Brief: Global Indemnity Limited Announces Additional Share Redemption And Dividend Program

Global Indemnity LLC

27/12/2017 21:11

Dec 27 (Reuters) - Global Indemnity Ltd  GBLI.O : 
    * GLOBAL INDEMNITY LIMITED ANNOUNCES ADDITIONAL SHARE 
REDEMPTION 
AND DIVIDEND PROGRAM 
    * GLOBAL INDEMNITY - WILL ACQUIRE ON DEC 29, 3.4 MILLION OF 
ITS A 
ORDINARY SHARES FOR ABOUT $83 MILLION FROM FORMER INVESTORS IN 
VEHICLES MANAGED BY FOX PAINE & CO 
    * GLOBAL INDEMNITY LTD - IN CONSEQUENCE OF THE ACQUISITION 
OF THE 
3.4 MILLION SHARES, FOX PAINE WILL BE PAID AN $11 MILLION 
ADVISORY FEE 
 
Source text for Eikon:  ID:nGNXOKFQUa  
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