Insurance Age

Helphire Group plan to raise £45m through share offer

In a statement, Helphire said:

Cenkos Securities has conditionally placed 40,871,027 New Ordinary Shares at 110 pence per share with a number of existing institutional investors The Issue Price represents a premium of 8.9 per cent. to yesterday’s closing mid-market price of 101 pence Shareholders will be offered the opportunity to subscribe for the New Ordinary Shares under the Open Offer A Prospectus relating to the Placing and Open Offer and a notice of a General Meeting to consider the p