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Takeover Defence (companies) insurance | To reimburse companies for external and internal costs associated with successfully defending a 'hostile takeover bid' |
| Choice of limit of indemnity to £2 million and above 3 month waiting period from inception but first insurance period runs for 15 months, thereafter annually renewable |
|
Applicable to companies listed on the London International Stock Market
and Unlisted Securities Market
Ameliorate the following potential consequences of a hostile bid: |
| potential increased gearing, professional fees, disruption of cash flow, reduction in future profits |
| reduced earnings per share, diversion of management resources |
| Underwritten at Lloyd's and in London Market |
1 This summary is representative of the cover which is available from one or more but not necessarily all of the featured administrators
2 You should check the cover offered to make sure it meets your minimum requirements
3 SISA does not 'guarantee' either the featured administrators or their cover