RSA Insurance Group (GB:RSAB) has released an update.
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RSA Insurance Group Limited has announced the successful passage of resolutions regarding the cancellation of their £125,000,000 7.375% cumulative irredeemable preference shares, alongside the cancellation of the issuer’s share premium account. Shareholders have voted in favor, with a vast majority, of both the cancellation of preference shares and the share premium account. As a consequence, trading of these preference shares on the London Stock Exchange will be suspended and ultimately cease, with final payments to registered holders expected by 30 July 2024.
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