Hardy to delist from London Stock Exchange next week
US insurer CNA’s acquisition of Lloyd’s insurer Hardy has received all the necessary regulatory approvals to go ahead.
The deal remains subject to the issuance of a certificate of merger by the registrar of companies in Bermuda, pursuant to the Bermuda Companies Act.
Although Hardy is listed in London, its head office is based in Bermuda.
Hardy has applied for its shares to be delisted from the London Stock Exchange, which is expected to take place from 8am on 3 July. The last day of trading in Hardy’s stock will therefore be 2 July.
Settlement of the sum due to Hardy shareholders as a result of the acquisition is expected to be sent on or before 16 July.