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General Accident ( (GB:GACA) ) has provided an update.
General Accident PLC announced the results of its advisory vote meeting and general meeting regarding the cancellation of its cumulative irredeemable preference shares. The resolutions for the cancellation, special dividend, and tender offer were overwhelmingly approved by shareholders, with the cancellation expected to proceed following court confirmation. This move is part of a strategic decision to streamline the company’s capital structure, impacting preference shareholders who will receive a cancellation amount and voting fee.
More about General Accident
YTD Price Performance: 12.57%
Average Trading Volume: 263,589
Technical Sentiment Signal: Sell
For detailed information about GACA stock, go to TipRanks’ Stock Analysis page.