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'

Director buying http://www.moneyam.com/action/news/showArticle?id=5627719

RSA Insurance Group reported "continued progress" in its third quarter on Thursday, despite hurricane costs, with year-to-date group net written premiums up 8% to £5.077bn, or up 3% at constant currency. The FTSE 100 company added that earnings per share in the year-to-date was also ahead of 2016, although it was "held back" by third quarter underwriting results.

Trading statement http://www.moneyam.com/action/news/showArticle?id=6146453

Quarter down hence SP down over 7% on opening.

Norges bank? https://www.moneyam.com/action/news/showArticle?id=6221883

One in and one out https://www.moneyam.com/action/news/showArticle?id=6302544