If the domain is .com / .net / .org / .biz / .info then it will get renewed for 1 more year and the Expiration date will become 10-Dec-2009.
To transfer the domain first you need to remove Registrar-Lock from 123-reg control panel and then contact our billing team to initiate transfer of the domain. You will also need to provide us with the domain transfer authorization EPP key which should be available in your 123-reg control panel once you remove the registrar-lock.
If the domain name is .co.uk domain then you will simply need to change its IPS tags from your 123-reg control panel and make them point to "ENOM" and we will accept your domain name in our registration.
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