April 15 (Reuters) - Freedom Insurance Group Ltd (FIG) :
- REACHED AN AGREEMENT IN PRINCIPLE TO TRANSFER ITS POLICY ADMINISTRATION BUSINESS TO A THIRD PARTY
- FREEDOM INTENDS TO EXIT SPECTRUM WEALTH MANAGEMENT, POST COMPLETION OF TRANSFER OF ITS ADMINISTRATION BUSINESS
- POST ALLOWANCE FOR CUSTOMER REMEDIATION, FREEDOM EXPECTS TO RECEIVE PAYMENT OF ABOUT $5MLN
- AFTER EXIT OF SPECTRUM WEALTH MANAGEMENT, FREEDOM WILL HAVE EXITED ALL ITS OPERATING BUSINESSES
- FREEDOM INSURANCE-POST EXIT OF OPERATING BUSINESSES CO TO FINALISE REGULATORY OBLIGATIONS & THEN CONSIDER RETURN OF EXCESS FUNDS TO SHAREHOLDERS
Source text (http//reut.rs/2v2kz4R)
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