Directorate Change
March 23 2011 - 1:18PM
UK Regulatory
TIDMBRE
23 March 2011
Brit Insurance Holdings N.V. ("Brit Insurance" or the "Company")
DIRECTOR CHANGES
Director changes
As set out in the offer document issued by Achilles Netherlands Holdings B.V.
("Achilles") on 23 November 2010 (the "Offer Document") John Barton, non-
executive chairman of Brit Insurance, has resigned with immediate effect as a
consequence of the settlement of the Contingent Value Payment.
Other than as expressly set out in this announcement, capitalised terms used in
this announcement shall have the meaning given to them in the Offer Document.
Enquiries:
Haggie Financial, for Brit Insurance
Tel: +44 (0)207 417 8989
Peter Rigby
Rubenstein Associates, for Apollo Tel:
+1 (212) 843 8590
Charles Zehren
Brunswick Group, for CVC Tel: +44 (0)207
404 5959
Carole Cable
Further information
Achilles is a company formed on behalf of funds managed by Apollo Management
VII, L.P. and funds advised by CVC Capital Partners Limited.
This announcement will be available on Brit Insurance's website
(http://investor.britinsurance.com/phoenix.zhtml?c=133807&p=irol-
disclaimer100610) by no later than 12 noon (London time) on 24 March 2011.
This announcement does not constitute, and must not be construed as, an offer to
sell or an invitation to purchase or subscribe for any securities or the
solicitation of an offer to purchase or subscribe for any securities, pursuant
to the Offer or otherwise. The full terms and conditions of the Offer, including
details of how the Offer may be accepted, are set out in the Offer Document.
The release, publication or distribution of this announcement in certain
jurisdictions may be affected by the laws of relevant jurisdictions. Persons who
are subject to the laws of any jurisdiction other than the United Kingdom or the
Netherlands or are not resident in the United Kingdom or the Netherlands will
need to inform themselves about, and observe, any applicable requirements. This
announcement has been prepared for the purpose of complying with English and
Dutch law and the information disclosed may not be the same as that which would
have been prepared in accordance with the laws of jurisdictions outside the
United Kingdom and the Netherlands.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Brit Insurance Holdings N.V. via Thomson Reuters ONE
[HUG#1499534]
Brit Insurance (LSE:BRE)
Historical Stock Chart
From Jun 2024 to Jul 2024
Brit Insurance (LSE:BRE)
Historical Stock Chart
From Jul 2023 to Jul 2024