LONDON (Alliance News) - Charles Taylor PLC on Thursday said it is currently exploring a number of potential acquisitions following the recent completion of its GBP28.8 million rights issue.
In a short statement ahead of its annual general meeting, Charles Taylor Chairman Rupert Robson said the company appointment to manage The Strike Club and the acquisition of Scottish Widows International Ltd will add around 10% to its revenue in 2015 and will be earnings enhancing.
He added the company, which provides professional services to insurers and operates life insurance businesses in run-off, is also "exploring a number of opportunities, which are in varying stages of development" following its GBP28.8 million rights issue, the proceeds of which are to be used to pursue strategic acquisitions, joint ventures and business investments.
Shares in Charles Taylor were up 1.0% Thursday at 235.00 pence.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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