27th Nov 2007 16:14
Tawa PLC27 November 2007 Tawa plc27 November 2007 Tawa plc (the 'Company') Notice of Extraordinary General Meeting Following the announcement on 6 November 2007 regarding its entry into a stockpurchase agreement to acquire PXRE Reinsurance Company (the Connecticut, USAsubsidiary of Argo Group International Holdings, Ltd), the Company has todaysent shareholders a circular, form of proxy and notice convening anExtraordinary General Meeting ('EGM') to be held at 3.30pm on 20 December 2007at the offices of Dewey & LeBoeuf LLP, 8th floor, No. 1 Minster Court, MincingLane, London, EC3R 7YL. As stated in the announcement on 6 November 2007, it is intended that half ofthe acquisition cost will be financed through a proposed placing of new ordinaryshares with institutional investors with the balance coming from borrowings andexisting cash resources. At the EGM, shareholder approval will therefore besought to disapply statutory pre-emption rights in relation to the issue of newordinary shares. The proposed disapplication of statutory pre-emption rightswill also provide a margin over that required to finance the acquisition of PXREReinsurance Company. Copies of this announcement, the circular, the EGM notice and the form of proxyposted to shareholders are available on the Company's website: www.tawaplc.com Enquiries:+------------------------------------------------+-----------------------------+|Gilles Erulin, Chief Executive |020 7204 8000 ||Tawa plc | |+------------------------------------------------+-----------------------------+|David Haggie, Peter Rigby or Zoe Pocock |020 7417 8989 ||Haggie Financial | |+------------------------------------------------+-----------------------------+|James Britton, Guy Wiehahn or Gordon Suggett |020 7418 8900 ||KBC Peel Hunt (nominated adviser and broker) | |+------------------------------------------------+-----------------------------+ This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ACH.L