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
815.00p
17:15 09/01/25
0.06%
0.50p
FTSE 250
20,005.14
16:50 09/01/25
n/a
n/a
FTSE 350
4,563.23
16:44 09/01/25
n/a
n/a
FTSE All-Share
4,517.93
17:05 09/01/25
n/a
n/a
Insurance (non-life)
3,905.35
16:44 09/01/25
-0.71%
-27.80
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.