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Hardman & Co Research · ISIN: GB00B00FPT80 · EQS - Company News (13 News)
Country: Great Britain · Primary market: United Kingdom · EQS NID: 2166814
08 July 2025 11:15AM

Landing the big one


Hardman & Co Research
Hardman & Co publication on Chesnara plc (CSN): Landing the big one

08-Jul-2025 / 10:15 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on Chesnara plc (CSN): Landing the big one
 

After a longer wait than planned, Chesnara has announced a large acquisition, HSBC Life (UK). At a cost of £260m, it is over 70% of Chesnara’s pre-announcement market capitalisation and will be funded by a mixture of equity, existing cash resources (primarily from the earlier Tier 2 bond issue) and drawing down from a newly increased revolving credit facility. The rights issue should complete by 23 July 2025, with deal completion in early 2026. There is a one-off additional uplift to the dividend per share (adjusted for the rights issue) of 6%, which will apply to the 2025 final and 2026 interim dividends.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/csn-landing-the-big-one/

 

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an Authorised Representative of Palace Ventures Limited, which is authorised and regulated by the Financial Conduct Authority (FRN 433291) Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

2166814  08-Jul-2025 

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