Brit Insurance today announces a proposed consolidation of its share capital, whereby every four existing ordinary shares of EUR1.00 will be consolidated into a new ordinary share of EUR4.00 (the ‘ Share Consolidation ‘).
The Share Consolidation, referred to in a prospectus and circular published in November 2009 in connection with the establishment of Brit Insurance as the new holding company of the Brit Insurance group, is subject to shareholder approval.
A circular will be published today, setting out further details of the Share Consolidation and convening a general meeting to seek the approval of Brit Insurance shareholders to the Share Consolidation.
