The 2013 full year preliminary results for RSA Insurance Group plc was announced 27 February 2014.


"3 FOR 8 RIGHTS ISSUE AT 56 PENCE PER NEW ORDINARY SHARE
Further to the announcement on 27 February of its preliminary results for the year ended 31 December 2013, RSA Insurance Group plc ("RSA" or the “Company”) today announces the launch of a rights issue to raise £773 million in proceeds (£748 million net of expenses) (the “Rights Issue”). The Rights Issue is a fully underwritten 3 for 8 rights issue of 1,380,976,863 ordinary shares of 27.5 pence each in the capital of the Company at a price of 56 pence per New Ordinary Share.
The Issue Price of 56 pence per New Ordinary Share represents a discount of approximately 40% to the closing price of 93.4 pence on 24 March 2014 (being the last business day prior to the release of this announcement) and a 32.7% discount to the theoretical ex-rights price based on the closing price on 24 March 2014."

(thanks to skinny for this article)


Bottom chart 'fast stochastic'

I will drink to that opto.

Well its smashed through,could you build on this sp now.

I don't know about 'smashed through' Dave. Certainly looking a little better but I would like to see it move a bit ahead from here before getting too excited :-)

expect another blue day

Bang on joe bang on.

Good day and we could be in for a bit of a rally now that the overhang is sold and the indicators looking more bullish. She seems to be breaking well away from the 80p resistance point.

Looking good this week now.

Getting to be a habit, up during the day and down at the close. Time we had some upside showing through.

Its like the big one at blackpool fair this rsa,,just following the ftse i think at the moment opto.

Morning Double D, it does look that way. Not much blue showing this AM.

No your right.

Back in the upper 70s again.

Did dip then under 77,will we see 75 ?

Did finish up a touch Dave :-)

Pulling your way this AM Dave :-(

Its like tennis this opto,more bad news from a broker i belive is it true.

Been offline all afternoon Dave, perhaps someone will post any info available?

There`s not much in it now opto,the trouble with these decent divi plays there no longer growth players whats your view ,, and this may become another BT..

If the divi is held, should be OK for a good rise......IMO
update.. only 1p away from your price now Dave.

If it goes to 75p I'll have some myself!