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SUNCORP GROUP LIMITED — Capital/Financing Update 2018
Nov 12, 2018
65879_rns_2018-11-12_3734c5cb-133c-4899-b042-fee765c7832d.pdf
Capital/Financing Update
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13 November 2018
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ASX announcement
Update on Australian Life Insurance Sale
Suncorp Group Limited (ASX: SUN | ADR: SNMCY) today announced it is now targeting 28 February 2019 as the completion date for the sale of its Australian life insurance business.
The Group signed a share sale deed (“Share Sale”) with TAL Dai-ichi Life Australia Pty Ltd (“TAL”) on 4 September, with a targeted completion date of 31 December.
The new date reflects Suncorp’s latest expectation regarding the timing of regulatory approvals for the transaction.
An Extraordinary General Meeting (EGM), to seek shareholder approval for the pro-rata return of capital and share consolidation, previously proposed to be held on 13 December 2018, will now be held after completion occurs.
ENDS
For more information contact:
Media Brett Zarb +61 417 256 563 [email protected] Analysts/Investors Kelly Hibbins +61 414 609 192 +61 2 8121 9208 [email protected]
Suncorp Group Ltd - ABN 66 145 290 124 – Level 28, 266 George Street, Brisbane Qld 4000 suncorpgroup.com.au
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