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Beazley launches UK holding company

BeazleyPlc on April 13 announced that New Beazley is the new ofthe group.

It added that trading of Beazley shares on the premium segmentof the official list and on the London Stock Exchange's main market for listedsecurities stopped at 8 a.m. local time, when New Beazley shares were admittedfor trading on both platforms.

Beazley also said that as the new company will pay U.K. dividends,the previous dividendaccess plan was terminated April 13.

A U.K. court hearing on April 20 is expected to confirm theNew Beazley reduction of capital, which is expected to become effective thefollowing day.

Beazley's shareholders will receive a New Beazley share foreach share they held at the scheme record time. They the company's relocation inMarch.