Novae-Axis deal wins shareholder clearance

Novae's £477.6mn ($612.5mn) takeover by Axis Capital
gained overwhelming shareholder approval today, with almost 94
percent of voting investors endorsing the deal at a court
meeting.
A total of 249 shareholders, representing 71.53 percent of
Novae's issued ordinary share capital, voted on the takeover at
the court meeting.
Just 16 shareholders, holding 0.03 percent of the issued stock,
voted against the deal, while 233 shareholders owning 71.5 percent
of the equity base backed the deal.
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