RSA considering rights issue

hand-ticking

Provider keeping its options open.

RSA has responded to weekend press speculation that it is on the verge of a substantial rights issue offer to raise capital.

Stories in the national media put the potential rights issue as ranging from £350m to £800m in size.

The cash call would be in response to the £200m black hole found in the insurer's Ireland unit last year and would follow the recent appointment of Stephen Hester as CEO.

In a statement this morning the provider confirmed that it was looking at options to raise funds.

"RSA

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