Chesnara Successfully Completes Rump Placing Following Rights Issue
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Chesnara PLC has successfully completed its rump placing following a rights issue, securing subscribers for all unaccepted New Ordinary Shares at 255 pence per share. This move enhances the company's financial stability and market position. The latest analyst rating for Chesnara stock (GB:CSN) is a Buy with a £320.00 price target, although Spark's AI Analyst rates it as Neutral due to high valuation concerns despite a strong dividend yield. Chesnara operates in the financial services sector, focusing on life insurance and pension products.
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