Chesnara Successfully Completes Rump Placing Following Rights Issue

Tip Ranks
2025.07.23 09:57
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Chesnara PLC has successfully completed its rump placing following a rights issue, securing subscribers for all unaccepted New Ordinary Shares at 255 pence per share. This move enhances the company's financial stability and market position. The latest analyst rating for Chesnara stock (GB:CSN) is a Buy with a £320.00 price target, although Spark's AI Analyst rates it as Neutral due to high valuation concerns despite a strong dividend yield. Chesnara operates in the financial services sector, focusing on life insurance and pension products.

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Chesnara ( (GB:CSN) ) has shared an update.

Chesnara PLC announced the successful completion of its rump placing, following a rights issue where RBC Europe Limited and ABN AMRO Bank N.V., along with ODDO BHF SCA, acted as underwriters. The company managed to secure subscribers for all unaccepted New Ordinary Shares, representing about 12% of the total shares issued, at a price of 255 pence per share. The proceeds from this placing will be distributed to qualifying shareholders whose rights lapsed, enhancing Chesnara’s financial stability and potentially improving its market position.

The most recent analyst rating on (GB:CSN) stock is a Buy with a £320.00 price target. To see the full list of analyst forecasts on Chesnara stock, see the GB:CSN Stock Forecast page.

Spark’s Take on GB:CSN Stock

According to Spark, TipRanks’ AI Analyst, GB:CSN is a Neutral.

Chesnara’s overall stock score is driven by a mix of improving financial performance and recent strategic corporate events that bolster its market position. However, high valuation concerns temper the outlook, despite a strong dividend yield.

To see Spark’s full report on GB:CSN stock, click here.

More about Chesnara

Chesnara PLC operates in the financial services industry, focusing on life insurance and pension products. The company, along with its subsidiaries, serves various markets, providing insurance solutions and managing life insurance portfolios.

Average Trading Volume: 355,494

Technical Sentiment Signal: Buy

Current Market Cap: £604.3M

Learn more about CSN stock on TipRanks’ Stock Analysis page.

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