Partnership Assurance Group PLC Fixed Income Investor Meetings (5131B)
January 07 2015 - 3:55AM
UK Regulatory
TIDMPA.
RNS Number : 5131B
Partnership Assurance Group PLC
07 January 2015
Fixed income investor meetings
Partnership Assurance Group plc ('Partnership' or 'the Group')
announces that it has mandated BofA Merrill Lynch and Royal Bank of
Scotland to arrange a series of fixed income investor meetings,
commencing on 8 January 2015, to assess a sterling-denominated
subordinated debt transaction issued by Partnership. There can be
no certainty that a debt transaction will occur, but the Board of
Partnership believes that, as announced at the investor day in
November, it is in shareholders' interests to explore opportunities
to provide the financial flexibility to invest in new initiatives
and to diversify the Group's sources of funding.
Commenting on today's announcement, Steve Groves, CEO said:
"Partnership currently has no debt and it is therefore logical
to explore the opportunities to diversify, optimise and strengthen
our robust capital position with a prudent amount of leverage. We
will update the market in due course."
Enquiries
Investors: Media:
----------------------------------- ---------------------------------------------------------
Katherine Jones Jim Boyd Citigate Dewe Rogerson
Director of Investor Director of Corporate Grant Ringshaw, Shelly
Relations Affairs Chadda
+44 (0) 207 444 8040 +44 (0) 207 618 2744 +44 (0) 207 638 9571
katherine.jones@partnership.co.uk pressoffice@partnership.co.uk
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This information is provided by RNS
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