27th Oct 2006 14:00
Royal & Sunalliance Announces Steps to Deregister from the SEC Royal & Sun Alliance Insurance Group plc (R&SA) announces the next steps in theprocess to deregister from the SEC and suspend its SEC reporting obligations.This process follows the announcement on 28 September of R&SA's intention toderegister from the SEC and subsequent shareholder approval gained on 26October. In order to deregister from the SEC, R&SA must certify that there are less than300 US holders of each relevant class of security, whether held directly orindirectly. Using the compulsory transfer powers under the Articles ofAssociation, R&SA intends to reduce the number of US residents holding R&SAordinary shares (directly or indirectly) to less than 300 persons and todaydetermined that those US holders with an interest in less than 250,000 R&SAordinary shares (equivalent to 50,000 ADRs) will be required to sell their R&SAordinary shares. It is anticipated that sale notices will be despatched to thoseUS holders today. R&SA's website (http://www.royalsun.com/royalsun/faq_us/) sets out a list offrequently asked questions with further information regarding the compulsorysale process. Alternatively contact the US shareholder helpline on:1-866-753-7986 (if calling from the US), 0800 288 9411 (if calling from the UK)or +44 (0) 8782 3695 (if calling from outside the US or the UK). For further information: \* TAnalysts Press------------------------------------------------------------------------------------------Helen Pickford Phil Wilson-Brown Luke ThomasHead of Investor Relations Head of External CommunicationsDeputy Group Company Secretary------------------------------------------------------------------------------------------Tel: +44 (0) 20 7111 7212 Tel: +44 (0) 20 7111 7047 Tel: +44 (0) 20 7111 7032------------------------------------------------------------------------------------------\* T Copyright Business Wire 2006Related Shares:
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