Allied Domecq has said that its reduction of capital has been confirmed by the UK's High Court. The Scheme is expected to become effective today on registration of an office copy of the Court Order by the Registrar of Companies.

The listing of the Ordinary Shares of Allied Domecq on the Official List is expected to be cancelled, at Allied Domecq's request, with effect from the commencement of business on 27 July 2005.

The company's 'mix and match' facility, under which Allied Domecq shareholders can vary the proportions of cash and shares they receive as part of the takeover, closed on July 21.

Allied Domecq Shareholders holding 101,027,394m Allied Domecq Shares, representing approximately 9.13%. of the existing issued ordinary share capital of Allied Domecq, had elected to receive additional cash and Allied Domecq Shareholders holding 707,960,955m Allied Domecq Shares, representing approximately 63.95%. of the existing issued ordinary share capital of Allied Domecq, had elected to receive additional New Pernod Ricard Shares.

Accordingly, valid elections under the Mix and Match Election for additional New Pernod Ricard Shares have been scaled back pro rata but elections for additional cash will be satisfied in full.

"We have been informed by Pernod Ricard that the New Pernod Ricard Shares are expected to be issued on 26 July 2005 and admitted to trading by Euronext on 27 July 2005. Societe Generale will issue and post statements of entitlement to New Pernod Ricard Shares by 9 August 2005," Allied said.