7th Dec 2009 07:00
Court sanctions Scheme to transfer Arran Insurance Company Limited to Chevanstell Limited
On December 4, the High Court Of Justice sanctioned the scheme involving the transfer of Arran Insurance Company Limited ("Arran"), a wholly owned subsidiary of Randall & Quilter Investment Holdings plc ("RQIH"), and all the assets and liabilities attributable to Arran, to Chevanstell Limited, another wholly owned subsidiary of RQIH, under PART VII of the Financial Services and Market Act 2000.
The Scheme shall take effect at 2pm on December 8, 2009. The Scheme will increase the regulatory capital surplus of both Chevanstell and the Group's Insurance Company Division overall and is an important step in maximising the Group's capital efficiency.
Enquiries:
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Randall & Quilter Investment Holdings plc |
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Alan Quilter |
Tel: 020 7780 5943 |
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Tom Booth |
Tel: 020 7780 5895 |
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Clean Communications |
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PJ Lewis |
Tel: 07932 351 704 |
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Email: [email protected] |
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Noble & Company Limited |
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John Riddell |
Tel: 020 7763 2200 |
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Numis Securities Limited |
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Charles Farquhar |
Tel: 020 7260 1233 |
Related Shares:
RQIH.L