15th Jan 2008 08:59
Announcement of the results of the Return of Capital As announced on 12 December 2007, Amlin plc ("Amlin") approved a return ofcapital of approximately £120.4 million to shareholders by way of a B shareissue combined with a consolidation of Amlin's existing ordinary shares on thebasis of 8 new ordinary shares for 9 existing ordinary shares (the "Return ofCapital"). The new ordinary shares were issued and commenced trading on 17December 2007. As part of the Return of Capital, shareholders were given the following choices: -- to have their B shares redeemed for 22.4 pence each (the default alternative in the absence of any election to the contrary); and/or -- to take an initial dividend of 22.4 pence in respect of each of their B shares; and/or -- to retain their B shares for redemption in the future. Amlin today announces that shareholders holding in aggregate: -- 423,449,598 B shares (representing 78.79% of the total number of B shares issued) have elected by default to have their B shares redeemed and accordingly 423,449,598 B shares were redeemed on 14 January 2008; -- 102,635,603 B shares (representing 19.10% of the total number of B shares issued) have chosen to receive the initial dividend; and -- 11,379,418 B shares (representing 2.11% of the total number of B shares issued) have chosen to retain their B shares to be redeemed in the future on 1 August 2008, 2 February 2009 and/or 3 August 2009 (or such later dates as the directors may determine). Payments in respect of the B shares redeemed on 14 January 2008 will be settledthrough the CREST system on 17 January 2008 or, for certificated holders,cheques are expected to be despatched on 17 January 2008. The initial dividenddeclared as at 14 January 2008 will be settled either by cheque or directly toshareholders' mandated accounts where applicable, also on the 17 January 2008. The B shares on which the initial dividend was declared were converted on 14January 2008 into deferred shares and will shortly be redeemed, as envisaged inthe circular to shareholders dated 16 November 2007 - ENDS - Enquiries: Charles Pender, Company Secretary, Amlin plc 020 7746 1000 Copyright Business Wire 2008Related Shares:
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