15th May 2006 07:03
BRIT Insurance Holdings PLC15 May 2006 PRESS RELEASE15 May 2006 BRIT INSURANCE HOLDINGS PLC SHARE CONSOLIDATION AND BLOCK LISTING APPLICATION Brit Insurance Holdings PLC ("the Company"), the UK-based international generalinsurer and reinsurer, announces that the one for three consolidation of itsordinary shares approved by shareholders on 25 April 2006 takes effect fromtoday, 15 May 2006, and its current issued share capital is now 327,370,267ordinary shares of 75 pence each. The Company further announces that it has made a block listing application tothe Financial Services Authority and the London Stock Exchange. The application is for an aggregate of up to 9,719,270 ordinary shares of 75pence each in the Company to trade on the London Stock Exchange and to beadmitted to the Official List upon issuance. The shares may be issued uponexercise of options granted under the Company's share option schemes as follows: Name of incentive scheme Number of ordinary 75p shares Brit Insurance Executive Share Option Scheme 2003 6,334,435Brit 1998 Approved Executive Share Option Scheme 234,889Brit 1998 Approved Executive Share Option Scheme - Part 114,646Brit 1998 Unapproved Executive Share Option Scheme 2,996,134Brit 1998 Unapproved Executive Share Option Scheme - Part 39,166 The shares will rank pari passu with the existing issued shares of the Companyand it is expected that admission will become effective today, 15 May 2006. -Ends- Enquiries: Lucie Gilbert, Deputy Secretary Brit Insurance Holdings PLC 020 7984 8664 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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