LONDON, March 5, 2004 (PRIMEZONE) -- The Board of Brit Insurance Holdings PLC announces that it has now approved the Circulars to shareholders and stockholders, to be posted today.
Key dates and further information are as follows:
Proposed reduction of share premium account by GBP170 million.
Date of stockholder and shareholder general meetings to consider and vote on the proposals: 29 March 2004.
Court Order hearing to consider the reduction of the share premium account due by the end April 2004.
In the absence of unforeseen circumstances, it is the Board's intention to declare the early interim dividend of 2 pence per ordinary share within one month of receipt of the Court Order.
40.6 per cent. by value of stockholders have signed irrevocable undertakings to vote in favour of the proposals.
A copy of the circulars has been submitted to the UK listing authority and will shortly be available for inspection at the UK Listing Authority's document viewing facility, which is situated at:
Financial Services Authority
25 North Colonnade
Canary Wharf
London E14 5HS
Tel. +44 (0)20 7676 1000
This information is provided by RNS
The company news service from the London Stock Exchange