Posting of Shareholder Circular for the Return ...
Amlin Plc
Announcement of posting of shareholder circular for the proposed return of
capital of £120 million
On 14 November 2007 Amlin plc ('Amlin') announced its intention to return
approximately £120 million of capital to shareholders (the 'Return of Capital'),
subject to shareholder approval. This equates to 22.4 pence per ordinary share.
It also announced that the Return of Capital will be through an issue of B
Shares, which will give shareholders a choice as to when and in what form they
receive their proceeds.
Amlin has today posted a circular to shareholders ('Circular') containing full
details of the B Share issue and the associated share capital consolidation as
well as a notice convening an Extraordinary General Meeting of the Company to be
held at its offices at 11.30 a.m. on Wednesday 12 December 2007 ('EGM').
A summary of the timetable is as follows. Please note that all events following
the EGM and following admission of the New Shares are conditional upon
shareholder approval being obtained at the EGM and upon admission
(respectively). Further, please note that the record date is 6.00 p.m. on 14
December 2007 (this was incorrectly stated as 14 December 2008 on the previous
announcement).
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*T
2007
Latest time and date for receipt of EGM proxies 11:30 a.m. on 10 December
EGM 11:30 a.m. on 12 December
Latest time and date for dealings in Existing Shares 6.00 p.m. on 14 December
Record Date for the Return of Capital 6.00 p.m. on 14 December
Issue of B Shares 17 December
New Shares admitted to the Official List and to trading on the 8.00 a.m. on 17 December
London Stock Exchange's main market for listed securities
Dealings in New Shares commence and New Shares entered into 8.00 a.m. on 17 December
CREST
Despatch of share certificates in respect of New Shares By 24 December
2008
Latest time for receipt of Election Forms and USE instructions 3.00 p.m. on 9 January
from CREST holders in relation to electing for the B Share
Alternatives
First Redemption Date of B Shares 14 January
Initial B Share Dividend declared and B Shares in respect of 14 January
which the Initial B Share Dividend is payable convert into
Deferred Shares
CREST accounts credited with B Shares retained (for shares 17 January
elected for Future Redemption)
Despatch of B Share certificates (for shares elected for 17 January
Future Redemption)
Despatch of cheques and proceeds credited to CREST accounts in 17 January
respect of the Initial B Share Dividend and B Shares redeemed
under the Initial Redemption
*T
Copies of the Circular, and of the form of proxy for the EGM and the form of
election whereby shareholders may elect for different alternatives regarding
their B Shares, have also been submitted to the UK Listing Authority and will
shortly be available for viewing at their document viewing facility situated at:
Financial Services Authority
25 The North Colonnade
London E14 5HS.
The Circular may also be found on Amlin's website at www.amlin.com
Enquiries:
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*T
Charles Philipps, Chief Executive, Amlin plc 0207 746 1000
Richard Hextall, Finance Director, Amlin plc 0207 746 1000
Hannah Bale, Head of Communications, Amlin plc 0207 746 1000
Bob Cowdell, Hoare Govett Limited 0207 678 8000
John MacGowan, Hoare Govett Limited 0207 678 8000
*T
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