Pro Global Insurance Solutions PLC Sale Update (5331I)

TIDMPROG

RNS Number : 5331I

Pro Global Insurance Solutions PLC

20 June 2017

Pro Global Insurance Solutions plc (the "Company")

Sale update

On 22 December 2016, the Company announced the sale of its outsourcing and consulting businesses, subject to shareholder, regulatory, and other approvals.

The Company is pleased to announce that all approvals have now been received and therefore the sale is now unconditional. Completion is expected on 30 June 2017.

Following Completion, the Company's only business will be its 30% investment in Asta Capital Ltd which owns a number of companies including Asta Managing Agency Limited, the leading third party managing agent at Lloyd's.

Enquires

 
 Pro Global 
  Artur Niemczewski, Chief Executive 
  Tim Carroll, Chairman                  020 7068 8123 
--------------------------------------  -------------- 
 Peel Hunt LLP (nominated adviser and 
  broker) 
  James Britton                          020 7418 8900 
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This information is provided by RNS

The company news service from the London Stock Exchange

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June 20, 2017 02:00 ET (06:00 GMT)