Beazley placing raises £350m

By Frank Prenesti

Date: Wednesday 16 Nov 2022

(Sharecast News) - Insurer Beazley said it had raised £350m from its recent placing and would use the funds to support organic growth.
The company said it had placed 61m new shares, representing 9.99% of the its issued ordinary share capital, with strong support from existing shareholders. The issue price of 575 pence each represents a discount of 8% to the closing share price of 625 pence on 15 November 2022.

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