Acquisition

RNS Number : 5192X

Chesnara PLC

01 September 2020

 

CHESNARA plc

("Chesnara" or "the Company")

LEI Number: 213800VFRMBRTSZ3SJ06

01 September 2020

REGULATORY APPROVAL

Following the announcement on 22 November 2019 in connection with the proposed acquisition of the Dutch insurance portfolio of Belgian-owned Argenta Bank-en Verzekeringsgroep N.V, Chesnara plc is pleased to confirm that all remaining conditions precedent to the completion of the acquisition have now been fulfilled.

For further information, please contact:

Roddy Watt

Director, Capital Markets

FWD

Forward thinking communications

T  -  020 7280 0651 

E  -  [e-mail]  

Notes to Editors

Chesnara is a life and pensions company listed on the London Stock Exchange.  It administers over one million policies and operates as Countrywide Assured in the UK, as The Waard Group and Scildon in the Netherlands, and as Movestic in Sweden.

Following a three pillar strategy, Chesnara's primary responsibility is the efficient administration of its customers' life and savings policies, ensuring good customer outcomes and providing a secure and compliant environment to protect policyholder interests. It also adds value by writing profitable new business in Sweden and the Netherlands and by undertaking value-adding acquisitions of either companies or portfolios.

Consistent delivery of the Company strategy has enabled Chesnara to increase its dividend for 15 years in succession.

Further details are available on the Company's website ( www.chesnara.co.uk ).

 

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