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RSA Insurance Group (RSAB) 7 3/8% Cum Pref

Sell:121.50p Buy:125.00p 0 Change: 1.75p (1.42%)
Market closed |  Prices as at close on 4 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

RSA Insurance Group 7 3/8% Cum Pref

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
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:121.50p
Buy:125.00p
Change: 1.75p (1.42%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 4 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

RSA Insurance Group 7 3/8% Cum Pref

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
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:121.50p
Buy:125.00p
Change: 1.75p (1.42%)
Market closed |  Prices as at close on 4 July 2024 Prices delayed by at least 15 minutes | Switch to live prices |
Tender Offer

RSA Insurance Group 7 3/8% Cum Pref

Type:
Tender Offer
Shareholder action required:
Yes
Status:
Client deadline
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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Annual & interim reports

Financial results for the last 5 years

Values are quoted in the stock's local currency: British pound.

Income Statement: 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Revenue: 3,987.00 4,140.00 4,294.00 3,988.00 7,461.00
Operating Profit / (Loss): (9.00) 165.00 (152.00) 12.00 523.00
Net Interest: (10.00) (11.00) (76.00) (30.00) (32.00)
Profit Before Tax: (19.00) 176.00 (228.00) (17.00) 492.00
Profit after tax from continuing operations: (89.00) 192.00 (261.00) (19.00) 383.00
Discontinued Operations:   
Profit after tax from discontinuing operations: n/a n/a 4,531.00 383.00 n/a
Profit for the period: (89.00) 192.00 4,270.00 364.00 383.00
Attributable to:   
Equity holders of parent company: (89.00) 197.00 4,268.00 345.00 359.00
Minority Interests / Other Equity: n/a (5.00) 2.00 19.00 24.00
Total Dividend Paid: c n/a c n/a c n/a c n/a c n/a
Retained Profit / (Loss) for the Financial Year: c n/a c n/a c n/a c n/a c n/a
Earnings per Share:   
Basic: n/a n/a n/a n/a n/a
Diluted: n/a n/a n/a n/a n/a
Adjusted: n/a n/a n/a n/a n/a
Dividend per Share: 7.38p 7.38p 7.38p 7.38p 7.38p
Balance Sheet: 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019
  £ (Millions) £ (Millions) £ (Millions) £ (Millions) £ (Millions)
Assets:   
Non-Current Assets:   
Property, Plant & Equipment: 108.00 121.00 91.00 237.00 296.00
Intangible Assets: 897.00 331.00 312.00 868.00 837.00
Investment Properties: 285.00 291.00 371.00 285.00 300.00
Investments: n/a n/a n/a 5.00 4.00
Other Financial Assets: 5,486.00 5,334.00 5,530.00 11,826.00 11,422.00
Other Non-Current Assets: n/a n/a n/a n/a n/a
  6,776.00 6,077.00 6,304.00 13,221.00 12,859.00
Current Assets:   
Inventories: n/a n/a n/a n/a n/a
Trade and Other Receivables: n/a n/a n/a n/a n/a
Cash at Bank & In Hand: 320.00 362.00 500.00 1,094.00 909.00
Current Asset Investments: n/a n/a n/a n/a n/a
Other Current Assets: n/a n/a n/a n/a n/a
  320.00 362.00 500.00 1,094.00 909.00
Other Assets: 518.00 704.00 3,178.00 1,062.00 945.00
Total Assets: 9,370.00 8,861.00 11,898.00 20,706.00 19,962.00
Liabilities:   
Current Liabilities:   
Borrowings: n/a n/a n/a n/a n/a
Other Current Liabilities: n/a n/a n/a n/a n/a
  n/a n/a n/a n/a n/a
Net Current Assets: c n/a c n/a c n/a c n/a c n/a
Non-Current Liabilities:   
Borrowings: 134.00 174.00 8.00 883.00 919.00
Provisions: n/a n/a 50.00 277.00 231.00
Other Non-Current Liabilities: n/a n/a n/a n/a n/a
  134.00 174.00 58.00 1,160.00 1,150.00
Other Liabilities: 456.00 385.00 722.00 1,270.00 1,193.00
Total Liabilities: 6,558.00 6,365.00 8,807.00 15,976.00 15,620.00
Net Assets: 2,812.00 2,496.00 3,091.00 4,730.00 4,342.00
Capital & reserves:   
Share Capital: n/a n/a n/a 4,267.00 3,872.00
Share Premium Account: n/a n/a n/a n/a n/a
Other Reserves: n/a n/a n/a 297.00 297.00
Retained Earnings: n/a n/a n/a n/a n/a
Shareholders Funds: 2,812.00 2,496.00 2,935.00 4,564.00 4,169.00
Minority Interests / Other Equity: n/a n/a 156.00 166.00 173.00
Total Equity: 2,812.00 2,496.00 3,091.00 4,730.00 4,342.00

a. Includes discontinued activities
b. Including assets due in more than one year
c. Not disclosed under IFRS
d. Total fixed assets
e. Includes borrowings

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. Financials provided by Digital Look Ltd.
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The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

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'.