29th Jun 2007 09:05
BRIT Insurance Holdings PLC29 June 2007 29 June 2007 Brit Insurance Holdings PLCTransaction in own shares during close period Brit Insurance Holdings PLC ("the Company"), the UK-domiciled internationalgeneral insurer and reinsurer, announces that, as the Company will shortly beentering a close period, the Company has entered into an irrevocable arrangementwith its brokers, Citigroup Global Market U.K. Equity Limited ("Citi") and NumisSecurities Limited ("Numis") to repurchase on its behalf and within certainpre-set parameters, Ordinary Shares of 75p each in the Company between 2 July2007 and 3 September 2007. The repurchased shares will all be held as Treasury Shares. Citi and Numis havebeen granted the authority to repurchase shares up to an aggregate value,including costs, of £50 million, including shares already acquired under thecurrent share buy-back programme which was announced on 6 March 2007. As at 28June 2007, 11,503,000 shares have been purchased at a cost of around £39.95million. This arrangement is in accordance with Rules 12.2.1R and 12.4.4R of the ListingRules and the Company's general authority to repurchase shares. For enquiries: Andrew ThompsonCitigroup Global Market U.K. Equity Limited020 7986 0517 Oliver HemsleyNumis Securities Limited020 7260 1256 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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