Chesnara PLC Notice of AGM (2449W)
April 16 2019 - 2:01AM
UK Regulatory
TIDMCSN
RNS Number : 2449W
Chesnara PLC
16 April 2019
CHESNARA plc
("Chesnara" or "the Company")
16 April 2019
LEI Number: 213800VFRMBRTSZ3SJ06
RELEASE OF ANNUAL REPORT & ACCOUNTS AND NOTICE OF AGM
Chesnara plc today announces that its 2019 Annual General
Meeting will be held at the offices of Panmure Gordon (UK) Limited,
One New Change, London EC4M 9AF on Tuesday 14 May at 11:00am. In
connection with this, the 2018 Annual Report and Accounts,
including the Notice of Annual General Meeting, are being posted
and/or made available to shareholders today.
Copies of the 2018 Annual Report & Accounts and Notice of
AGM may be viewed in the Investor Relations section of the
Company's website at www.chesnara.co.uk.
The Company's preliminary results for the year ended 31 December
2018 were announced on 29 March 2019. This announcement contained a
management report, a condensed set of financial statements prepared
in accordance with applicable accounting standards and
responsibility statements in compliance with DTR6.3.5R.
In accordance with Listing Rule 9.6.1, copies of the 2018 Annual
Report and Accounts and the Notice of AGM have been uploaded to the
National Storage Mechanism and will shortly be available for
inspection at http://www.morningstar.co.uk/uk/NSM.
For further information, please contact: -
Roddy Watt
Director, Capital Markets
FWD
Forward thinking communications
T - 020 7280 0651
E - roddy.watt@fwdconsulting.co.uk
Notes to Editors
Chesnara plc ('Chesnara'), which listed on the London Stock
Exchange in May 2004, is the owner of Countrywide Assured plc ('CA
plc'), Movestic Livförsäkringar AB ('Movestic') and Chesnara
Holdings BV. Chesnara Holdings BV is the intermediate holding
company of 'Waard Group' and 'Scildon'.
CA plc is a UK life assurance subsidiary that is closed to new
business. In June 2005 Chesnara acquired a further closed life
insurance company - City of Westminster Assurance - for GBP47.8m.
With effect from 30 June 2006, CWA's policies and assets were
transferred into CA plc. Save & Prosper Insurance Limited and
its subsidiary, Save & Prosper Pensions Limited, were acquired
on 20 December 2010 for GBP63.5 million. With effect from 31
December 2011, the business of Save & Prosper was transferred
into CA plc. On 28 November 2013 Chesnara acquired Direct Line Life
Insurance Company Limited (subsequently renamed Protection Life
Company Limited) from Direct Line Group plc for GBP39.3m. On 31
December 2014 the PL business transferred into CA plc. CA plc
operates an outsourced business model.
Movestic, a Swedish life assurance company which originally
focused on pensions and savings, was acquired on 23 July 2009 for
GBP20 million. 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.
The Waard Group, a Netherlands-based Group comprising three
closed book insurance companies and a servicing company, was
acquired on 19 May 2015 for EUR69.9m. The Waard Group, comprising
Waard Leven N.V., Hollands Welvaren Leven N.V., Waard Schade N.V.
and Tadas Verzekeringen B.V. was previously owned by DSB Beheer
B.V., a Dutch financial services Group. The policy base of the
Waard Group is predominantly term life policies, with some unit
linked policies and some non-life policies. On 5 April 2017
Chesnara completed its acquisition of Legal & General Nederland
Levensverzeikering Maatschappij N.V. ('LGN') for EUR161.2 million.
The LGN business which has been renamed Scildon, is in the Dutch
life assurance market, and as with our Swedish subsidiary Movestic,
Scildon writes protection and pension new business.
Further details are available on the Company's website
(www.chesnara.co.uk).
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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