26 May 2015 Insurance

Brit set to delist following acquisition

The acquisition of re/insurer Brit by financial services company Fairfax Financial has been declared unconditional, with Brit now set to delist from the London Stock Exchange.

The cancellation notice period will now commence and cancellation is expected to become effective in 20 business days' time on June 23, 2015.

Addtionally, Jonathan Feuer, Sachin Khajuria, Kamil Salame, Gernot Lohr, Maarten Hulshoff, Hans-Peter Gerhardt and Willem Stevens have resigned as non-executive directors from the Brit board.

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Brit set to delist following acquisition

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