Norwich Union PLC - Merger Update
May 22 2000 - 8:21AM
UK Regulatory
RNS Number:9711K
Norwich Union PLC
22 May 2000
Merger of CGU plc ("CGU") and Norwich
Union plc ("Norwich Union")
At the Court hearing held earlier today, the Court
sanctioned the scheme of arrangement ("Scheme") relating to
the proposed merger of CGU and Norwich Union.
All of the required regulatory approvals relating to the
merger have now also been received.
It is expected that the Scheme will become effective on
Tuesday, 30 May 2000 at which time CGU plc will change its
name to CGNU plc and that dealings in the new CGNU plc
ordinary shares to be issued to Norwich Union shareholders
will commence on that day. On this basis, the last day of
dealings in Norwich Union ordinary shares will be Friday, 26
May 2000.
Analyst contacts:
Norwich Union
Rebecca Burrows on (01603) 680117
CGU
Steve Riley on (020) 7662 8115
Media contacts:
Norwich Union
Liz Nicholson on (01603) 688263
CGU
Laura Frost, The Maitland Consultancy on (020) 7379 5151
END
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