RSA Insurance Group (GB:RSAB) has released an update.
RSA Insurance Group Limited has announced the successful passage of resolutions regarding the cancellation of their £125,000,000 7.375% cumulative irredeemable preference shares, alongside the cancellation of the issuer’s share premium account. Shareholders have voted in favor, with a vast majority, of both the cancellation of preference shares and the share premium account. As a consequence, trading of these preference shares on the London Stock Exchange will be suspended and ultimately cease, with final payments to registered holders expected by 30 July 2024.
For further insights into GB:RSAB stock, check out TipRanks’ Stock Analysis page.
