Hiscox has confirmed that the Chubb Corporation intends to vote against the proposed Hiscox rights issue.
In a prepared statement Hiscox said: "The board of Hiscox notes the announcement made e ...
Hiscox has confirmed that the Chubb Corporation intends to vote against the proposed Hiscox rights issue.
In a prepared statement Hiscox said: "The board of Hiscox notes the announcement made earlier this afternoon by the Chubb Corporation that its wholly owned subsidiary Chubb Investment Services Limited intends, in respect of its holding of 54,529,566 Hiscox ordinary shares, to vote against resolutions to enable the proposed Hiscox rights issue to proceed."
Chubb Investment Services has not made any advance commitment in respect of its entitlement to take up shares under the rights Issue.
An EGM will be held at Hiscox's offices, 1 Great St Helen's, London, EC3A 6HX at 11 am on 26 September.
