Chesnara Plc Announces Change in Major Shareholding
The insurance company has received a notification of a change in major shareholding.
The insurance company has received a notification of a change in major shareholding.
The financial services company has received a notification of a change in major shareholding.
The life and pensions consolidator has announced that its CEO, CFO, and a person closely associated with the CEO have acquired additional shares in the company.
This insurance consolidator reported a 26% increase in Cash Generation and improved Solvency Coverage Ratio. A major acquisition and FTSE 250 inclusion highlight its strategic growth.
The life and pensions consolidator will report its interim results for the half year ended 30th June 2025 on Thursday, 28th August 2025.
The insurance company has secured £150 million in financing through a bond issue, providing it with additional resources for corporate purposes and potential acquisitions.
The insurance group has announced that its CEO and CFO have exercised options over the company's shares.
The insurance company has successfully placed the remaining shares from its rights issue, raising additional capital at a modest discount to the previous share price.
The insurance company's directors have acquired additional ordinary shares through a rights issue.
The insurance company has raised £140m through a rights issue to finance the acquisition of HSBC Life (UK), a move that could increase the scale of its UK business.