Shareholders of Bermuda-based BCS Investments Limited will vote later this month on whether or not to put the company into voluntary liquidation.

In a Press statement released through the Bermuda Stock Exchange, company chairman Donald Lines revealed that investors were due to vote on the matter at a special general meeting called for January 25.

This is more or less a housekeeping matter after the company paid out significant amounts to investors in several dividend payments from October 2003. This has reduced the company's assets to a mere $300,000 which is anticipated to break down to a pay out of $1 per share following the shareholder vote later this month.

Mr. Lines said this was the course recommended during the last directors' meeting in October. For the vote to carry, 75 percent of the company's shareholders must vote in favour of liquidating the company.

The company's name was changed to BCS Investments Limited in October, 2003 after it sold off going concern Bermuda Computer Services Limited that same month.

Mr. Lines said in the statement that the name change had been done "to avoid confusion with the continuing operations of Bermuda Computer Services Limited".

The consolidated earnings of BCS Investments, for the year ended 31 October 2004, stood at $3,066 compared with $3.2 million in the ten months through the end of October 2003. That total included a $3 million gain on the sale of Bermuda Computer Services Limited.

At the end of October, the company had cash and short-term deposits of $327,490 after paying out a total of $3 million in dividend payments to shareholders ? broken down as $10 per share ? in October 2003. Then in June the company made another dividend payment to investors of $7.50 per share, distributing a total of $2.25 million.

And last October, investors got a further 50 cents per share when the company disbursed a further $150,000.

At the end of October, BCS Investments was reported as having liabilities of $16,833 including a provision of $10,000 to cover the anticipated cost of liquidating. The anticipated $1 per share or $300,000 total dividend payment to follow the January 25 vote would be the final payment to investors before the company's wind-up.