Trump says envoy Witkoff had productive meeting with Putin
LONDON - Chesnara PLC announced on Thursday it has published a prospectus for its rights issue aimed at raising approximately £140 million in gross proceeds.
The UK-based financial services company said the Financial Conduct Authority (FCA) has approved the prospectus dated July 3, 2025. The document will be posted to shareholders who have elected to receive hard copies on July 4.
The prospectus contains detailed information about the rights issue and is available on the company’s website. A copy has also been submitted to the National Storage Mechanism and will be available for inspection through the FCA’s data portal.
Chesnara has appointed several financial institutions to manage the offering. RBC Capital Markets will serve as sponsor, global coordinator, lead underwriter, and joint financial advisor. ABN AMRO (AS:ABNd) and Panmure Liberum have been appointed as joint bookrunners.
The company did not specify how it plans to use the proceeds from the rights issue in the announcement.
The rights issue involves the offering of nil paid rights, fully paid rights, and new ordinary shares. Chesnara noted that the prospectus should be consulted for full details before making any investment decisions.
According to the announcement, the rights issue is not available to investors in certain jurisdictions, including the United States, Australia, Canada, Japan, and South Africa.
This article is based on a press release statement from Chesnara PLC.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.