Hiscox has today completed its move to introduce a new Bermudian domiciled holding company for the group (Hiscox Ltd). New ordinary shares of Hiscox Ltd have commenced trading on the London Stock Exchange.
The Court Order, made by the High Court on 11 December 2006, sanctioning the scheme of arrangement and associated capital reduction implementing the corporate reorganisation has today been delivered to the Registrar of Companies in England and Wales for registration and has been registered.
Hiscox plc's shares were de-listed from the Official List and from the London Stock Exchange's main market for listed securities earlier today.
Hiscox Ltd will put in place a dividend access mechanism which is designed to preserve the current UK tax treatment of UK-resident shareholders in relation to dividends to be paid by Hiscox Ltd.
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