IN THE HIGH COURT OF JUSTICE
IN THE MATTER OF ZURICH ASSURANCE LTD AND IN THE MATTER OF ROTHESAY LIFE PLC AND IN THE MATTER OF THE FINANCIAL SERVICESAND MARKETS ACT 2000 NOTICE NOTICE
IS HEREBY GIVEN that, on 23 January 2017, Zurich Assurance Ltd the "Trans-feror") and Rothesay Life Plc (the "Transferee") made an application (the "Application") to the High Court of Justice, Chancery Division, Companies Court in London (the "Court") pursuant to section 107(1) of the Financial Services and Markets Act 2000 (as amended) ("FSMA") for an Order:
(1) under section III of FSMA sanctioning an insurance business transfer scheme for the transfer to the Transferee of a portfolio of immediate annuity policies and related assets and liabilities (the "Transferring Business") carried on by the Transferor (the "Scheme"); and
(2) making ancillary provision in connection with the Scheme pursuant to section 112 and 112A of FSMA.
A copy of a report on the terms of the Scheme prepared in accordance with section 109 of FSMA, by an Independent Expert, Mr Tim Roff of GrantThornton UK LLP, whose appointment has been approved by the Prudential Regulation Authority (the"Scheme Report"), a statement setting out the terms of the Scheme and containing a summary of the Scheme Report, and the full Scheme document are available free of charge at www.zurich.co.uk/annuitytransfer. Supporting documents and any further news about the Scheme will be posted on this website so you may wish to check for updates.You can also request free copies of any of these documents by writing to or telephoning the Transferor using the contact details below.
The Application is due to be heard on 24 May 2017 by a Judge of the Chancery Division of the High Court at The Rolls Building, Fetter Lane, London, EC4A 1NL, United Kingdom. If approved by the Court, it is currently proposed that the Scheme will take effect on 6 June 2017.
Any person who claims that he or she may be adversely affected by the carrying out of the Scheme has a right to attend the hearing and express their views either in person or by a legal representative.
Any person who claims that they may be adversely affected by the Scheme but does not intend to attend the hearing may make representations about the Scheme by telephone or in writing to the solicitors named below or the Transferor using the contact details set out below
Any person who intends to appear at the hearing or make representations by telephone or in writing is requested (but is not obliged) to notify his or her objections as soon as possible and preferably at least two days before the hearing of the Application on 24 May 2017 to the solicitors named below or to the Transferor using the contact details set out below.
If the Scheme is sanctioned by the Court and subject to the satisfaction of the conditions of the Scheme, it will result in the transfer to the Transferee of all the contracts, property, assets and liabilities relating to the Transferring Business; notwithstanding that a person would otherwise be entitled to terminate, modify, acquire or claim an interest or right or to treat an interest or right as terminated or modified in respect thereof.Any such right will only be enforceable to the extent the Order of the Court makes provision to that effect
10 February 2017
Transferor contact address:
Zurich Assurance Ltd,AnnuityTransfer,The Grange, Bishops Cleeve, Cheltenham GL52 8)0(, United Kingdom.
Transferor contact information: Telephone number:0800 085 3982 (or, if resident outside the UK, on +44 345 2661062). Our phone lines are open from 8.00am to 6.30pm Monday to Friday (excluding bank holidays) and 9.3(}am to 12.30pm Saturday.
Postal address:Zurich Assurance Ltd,AnnuityTransfer,The Grange, Bishops Cleeve, Cheltenham GL52 8)0C, United Kingdom. Email: email@example.com.
Freshfields Bruckhaus Deringer LLP 65 Fleet Street, London EC4Y 1 HS, United Kingdom Ref:123840-0034 (LEH/APCR) Solicitors for the Transferor