Societa Cattolica Di Assicurazione SpA logo

CASS - Societa Cattolica Di Assicurazione SpA News Story

€5.59 -0.1  -2.4%

Last Trade - 24/01/22

Sector
Financials
Size
Mid Cap
Market Cap £960.3m
Enterprise Value £1.60bn
Revenue £4.21bn
Position in Universe 159th / 737

BRIEF-Cattolica Approves Withdrawal Shares Liquidation

Fri 4th December, 2020 4:46pm
Dec 4 (Reuters) - Societa Cattolica di Assicurazione Sc
 CASS.MI :
    * THE BOARD OF DIRECTORS APPROVES THE LIQUIDATION OF
WITHDRAWAL
SHARES AND INTRODUCES A NEW ORGANIZATIONAL STRUCTURE 
    * REPURCHASE, CORRESPONDING TO OUTLAY OF EUR 112.56 MILLION,
WOULD
HAVE DETRIMENTAL IMPACT ON GROUP'S SOLVENCY II RATIO OF ABOUT 8
PERCENTAGE POINTS
    * FOLLOWING REPURCHASE, COMPANY WOULD HOLD 27,902,475
TREASURY
SHARES, EQUAL TO 12.2% OF SHARE CAPITAL

Source text for Eikon:  ID:nBIA8NGR8k 
Further company coverage:  CASS.MI 

 (Gdansk Newsroom)
 ((Gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))
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