Just Group sells debt, equity to withstand tougher capital requirements

Shares in Just Group, the UK life insurance and annuity provider, have stayed above water in the aftermarket after it completed a £75m daytime capital increase on Thursday to strengthen its balance sheet. The deal was to meet stricter capital regulations imposed on equity release mortgage lenders by UK regulators.

  • By Aidan Gregory
  • 15 Mar 2019

The stock closed at 81.75p on Friday, down 4.1% on the day but above the offer price in the capital increase.

Just Group launched the share sale after publishing its 2018 results, alongside the announcement of a separate £300m-plus tier one debt offering led by Barclays as global ...

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