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'

This has gone well of late opto.

opto, this is ticking along nicely.

Hi Goal, yes it's doing OK in a steady way. I cashed in last week to release cash for another stock purchase, made a nice overall gain on RSA.
Would not be averse to going back in again but now I am out I would like to see the American asbestos issue sorted first. But you never know tactics could change :-)
opto

opto it's good to here you came out with a profit, I'm 'in profit too but while it's in an up trend i will hold. Regards goal.

A quid by christmas !!

Probably before Dave. Usually the case when I sell :-)

Going out soon myself since opto ,, been in 4 months and gone up 25%,,my kind of venture..

Should i stay or should i go,,97 and am out..

Pushing for 1 at long last.

Looks that way goal, I left too early to buy something that has hardly moved.
Good luck
opto

Still in but not for much longer,been out all day result !!

Am out for a good profit,happy days..

Well done dd & than you opto, a bit of profit taking for the last two days but i think theres a long way to go yet. Regards goal.

Well done dd & thank you opto, a bit of profit taking for the last two days but i think theres a long way to go yet. Regards goal.

All the best with it goal,its solid enough unlike my recent dabble on rtd..

RSA spends 21.5m on buying a leading insurance broker in Albert, Canada.

Happy days, above 1.

Happy days,,looks like a solid 1.10 is on the horizon soon goal..

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dd, the chart looks strong.