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. These forward-looking statements are based on estimates and assumptions by our management that, although we believe to be reasonable, are inherently uncertain and subject to a number of risks and uncertainties.
