Hiscox PLC
26 September 2002
FOR IMMEDIATE RELEASE 26 September 2002
HISCOX PLC
Result of EGM
At the extraordinary general meeting of Hiscox plc (the 'Company'), which took
place earlier today, the resolutions put to shareholders of the Company relating
to the rights issue, announced on 10 September 2002, were duly passed.
Accordingly, Provisional Allotment Letters in respect of the Rights Issue will
be posted today and dealings in the New Ordinary Shares, nil paid, are expected
to commence at 8.00am tomorrow, 27 September. The latest time and date for
acceptance is expected to be 10.30am on 21 October 2002.
Terms in this announcement shall bear the same meaning, unless the context
otherwise requires, as defined in the prospectus published on 10 September 2002
in respect of the Rights Issue.
Robert Hiscox, Chairman of Hiscox, commented:
'The shareholders have approved the rights issue. The funds raised will
significantly strengthen the Group and enable us to take full advantage of the
exceptional underwriting conditions which we are currently enjoying. I am
confident that shareholders' support will be well rewarded.'
Enquiries:
Hiscox plc
Robert Hiscox / Bronek Masojada / Stuart Bridges 020 7448 6000
ING Barings
Ben Money-Coutts / Simon Edwards 020 7767 1000
NM Rothschild
Philip Swatman / Jonathan Eddis 020 7280 5000
The Maitland Consultancy
Suzanne Bartch 020 7379 5151
This information is provided by RNS
The company news service from the London Stock Exchange
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