Dec 17 (Reuters) - MG Unit Trust MGC.AX :
* 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