Disposal of interest in Cathedral Capital PLC

BRIT Insurance Holdings PLC announces the sale of its 2 million shares in Cathedral Capital PLC
October 6,2000


BRIT Insurance Holdings PLC announces the sale of its 2 million shares in Cathedral Capital PLC to its management team for a consideration of £1 per share which represents a premium to book value. Cathedral Capital PLC was a Lloyd's conversion vehicle and is now changing into an underwriting agency.
Neil Eckert, BRIT's Chief Executive said This transaction represents one more step towards our goal of disposing of our third party insurance investments"
 
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