Rsa Insurance Group Ld Share Discussion Threads

[optomistic] 26/3/2014 11:41

Mister MD
26 Mar'14 - 09:41 - 8118 of 8119 0 0

TDW account - nothing showing up yet re entitlement ?
=========================================================

Has anyone had the nil paid credited to their trading accounts yet?

[skinny] 26/3/2014 09:47

Citigroup Neutral 88.23 95.20 96.00 96.00 Reiterates

Nomura Neutral 88.23 95.20 96.00 89.00 Reiterates

[mister md] 26/3/2014 09:41

TDW account - nothing showing up yet re entitlement ?

[yam114] 26/3/2014 09:16

Ok I've worked it out, I can buy them at 56p or sell them at lower price. I've decided to buy them.

[yam114] 26/3/2014 09:05

What does Nil paid rights mean? Why have we been given them?

[skinny] 26/3/2014 08:42

Nil paid ticker looks to be RSAN.

[skinny] 26/3/2014 08:40

RSA Insurance Group plc (the "Company") announces that, pursuant to the Rights Issue announced on 25 March 2014, 1,380,976,863 New Ordinary Shares of 27.5 pence each will be admitted to listing on the premium listing segment of the Official List of the UKLA and will be admitted, nil paid, to trading on the London Stock Exchange plc's main market for listed securities at 8.00 a.m. today.

[quepassa] 26/3/2014 08:35

7859 refers.

QP

[portside1] 26/3/2014 08:08

my target to buy at under 80p looking good

[diku] 25/3/2014 19:08

Will the ex rights price fall to 83p tomorrow?...

[skinny] 25/3/2014 14:15

Website has been updated -

[lefrene] 25/3/2014 11:35

Well done Montyhedge, very close call.

[miata] 25/3/2014 11:25

£25m in fees.

Panmure have lowered their target price to 85p per share (105p previously) which reflects a 13.4x PE multiple of 2015F earnings.

[portside1] 25/3/2014 08:52

ex rights 26th

[diku] 25/3/2014 08:37

Is this now trading ex rights?....

[portside1] 25/3/2014 07:59

having now looked at the details hestor as done a good job will try and buy at under 80p

[hvs] 25/3/2014 07:34

FREE MONEY

[casino444] 25/3/2014 07:30

great news , hes got the magic touch

[hvs] 25/3/2014 07:12

HETER done it again.

Bloobah for shareholders and FREE MONEY to play with.

Nice one HESTER U did a very good JOB at RBS. now its RSA.

[skinny] 25/3/2014 07:01

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.

Following a comprehensive review of the options available to RSA, the Board believes that the Rights Issue will enable the Group to restore its capital position and keep ahead of anticipated industry capital trends, and that this will allow the business to carry out its action and improvement plans without undue risk of suboptimal decisions forced by capital shortage or instability.

The net proceeds of the Rights Issue will be held as cash or low-risk investments in order to improve the Group's capital strength and surplus over its capital requirements.

RSA has arranged for the Rights Issue to be fully underwritten by BofA Merrill Lynch and J.P. Morgan Cazenove, to provide certainty as to the amount of capital to be raised.

[diku] 24/3/2014 22:24

The trick is to sort out few internal issues and then move on to another messed up company...CV intact to command high premium salary...has he really got the magic touch or anybody else could have done it when a company is on its knees...

[fangorn2] 24/3/2014 17:50

Because reputation matters Dope :)

[dope007] 24/3/2014 16:46

With his money why even worry about that

[uppompeii] 24/3/2014 16:05

Thing is he can do pretty much what he wants. His package is secured, he's a wealthy man, only his reputation to worry about.

[dope007] 24/3/2014 15:12

Wouldn't be surprised if Hester goes for as much as possible