AGM Statement
June 27 2003 - 4:24AM
UK Regulatory
RNS Number:8621M
Kiln PLC
27 June 2003
Kiln plc
EGM Statement in relation to Kiln investment in
W. R. Berkley Insurance (Europe) Ltd
and
AGM Statement
Following the shareholder circular of 11 June convening a meeting of the
shareholders of Kiln to give effect to Kiln's investment in W. R. Berkley
Insurance (Europe) Ltd announced on 11 June 2003, Kiln is pleased to announce
that the resolution referred to in the circular has been passed.
Commenting on current trading at today's Annual General Meeting, Chairman Ian
Percy said:
"The Group announced good financial results in April this year. The current
trading environment remains strong. We are now half way through 2003, premium
volume levels are up 37 per cent on this time last year and the rating
environment is holding up well. This year to date has thankfully been
relatively free from major catastrophes, and this bodes well for Kiln's 2003
figures".
27 June 2003
Note:
It has recently come to our attention that, because of a clerical error in the
preparation of the 2002 report and accounts for Kiln plc, the comparative prior
year loss per share figure for 2001 should read 10.96 pence instead of 12.30
pence per share.
Enquiries:
Kiln Tel: 020 7886 9000
Edward Creasy, Chief Executive Officer
Peter Haynes, Chief Financial Officer Designate
College Hill Tel: 020 7457 2020
James Henderson
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMUBUKROORNURR