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The latest announcement is out from General Accident ( (GB:GACA) ).
General Accident PLC, a company incorporated in Scotland, has announced that the Court of Session has sanctioned the cancellation of its outstanding cumulative irredeemable preference shares. This decision will lead to the suspension of these shares from trading on the London Stock Exchange, with the cancellation expected to take effect by 9 June 2025. The company will not proceed with purchasing any preference shares through the Tender Offer, as the final condition for cancellation has been met. This move is significant as it impacts the company’s capital structure and potentially affects its preference shareholders, who are advised to seek financial advice.
More about General Accident
Average Trading Volume: 281,213
Technical Sentiment Signal: Strong Buy
For a thorough assessment of GACA stock, go to TipRanks’ Stock Analysis page.