Beazley placing raises £350m
Insurer Beazley said it had raised £350m from its recent placing and would use the funds to support organic growth.
Beazley
664.00p
08:39 26/04/24
0.84%
5.50p
FTSE 250
19,732.09
08:40 26/04/24
n/a
n/a
FTSE 350
4,459.27
08:40 26/04/24
n/a
n/a
FTSE All-Share
4,412.40
08:40 26/04/24
n/a
n/a
Insurance (non-life)
3,632.17
08:39 26/04/24
0.48%
17.39
The company said it had placed 61m new shares, representing 9.99% of the its issued ordinary share capital, with strong support from existing shareholders. The issue price of 575 pence each represents a discount of 8% to the closing share price of 625 pence on 15 November 2022.