29th Mar 2006 13:32
BRIT Insurance Holdings PLC29 March 2006 FOR IMMEDIATE RELEASE 29 March 2006 Brit Insurance Holdings PLC Share Premium Account Reduction Brit Insurance Holdings PLC ("the Company"), the UK-based international generalinsurer and reinsurer, is pleased to announce that its proposal to reduce theCompany's share premium account by £180 million and to increase the level of itsdistributable reserves by an equivalent amount was today confirmed by the HighCourt. The share premium reduction will become effective on the registration by theCompany of the High Court order with the Registrar of Companies, which isanticipated by early April 2006. - ENDS - Enquiries Dane Douetil/Matthew Scales, Brit Insurance Holdings PLC 020 7984 8500 David Haggie, 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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