Chesnara PLC Total Voting Rights (6222A)
May 31 2019 - 1:00AM
UK Regulatory
TIDMCSN
RNS Number : 6222A
Chesnara PLC
31 May 2019
CHESNARA plc
("Chesnara" or "the Company")
LEI Number: 213800VFRMBRTSZ3SJ06
31(st) May 2019
TOTAL VOTING RIGHTS
In conformity with 5.6.1 of the Disclosure Guidance and
Transparency Rules, the Company notifies the market of the
following: -
The Company's issued share capital as at the date of this
announcement consisted of 149,961,626 ordinary 5p shares and, with
no shares in Treasury, this too was the number of voting
rights.
This figure of 149,961,626 may be used by shareholders as the
denominator for the calculations by which they will determine if
they are required to notify their interest in, or a change to their
interest in the Company under the FCA's Disclosure Guidance and
Transparency Rules.
For further information, please contact: -
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 020 7280 0651
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara plc ('Chesnara'), which listed on the London Stock
Exchange in May 2004, is the owner of Countrywide Assured plc ('CA
plc'), Movestic Livförsäkringar AB ('Movestic') and Chesnara
Holdings BV. Chesnara Holdings BV is the intermediate holding
company of 'Waard Group' and 'Scildon'.
CA plc is a UK life assurance subsidiary that is closed to new
business. In June 2005 Chesnara acquired a further closed life
insurance company - City of Westminster Assurance - for GBP47.8m.
With effect from 30 June 2006, CWA's policies and assets were
transferred into CA plc. Save & Prosper Insurance Limited and
its subsidiary, Save & Prosper Pensions Limited, were acquired
on 20 December 2010 for GBP63.5 million. With effect from 31
December 2011, the business of Save & Prosper was transferred
into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life
Insurance Company Limited (subsequently renamed Protection Life
Company Limited) from Direct Line Group plc for GBP39.3m. On 31
December 2014 the PL business transferred into CA plc. CA plc
operates an outsourced business model.
Movestic, a Swedish life assurance company which originally
focused on pensions and savings, was acquired on 23 July 2009 for
GBP20 million. The company is open to new business and seeks to
grow its position in the Swedish unit-linked market. Its
proposition was strengthened in February 2010 with the acquisition
of the operations of Aspis Försäkringar Liv AB which has a risk and
health product bias.
The Waard Group, a Netherlands-based Group comprising two closed
book insurance companies (life and income protection) and a
servicing company, was acquired on 19 May 2015 for EUR69.9m from
DSB Beheer B.V., a Dutch financial services Group. The group
comprises Waard Leven N.V., Waard Schade N.V. and Waard
Verzekeringen B.V. The portfolio of the Waard Group is
predominantly term life policies with some unit linked and income
protection policies. On 5 April 2017 Chesnara completed its
acquisition of Legal & General Nederland Levensverzekering
Maatschappij N.V. ('LGN') for EUR161.2 million. The business was
renamed Scildon, is in the Dutch life assurance market and, as with
our Swedish subsidiary Movestic, it writes protection and pension
new business.
Further details are available on the Company's website
(www.chesnara.co.uk).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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