Subsequent Events (Notes)

3 Months Ended

Sep. 28, 2013

Subsequent Events [Abstract]

Subsequent Events

SUBSEQUENT EVENTS

On October 21, 2013 the following capital transactions occurred in anticipation of the acquisition of Elan:

• The shareholders of PCL authorized the capital of PCL to be increased by the creation of 10,000,000 preferred shares of $0.00001 par value per share.

• The shareholders of PCL authorized the cancellation of 1,800,000,000 authorized but unissued ordinary shares of €0.05 par value per share.

• PCL consolidated its 2,000 authorized and issued ordinary shares of €0.05 par value per share into 100 ordinary shares of €1.00 par value per share.

• PCL consolidated its 199,998,000 authorized but unissued ordinary shares of €0.05 par value per share into 9,999,900 ordinary shares of €1.00 par value per share.

• PCL subdivided its 100 authorized and issued ordinary shares of €1.00 par value per share into 100,000 ordinary shares of €0.001 par value per share.    

• PCL subdivided its authorized but unissued 9,999,900 ordinary shares of €1.00 par value per share into 9,999,900,000 ordinary shares of €0.001 par value per share.

• PCL acquired and immediately canceled 99,993 of its authorized and issued ordinary shares of  €0.001 par value per share for nil consideration.

• PCL acquired 1 preference share of €0.001 par value per share of Clepe Limited, a Cayman entity.

• PCL issued 8 ordinary shares of €0.001 par value per share to Clepe Limited for an equivalent number of preference shares in Clepe Limited.

On October 22, 2013 the following capital transactions occurred in anticipation of the acquisition of Elan:

• PCL issued 23,000,000 ordinary shares of €0.001 par value per share to Habsont for an equivalent number of preference shares in Habsont.

• PCL issued 40,000 of deferred ordinary shares of €1.00 par value per share to Tudor Trust Limited for future payment in cash.