Summary
This 8-K filing from ACE Limited (later Chubb Ltd.) on March 28, 2013, primarily reports on the amendment of its Articles of Association to reflect a par value reduction. This reduction was approved by shareholders at the 2012 annual general meeting as a dividend payable in four quarterly installments. The filing specifically details the final installment's par value reduction of CHF 0.46, which adjusted the company's par value per share to CHF 28.43 as of March 28, 2013. Investors should note that this action is administrative in nature and implements a previously approved shareholder resolution. The dividend payment for shareholders of record on March 28, 2013, was scheduled for April 12, 2013, and this par value adjustment was a mechanism to facilitate that distribution. The filing confirms compliance with the shareholder-approved dividend structure and includes the amended Articles of Association as an exhibit.
Key Highlights
- 1ACE Limited amended its Articles of Association on March 28, 2013.
- 2The amendment was made to effect a par value reduction, as approved by shareholders in 2012.
- 3The par value reduction is part of a previously authorized dividend payable in four quarterly installments.
- 4The specific par value reduction for the fourth installment was fixed at CHF 0.46 per share.
- 5This adjustment resulted in the company's par value per share being CHF 28.43 as of March 28, 2013.
- 6Shareholders of record on March 28, 2013, were set to receive the dividend payment on April 12, 2013.
- 7The filing includes the amended Articles of Association as an exhibit.