Shareholders of New York-listed insurer and reinsurer ACE have voted to increase the number of authorised ordinary shares of the company by 200 million, to a total of 500 million shares.
At an extraordinary general meeting, shareholders also approved a proposal to increase the number of authorised other shares from 10 million to 20 million.
The other shares may be issued in one or more classes, with dividend rates, voting rights, conversion rates, preferences and restrictions, as established by the board of directors.
