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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Partnership | LSE:PA. | London | Ordinary Share | GB00B9QN7S21 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 125.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMPA.
RNS Number : 5131B
Partnership Assurance Group PLC
07 January 2015
Fixed income investor meetings
Partnership Assurance Group plc ('Partnership' or 'the Group') announces that it has mandated BofA Merrill Lynch and Royal Bank of Scotland to arrange a series of fixed income investor meetings, commencing on 8 January 2015, to assess a sterling-denominated subordinated debt transaction issued by Partnership. There can be no certainty that a debt transaction will occur, but the Board of Partnership believes that, as announced at the investor day in November, it is in shareholders' interests to explore opportunities to provide the financial flexibility to invest in new initiatives and to diversify the Group's sources of funding.
Commenting on today's announcement, Steve Groves, CEO said:
"Partnership currently has no debt and it is therefore logical to explore the opportunities to diversify, optimise and strengthen our robust capital position with a prudent amount of leverage. We will update the market in due course."
Enquiries
Investors: Media: ----------------------------------- --------------------------------------------------------- Katherine Jones Jim Boyd Citigate Dewe Rogerson Director of Investor Director of Corporate Grant Ringshaw, Shelly Relations Affairs Chadda +44 (0) 207 444 8040 +44 (0) 207 618 2744 +44 (0) 207 638 9571 katherine.jones@partnership.co.uk pressoffice@partnership.co.uk ----------------------------------- ------------------------------- ------------------------
This information is provided by RNS
The company news service from the London Stock Exchange
END
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