Directorate Change

RNS Number : 0615K

Chesnara PLC

19 June 2014

 

Listing Rule 9.6.14

 In accordance with Listing Rule 9.6.14, the Company advises that Mike Evans, Non-Executive Director of Chesnara  plc, was appointed Non-Executive Chairman of Zoopla Property Group with effect from 22nd May 2014.  Zoopla Property Group plc will be admitted on the London Stock Exchange on 23rd June 2014.

Mr Evans has advised that he will be standing down from the Board of CBRE Global Investors Group (UK) Limited on 15 July 2014.

Enquiries

Graham Kettleborough

Chief Executive, Chesnara plc  -                                07799 407519

Notes to Editors

Chesnara plc, which listed on the London Stock Exchange in May 2004, is the owner of Countrywide Assured plc ("CA") and Movestic Livförsäkringar AB ('Movestic').

CA is a UK life assurance subsidiary that is substantially closed to new business. In June 2005 Chesnara acquired a further closed life insurance company - City of Westminster Assurance ('CWA')and with effect from 30 June 2006, CWA's policies and assets were transferred into CA. Save & Prosper Insurance Ltd and its subsidiary Save & Prosper Pensions Ltd (together 'S&P') were acquired on 20 December 2010. S&P was closed to new business prior to acquisition and it operates an outsourced business model which is complementary to Chesnara's existing UK operations. With effect from 31 December 2011, the business of S&P was transferred into CA.

Movestic, a Swedish life assurance company which originally focused on pensions and savings, was acquired on 23 July 2009. The company is open to new business and seeks to grow its position in the Swedish unit-linked market. Its proposition was strengthened in February 2010 with the acquisition of the operations of Aspis Försäkringar Liv AB which has a risk and health product bias.

 

END

 

 

BOAFLMJTMBMBBII