SECURITIES AND EXCHANGE COMMISSIONS
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15a-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2002
SCOTTISH POWER PLC
(Translation of Registrant's Name Into English)
CORPORATE OFFICE, 1 ATLANTIC QUAY, GLASGOW, G2 8SP
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F ___
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(Indicate by check mark whether the registrant by furnishing the
information contained in this form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes ___ No X
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(If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82-_____.)
FORM 6-K: TABLE OF CONTENTS
1. Press Release of Scottish Power plc, dated March 7, 2002, announcement
regarding confirmation of THUS Group plc demerger share entitlement
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
/s/ Scottish Power plc
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(Registrant)
Date March 7, 2002 By: /s/ Alan McCulloch
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Alan McCulloch
Assistant Company Secretary
Scottish Power plc ("ScottishPower")
Confirmation of THUS Group plc ("THUS") demerger share entitlement
ScottishPower announces that, following the closing of THUS plc's (Pounds)275
million open offer yesterday, which is expected to become unconditional on 12
March 2002, if the demerger of ScottishPower's interest in THUS proceeds,
ScottishPower shareholders will receive 49.97481096 THUS ordinary shares and
1.34942060 THUS participating preference shares for every 100 ScottishPower
ordinary shares held at 5.00 p.m. on 15 March 2002. The demerger is itself
conditional, inter alia, upon the THUS plc open offer becoming unconditional in
all respects and the THUS plc scheme of arrangement becoming effective.
As previously announced, fractional entitlements to THUS ordinary shares will
not be distributed but will be sold for the benefit of ScottishPower (in the
case of fractional entitlements arising from the special dividend effecting the
demerger) and THUS (in the case of fractional entitlements arising from the
conversion of THUS participating preference shares into THUS ordinary shares).
If the resolution to approve the conversion of the THUS participating preference
shares into ordinary shares is passed, ScottishPower shareholders would receive
2.80346820 THUS ordinary shares for every THUS participating preference share,
resulting in ScottishPower shareholders receiving approximately 3.78305773 THUS
ordinary shares for every 100 ScottishPower ordinary shares held at 5.00 p.m. on
15 March 2002. On this basis, the total number of THUS ordinary shares received
would be approximately 53.75786869 for every 100 ScottishPower ordinary shares
held at 5.00 p.m. on 15 March 2002. Exact numbers for each individual
shareholder will be determined following the calculation of fractional
entitlements.
Shareholders should note that the record time for the demerger is 5.00 p.m. on
15 March 2002 and that the demerger is expected to become effective at 4.30 p.m.
on 19 March 2002. THUS has convened an extraordinary general meeting to approve
the THUS participating preference share conversion at 5.00 p.m. on 19 March
2002, which is expected to become effective on the following day.
Enquiries:
ScottishPower
Colin McSeveny, Media 0141 636 4515
Andrew Jamieson, Investors 0141 636 4527
HSBC Investment Bank plc
Peter Jones 020 7336 9315
John Hannaford 020 7336 2006
HSBC Investment Bank plc is acting exclusively for ScottishPower and no one else
in connection with the proposals described in this announcement and will not be
responsible to anyone other than ScottishPower for providing the protections
afforded to its clients or for providing advice in relation to such proposals or
the contents of this announcement.