Income Insurance - Pre-conditional voluntary cash offered of 40.58 from Allianz Europe B.V.
Shareholders may read up the clarification letter to have a clearer understanding of this offering condition:
Quote: minority shareholders of Income who accept the Allianz offer will be given priority to tender their share and receive $40.58 per share.
Shareholders are not required to take any action now as the offer is subject to regulatory approval.
When launched, the offer will be open for acceptance for a stipulated period, Income said, adding that the closing of the offer is expected to be in the fourth quarter of 2024 or in the first quarter of 2025.( straitstimes.com).
Income Insurance AGM - Attending the AGM at Suntec Convention center on 17th May 2024. To approve dividend plus special dividend etc.
We can sell the share on Poem platform.
Initial share price was $10.
Now is worth may be $20-$21.60.
Snack box plus plain water provided.
No voucher.
Huge crowds.
Just coming here to see how the management handled the shareholders.
Gross Revenue of 4.9b.
Assets of 4.2b.
Net loss for Y2022 - 88m.
Net profit for Y2023 was 144m.
Overall PATMI is 60.4m.
NAV is about 29.30.
No dividend payout policy. Management says , it depends on the financial performance than decide how much ro payout foe dividend. No number provided for EPS.
Industry leaders in Motor and Travel insurance.
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