CVO 0.00% $1.95 cover-more group limited

News: CVO Cover-More Group intends to declare special dividend

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    Feb 3 (Reuters) - Cover-more Group Ltd (CVO)

    • Intends to lodge a draft scheme booklet in relation to the proposed acquisition of all of the shares in Cover-More by Zurich
    • Scheme booklet is expected to be dispatched to Cover-More shareholders on or around Friday, 24 February
    • Under SIA, cover-more is permitted to declare and pay an interim and/or special dividend of up to A$0.05 per share
    • If scheme proceeds and special dividend is declared, cover-more shareholders will receive scheme consideration of $1.90 cash per share
    • No interim dividend will be declared for FY2017
 
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