Insurance Post

RSA rights issue receives subscriptions for 95.67% of shares

Stephen Hester

RSA chief executive Stephen Hester has welcomed “the successful outcome of our rights issue” after the insurer found subscribers for 96.67% of the new ordinary shares issued.

RSA's previously announced rights issue closed for acceptances at 11am on Wednesday, after receiving valid acceptances in respect of 1 321 235 690 new ordinary shares.

The figure represented

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