SoFi CEO enters prepaid forward contract on 1.5 million shares
LONDON - General Accident plc, a company incorporated in Scotland, announced today the effective cancellation and de-listing of two sets of its preference shares from the London Stock Exchange (LON:LSEG). The cancellation follows a court-sanctioned order and affects the £110 million 7.875% cumulative irredeemable preference shares and the £140 million 8.875% cumulative irredeemable preference shares.
The cancellation became effective on Monday, following the registration of the court order at the registrar of companies. The Financial Conduct Authority has confirmed the cancellation of the listing of these preference shares on the Official List, and trading on the London Stock Exchange’s main market for listed securities was automatically halted as of 8:00 a.m. today.
Preference shareholders can expect the cancellation settlement to occur on Friday, June 12, 2025. General Accident plc has engaged Jefferies International Limited and Lloyds (LON:LLOY) Bank Corporate Markets plc as dealer managers for the tender offer directed at institutional investors, with Computershare Investor Services PLC acting as the receiving agent and D.F. King Limited serving as the retail information agent.
Shareholders with inquiries about the cancellation can contact Aviva (LON:AV) at aviva.shareholders@aviva.com for preference shareholders, and the dealer managers for institutional investors.
The announcement is based on a press release statement and should be read in conjunction with the Shareholder Circular, the Advisory Vote Circular, and the Tender Offer Memorandum, which contain important information for preference shareholders. Preference shareholders are advised to seek financial and/or legal advice if they are uncertain about the effects of the cancellation or the action they should take.
This cancellation and de-listing announcement does not constitute an offer to buy or a solicitation of an offer to sell preference shares, and tenders of preference shares in the tender offer will not be accepted from shareholders in jurisdictions where such actions are unlawful. The tender offer is subject to specific terms and representations as detailed in the Tender Offer Memorandum, and any tender from shareholders unable to make these representations will not be accepted.
The forward-looking statements included in the announcement and the Tender Offer Memorandum are based on current expectations and are subject to risks and uncertainties that could cause actual results to differ materially. General Accident plc does not undertake any obligation to update these statements in light of new information or future events.
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