Hiscox shareholders have given their support to the group's planned corporate reorganisation, with the announcement that 99.9% voted in favour of the establishment of a new Bermudian domiciled holding company for the Group, Hiscox Ltd.
At an Extraordinary General Meeting, the resolution was passed unanimously by shareholders in attendance, having received valid proxies representing 98.5% votes in favour and 1.5% votes against the resolution. Accordingly, the corporate reorganisation has been approved by shareholders.
Subject to the High Court sanctioning the Scheme on 11 December 2006 and the Scheme becoming effective, it is expected that the shares in Hiscox Ltd will be admitted to trading on the London Stock Exchange on 12 December 2006.
