8th Mar 2021 18:03
Helios Underwriting PLC - Lloyd's of London insurer - Announces a conditional placing, subscription and open offer to raise up to GBP60.0 million at 160 pence. Company intends to accelerate its limited liability vehicles acquisition strategy with a targeted campaign of further LLV acquisitions over the next 12 months. Says it will use the net proceeds of the fundraise for potential future acquisitions of LLVs.
Current stock price: 165 pence
Year-to-date change: up 7.8%
By Arvind Bhunjun; [email protected]
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