8th Feb 2006 07:00
BRIT Insurance Holdings PLC08 February 2006 PRESS RELEASEFOR IMMEDIATE RELEASE 8 February 2006 Brit Insurance Holdings PLC Reduction of Share Premium Account Brit Insurance Holdings PLC ("the Company") the UK-based international generalinsurer and reinsurer, announces that as previously advised it is proposing areduction of its share premium account by £180 million in order to increase thelevel of its distributable reserves by an equivalent amount. The proposed reduction of the Company's share premium account requiresshareholder approval and confirmation by the Court before it can becomeeffective. The Company is sending a Circular to shareholders today, conveningan extraordinary general meeting of shareholders on 3 March 2006. It isexpected that the proposed reduction will become effective by the end of March2006. A copy of the Circular is being submitted to the UK Listing Authority and willshortly be available for inspection at the UK Listing Authority's documentviewing facility, which is situated at: Financial Services Authority25 North ColonnadeCanary WharfLondon E14 5HS Tel. +44 (0)20 7676 1000 Enquiries Dane Douetil/Matthew Scales, Brit Insurance Holdings PLC 020 7984 8500David Haggie/Peter Rigby, Haggie Financial 020 7417 8989 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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