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Omega Ins Hldg Ld (OIH)

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Monday 25 June, 2012

Omega Ins Hldg Ld

Further re Recommended Cash Acquisition

RNS Number : 0208G
Omega Insurance Holdings Limited
25 June 2012
 



For immediate release

 

Not for release, publication or distribution, in whole or in part, directly or indirectly, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction

 

25 June 2012

 

 

Omega Insurance Holdings Limited ("Omega" or the "Company")

 

Further Re Recommended Cash Acquisition

 

 

Omega announces that in connection with the recommended cash acquisition (the "Acquisition") by Canopius Group Limited ("Canopius") the Company has been served with an originating summons by Mr. John Robinson, who holds 18,089,286 Omega common shares, instituting proceedings under the Bermuda Companies Act for the Supreme Court to appraise the fair value of his shares relative to the 67p price payable pursuant to the Acquisition. The Company will defend the proceedings. This is the sole claim that has been made within the requisite one-month period.

 

This action will not affect the timetable for completion of the Acquisition, which was approved by holders of 90.3% of Omega's common shares voted at the special general meeting and is expected to complete once the remaining regulatory conditions have been satisfied.

 

 

 

Enquiries:

 

Haggie Financial      

Tel: +44 (0) 20 7417 8989

David Haggie or Juliet Tilley


This information is provided by RNS
The company news service from the London Stock Exchange
 
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