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RSA Insurance Group 7 3/8% Cum Pref

Sell:122.00p Buy:123.00p Change: No change
Market closed |  Prices as at close on 19 July 2024 | Switch to live prices |
Tender Offer

RSA Insurance Group 7 3/8% Cum Pref

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 21 Jun 2024)

RSA Insurance Group wants to repurchase up to 100% of their 7 3/8% Cumulative Preference shares by way of a tender offer at a price of GBP1.22 per share. If you don’t want to sell any shares, you don’t need to do anything.

 

At the same time, the company is seeking shareholder approval to cancel the 7 3/8% Cumulative Preference shares not submitted in acceptance of the tender offer and return cash to shareholders by way of a return of capital. This proposal is subject to shareholder approval at a meeting to be held on 16 July 2024, and if approved all 7 3/8% Cumulative Preference shares will be redeemed at the tender offer price.

 

You have 2 options

 

Option 1 – Tender your shares and approve the changes. You can ask to sell some or all of your shares in the offer.

 

Any accrued dividend amount up until the redemption date will also be paid on successfully tendered shares. If you tender your shares, you are automatically counted as voting in favour of the resolution and you will receive a voting fee of 2p per share tendered, if the proposal is approved.

 

Option 2 – Don’t tender your shares but vote on the changes. You can vote for or against the proposal but keep all your shares. If you do this and the proposal is approved, you’ll receive a voting fee of 2p per share.

 

If you don’t wish to sell your shares in the offer, or vote on the resolution, you don’t need to do anything. Depending on the outcome of the meeting, your shares may be compulsorily redeemed by the company.

 

To give an instruction, please select the option you require below before noon on Tuesday 9 July 2024

 

Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. 

×
Sell:122.00p
Buy:123.00p
Change: No change
Market closed |  Prices as at close on 19 July 2024 | Switch to live prices |
Tender Offer

RSA Insurance Group 7 3/8% Cum Pref

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 21 Jun 2024)

RSA Insurance Group wants to repurchase up to 100% of their 7 3/8% Cumulative Preference shares by way of a tender offer at a price of GBP1.22 per share. If you don’t want to sell any shares, you don’t need to do anything.

 

At the same time, the company is seeking shareholder approval to cancel the 7 3/8% Cumulative Preference shares not submitted in acceptance of the tender offer and return cash to shareholders by way of a return of capital. This proposal is subject to shareholder approval at a meeting to be held on 16 July 2024, and if approved all 7 3/8% Cumulative Preference shares will be redeemed at the tender offer price.

 

You have 2 options

 

Option 1 – Tender your shares and approve the changes. You can ask to sell some or all of your shares in the offer.

 

Any accrued dividend amount up until the redemption date will also be paid on successfully tendered shares. If you tender your shares, you are automatically counted as voting in favour of the resolution and you will receive a voting fee of 2p per share tendered, if the proposal is approved.

 

Option 2 – Don’t tender your shares but vote on the changes. You can vote for or against the proposal but keep all your shares. If you do this and the proposal is approved, you’ll receive a voting fee of 2p per share.

 

If you don’t wish to sell your shares in the offer, or vote on the resolution, you don’t need to do anything. Depending on the outcome of the meeting, your shares may be compulsorily redeemed by the company.

 

To give an instruction, please select the option you require below before noon on Tuesday 9 July 2024

 

Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. 

×
Sell:122.00p
Buy:123.00p
Change: No change
Market closed |  Prices as at close on 19 July 2024 | Switch to live prices |
Tender Offer

RSA Insurance Group 7 3/8% Cum Pref

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Cash due
Details (last updated 21 Jun 2024)

RSA Insurance Group wants to repurchase up to 100% of their 7 3/8% Cumulative Preference shares by way of a tender offer at a price of GBP1.22 per share. If you don’t want to sell any shares, you don’t need to do anything.

 

At the same time, the company is seeking shareholder approval to cancel the 7 3/8% Cumulative Preference shares not submitted in acceptance of the tender offer and return cash to shareholders by way of a return of capital. This proposal is subject to shareholder approval at a meeting to be held on 16 July 2024, and if approved all 7 3/8% Cumulative Preference shares will be redeemed at the tender offer price.

 

You have 2 options

 

Option 1 – Tender your shares and approve the changes. You can ask to sell some or all of your shares in the offer.

 

Any accrued dividend amount up until the redemption date will also be paid on successfully tendered shares. If you tender your shares, you are automatically counted as voting in favour of the resolution and you will receive a voting fee of 2p per share tendered, if the proposal is approved.

 

Option 2 – Don’t tender your shares but vote on the changes. You can vote for or against the proposal but keep all your shares. If you do this and the proposal is approved, you’ll receive a voting fee of 2p per share.

 

If you don’t wish to sell your shares in the offer, or vote on the resolution, you don’t need to do anything. Depending on the outcome of the meeting, your shares may be compulsorily redeemed by the company.

 

To give an instruction, please select the option you require below before noon on Tuesday 9 July 2024

 

Full details of this event will be sent to qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above. 

×
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Business summary

Business summary is not available for this stock.

Contact details

Contact details are not available for this stock.

Important dates

Future events
There are no future events available.
Past events
There are no past events available.

General stock information

EPIC:
n/a
ISIN:
GB0008631391
Market cap:
n/a
Shares in issue:
n/a
Sector:
No specific Industry
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Key personnel

Personnel details are not available for this stock.


Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

Share

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Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.