16th Nov 2007 15:36
Announcement of posting of shareholder circular for the proposed return ofcapital of £120 million On 14 November 2007 Amlin plc ("Amlin") announced its intention to returnapproximately £120 million of capital to shareholders (the "Return of Capital"),subject to shareholder approval. This equates to 22.4 pence per ordinary share.It also announced that the Return of Capital will be through an issue of BShares, which will give shareholders a choice as to when and in what form theyreceive their proceeds. Amlin has today posted a circular to shareholders ("Circular") containing fulldetails of the B Share issue and the associated share capital consolidation aswell as a notice convening an Extraordinary General Meeting of the Company to beheld at its offices at 11.30 a.m. on Wednesday 12 December 2007 ("EGM"). A summary of the timetable is as follows. Please note that all events followingthe EGM and following admission of the New Shares are conditional uponshareholder approval being obtained at the EGM and upon admission(respectively). Further, please note that the record date is 6.00 p.m. on 14December 2007 (this was incorrectly stated as 14 December 2008 on the previousannouncement). \* T 2007Latest time and date for receipt of EGM proxies 11:30 a.m. on 10 DecemberEGM 11:30 a.m. on 12 DecemberLatest time and date for dealings in Existing Shares 6.00 p.m. on 14 DecemberRecord Date for the Return of Capital 6.00 p.m. on 14 DecemberIssue of B Shares 17 DecemberNew Shares admitted to the Official List and to trading on the 8.00 a.m. on 17 December London Stock Exchange's main market for listed securitiesDealings in New Shares commence and New Shares entered into 8.00 a.m. on 17 December CRESTDespatch of share certificates in respect of New Shares By 24 December 2008Latest time for receipt of Election Forms and USE instructions 3.00 p.m. on 9 January from CREST holders in relation to electing for the B Share AlternativesFirst Redemption Date of B Shares 14 JanuaryInitial B Share Dividend declared and B Shares in respect of 14 January which the Initial B Share Dividend is payable convert into Deferred SharesCREST accounts credited with B Shares retained (for shares 17 January elected for Future Redemption)Despatch of B Share certificates (for shares elected for 17 January Future Redemption)Despatch of cheques and proceeds credited to CREST accounts in 17 January respect of the Initial B Share Dividend and B Shares redeemed under the Initial Redemption\* T Copies of the Circular, and of the form of proxy for the EGM and the form ofelection whereby shareholders may elect for different alternatives regardingtheir B Shares, have also been submitted to the UK Listing Authority and willshortly be available for viewing at their document viewing facility situated at: Financial Services Authority 25 The North Colonnade London E14 5HS. The Circular may also be found on Amlin's website at www.amlin.com Enquiries: \* TCharles Philipps, Chief Executive, Amlin plc 0207 746 1000Richard Hextall, Finance Director, Amlin plc 0207 746 1000Hannah Bale, Head of Communications, Amlin plc 0207 746 1000Bob Cowdell, Hoare Govett Limited 0207 678 8000John MacGowan, Hoare Govett Limited 0207 678 8000\* T Copyright Business Wire 2007Related Shares:
Aston Martin Lagonda