Dec 17 (Reuters) - MG Unit Trust (MGC) : BOARD OF MG...

Dec 17 (Reuters) - MG Unit Trust (MGC) :

• BOARD OF MG RESPONSIBLE ENTITY HAS DETERMINED TO SEEK APPROVAL FROM UNITHOLDERS FOR DELISTING OF MG UNIT TRUST
• ANTICIPATES THAT IT COULD SIGNIFICANTLY REDUCE ITS FUTURE INSURANCE PREMIUMS BY DELISTING THE MG UNIT TRUST FROM THE ASX
• TO SEEK APPROVAL FROM UNITHOLDERS FOR THE DELISTING OF THE MG UNIT TRUST
• WILL CONVENE MEETING OF UNITHOLDERS SOMETIME IN FEBRUARY OR MARCH 2019 TO SEEK APPROVAL FOR DELISTING
• ACTUAL COST SAVINGS REMAIN UNCERTAIN UNTIL ANNUAL INSURANCES ARE PLACED WITH INSURERS FOR PERIOD STARTING 1 APRIL 2019

Source text: bit.ly/2QX8mLf

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