United Kingdom Mutual Steam Ship As Britannia and UK P&I Clubs in merger discussions
26 2월 2016 - 2:37AM
RNS Non-Regulatory
TIDM51EN
United Kingdom Mutual Steam Ship As
25 February 2016
News release
25 February 2016
Britannia and UK P&I Clubs in merger discussions
The boards of the Britannia Club and the UK P&I Club, two of
the oldest P&I clubs in the
world, respective leaders in their field and strong supporters
of mutuality, announce they are in merger discussions. The boards
of the Clubs will now begin a process to determine whether the
merger is possible and delivers appropriate benefit to their
respective
Memberships. Ultimately, the decision on whether to proceed with
a merger will be decided
by the Members at Special General Meetings to be convened later
in the year.
The talks are concurrent with discussions between their
managers, Thomas Miller and
Tindall Riley, both leading international providers of insurance
and professional services, which would also lead to a merger of the
respective businesses should the Clubs decide to merge.
Further announcements will be made at the appropriate time.
- End -
For further information, please contact:
Roland Cross / Gareth David / Carolyn Monchouguy - Four
Broadgate
+44 (0) 20 3697 4200
UKP&IClub@fourbroadgate.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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February 25, 2016 12:37 ET (17:37 GMT)
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