divi27 Feb 2014 07:44
In statement on Thursday announcing the conclusion of a strategic review launched in the wake of an accounting scandal at one of its divisions, RSA said it has already started making disposals, worth around 300 million pounds.
"We have reluctantly concluded we must ask our shareholders, via a rights issue, for a substantial sum," the group's newly appointed troubleshooting chief executive Stephen Hester said.
The group added that a final dividend, "cannot be justified."