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Chesnara PLC - Preston, England-based life and pensions consolidator - Remaining 12% of shares not taken up in rights issue are placed with investors by RBC Europe Ltd and ABN AMRO Bank NV as underwriters of the offer and by Panmure Liberum Ltd as joint bookrunner. The 9.4 million new shares are placed at 255 pence each, a 45% premium to the rights offer price of 176p. The difference in price will be paid to those shareholders who didn’t take up their rights. Earlier Wednesday, Chesnara said it received 88% acceptances for its 10-for-19 rights issue to raise £140 million. The funds will go towards the purchase of specialist life protection and investment bond provider HSBC Life UK Ltd from HSBC Holdings PLC for £260 million. Current stock price: 260.03p for £599.8 million market capitalisation 12-month change: up 19% Copyright 2025 Alliance News Ltd. All Rights Reserved.
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