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London Stock Exchange

Share Price is delayed by 15 minutes

Share Price: 672.50

Bid: 673.50

Ask: 674.00

Change: 6.00 (0.90%)

Spread: 0.50 (0.074%)

Open: 658.50

High: 675.00

Low: 656.00

Prev. Close: 666.50

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Beazley raises GBP350 million in capital raise through share placement

Wed, 16th Nov 2022 16:26

(Alliance News) - Beazley PLC on Wednesday said it raised GBP350 million in a capital raise with "strong support" from existing shareholders.

It said 60.4 million shares were placed by JPMorgan Cazanove and Numis Corp PLC at a price of 575 pence each, while an additional 529,036 shares were subscribed through the PrimaryBid platform.

The price of 575p was a discount of 8.0% to the closing price of 625p on Tuesday, the day the capital raise was announced.

Shares in Beazley were trading 3.6% lower at 602.50 pence each in late trade in London on Wednesday.

The capital raise represents around 10% of the company's issued share capital.

By Chris Dorrell; chrisdorrell@alliancenews.com;

Copyright 2022 Alliance News Limited. All Rights Reserved.

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