Aviva-owned insurance business General Accident cancelled its remaining preference shares on 6 June.
A note to the stock exchange confirmed the move following a 5 June court sanction. The court order covers both the £110m 7.875% cumulative irredeemable preference shares and the £140m 8.875% cumulative irredeemable preference shares issued by the company. The note added that following an application on behalf of the issuer, the Financial Conduct Authority (FCA) has confirmed that it will cancel the listing of the preference shares on the official list maintained by the regulator. It added that the London Stock Exchange would, therefore, automatically cancel the trading of the prefe...
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