24th Feb 2014 07:00
23rd February 2014
RSA Insurance Group plc
Response to Press Speculation
RSA Insurance Group plc notes the recent press speculation regarding a potential Rights Issue.
RSA is considering measures to strengthen its balance sheet, including raising capital by way of a Rights Issue, however no final decision has been made by the Company at this time.
Further details will be given when appropriate.
RSA’s 2013 full year preliminary results and update on the current business review will be announced on 27 February 2014.
-ENDS-
| Analysts & Investors | Press | ||
| Matt Hotson | Louise Shield | ||
| 020 7111 7212 | 020 7111 7047 | ||
| 07711 956 077 | 07786 114 662 | ||
| Rupert Taylor Rea | Jon Sellors | ||
| 020 7111 7140 | 020 7111 7327 | ||
| 07881 677 400 | 07711 701 806 | ||
About RSA
With a heritage of over 300 years, RSA is one of the world’s leading multinational quoted insurance groups. RSA has major operations in the UK, Scandinavia, Canada, Ireland, Latin America, Asia and the Middle East and Central and Eastern Europe and has the capability to write business in around 140 countries. Focusing on general insurance, RSA has around 23,000 employees and, in 2012, its net written premiums were £8.4 billion.
Important disclaimer This press release and the associated conference call may contain ‘forward-looking statements’ with respect to certain of the Group’s plans and its current goals and expectations relating to its future financial condition, performance, results, strategic initiatives and objectives. Generally, words such as “may”, “could”, “will”, “expect”, “intend”, “estimate”, “anticipate”, “aim”, “outlook”, “believe”, “plan”, “seek”, “continue” or similar expressions identify forward-looking statements. These forward-looking statements are not guarantees of future performance. By their nature, all forward-looking statements are inherently predictive and speculative and involve risk and uncertainty because they relate to future events and circumstances which are beyond the Group’s control, including amongst other things, UK domestic and global economic business conditions, market-related risks such as fluctuations in interest rates and exchange rates, the policies and actions of regulatory authorities, the impact of competition, inflation, deflation, the timing impact and other uncertainties of future acquisitions or combinations within relevant industries, as well as the impact of tax and other legislation or regulations in the jurisdictions in which the Group and its affiliates operate. As a result, the Group’s actual future financial condition, performance and results may differ materially from the plans, goals and expectations set forth in the Group’s forward-looking statements. Forward-looking statements in this press release are current only as of the date on which such statements are made. The Group undertakes no obligation to update any forward-looking statements, save in respect of any requirement under applicable law or regulation. Nothing in this press release shall be construed as a profit forecast.
Copyright Business Wire 2014
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