Lloyd's insurer to raise £72.8m
Lloyd's insurer Kiln this morning announced a rights issue to raise £72.8m. At least £40m of the net proceeds will be used to acquire capacity on Syndicate 510.
In a statement Kiln said the rights issue would have a price of 87p per share under the Rights Issue which represents a discount of 16 per cent. to the closing price of 103.5p on 1 November 2005, theOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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