Beazley scheme becomes effective as Zurich deal advances
Published on 10/05/2026 at 20:21 | Editorial responsibility: Rafael MĂĽller, Editor-in-Chief AD HOC NEWS
Beazley’s scheme of arrangement with Zurich became effective on October 1, 2026, after a copy of the court order was delivered to the Registrar of Companies. The announcement was published by RNS.
Cash consideration and listing changes
Under the scheme, holders of scheme shares are entitled to receive 1,310 pence for each share held at the scheme record time of 6:00 p.m. on September 30, 2026. The latest date for payment by check or settlement through CREST is October 15, 2026, except for sanctioned shareholders.
Dealings in Beazley shares were expected to be suspended by 7:30 a.m. on October 1, with applications made for delisting from the Official List and cancellation of admission to trading on the London Stock Exchange by 8:00 a.m. on October 2. Beazley also announced that nine directors had stepped down and five new directors had been appointed as of October 1.
