09 May 2017
TIG Topco Limited today announces the release of a Shareholder Written Resolution requesting the approval of (1) increase of its authorised share capital (2) adoption of new memorandum and articles of association (3) acquisition of assets with a fair market value exceeding £15m (4) issue of convertible equity certificates and subsequent conversions of those convertible equity certificates into ordinary shares (5) adoption of new articles of association by TIG Midco, TIG Finco and Towergate Insurance Limited (6) allotment and issue of new ordinary shares in Nevada Investment Holdings 5 Limited (7) allotment and issue of new ordinary shares in Nevada Investment Holdings 6 Limited (8) allotment and issue of new ordinary shares in Nevada Investment Holdings 7 Limited, and (9) change of company name.
Launched in 1997, Towergate is a leading independently owned insurance intermediary in the UK. Towergate is an important distribution channel for a significant range of insurance products and a key strategic partner for the UK's largest insurers. Towergate's scale, customer insight and distribution relationships make it a unique business and a leader in the markets in which it operates. Its combination of distribution and underwriting gives it unparalleled consumer data and market insight.