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Zurich announces Share Capital Reduction
Zurich Insurance plc (the “Company”) proposes to increase its distributable reserves, which will provide greater flexibility for the Company to make dividend payments to its shareholders in the future.
This increase will be achieved by the cancellation of the Company’s entire share premium account using the capital reduction process set out in the Irish Companies Act 2014, which is an Irish High Court process and requires shareholder approval.
To read the full article from Zurich, click the link below…..
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