PARIS, July 31, 2001 (PRIMEZONE) -- As previously announced in a press release of May 23, 2001, the contribution of the shares of Sorema S.A. and Sorema N.A. by GROUPAMA to SCOR (NYSE:SCO) was approved at the Extraordinary Shareholders' Meeting held in Paris on Tuesday, July 31, 2001, chaired by Jacques Blondeau.
GROUPAMA will receive 6,370,370 new SCOR shares issued for this transaction. The resulting increase in SCOR's shareholders' equity of EUR 344 million includes an increase in capital of EUR 24 million and a premium of EUR 320 million.
The meeting adopted all the others resolutions submitted for approval, among which, new provisions to facilitate the vote of shareholders at future Shareholders' Meetings.
With 30 offices around the world, serving clients in over 150 countries, SCOR is France's largest reinsurer and one of the industry's world leaders. Thanks to its ability to provide innovative technical and service support, SCOR Group has built up a well-balanced portfolio of Property and Casualty, Life, Accident & Health and Specialty reinsurance products and services. The Group's ratings, which include AA from Fitch IBCA, A+ (Superior) from AM BEST, and AA- from Standard & Poor's, reflect its financial strength and underwriting expertise. SCOR shares, which belong to the SBF 120, Bloomberg European Insurance and Dow Jones STOXX indexes, are listed in Paris, Frankfurt and New York. SCOR has a widely diversified international shareholder base, with more than 30,000 shareholders in 55 countries.
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