European Life and Pensions Giant Chesnara Seeks Block Listing of 1.5 Million Ordinary Shares

Renowned European life and pensions consolidator, Chesnara PLC, has taken a significant step in its financial strategy with an application for a block listing of its ordinary shares. This move involves 1.5 million ordinary shares of 5p each being proposed for trading on the London Stock Exchange and admission to the Official List of the Financial Conduct Authority (FCA). These shares are set to be issued in time to come as a result of the exercise of share options.

This significant initiative is a key element of Chesnara’s comprehensive financial strategy, aligning employee performance with company success. In its capacity as a European life and pensions consolidator, Chesnara administers one million policies via its subsidiaries Countrywide Assured in the UK, The Waard Group and Scildon in the Netherlands, and Movestic in Sweden. Besides administrating life and savings policies efficiently, Chesnara seeks to add further value by writing profitable new business and making acquisitions of companies or portfolios in the UK, Sweden and the Netherlands. Such strategic actions have culminated in a consistent rise in Chesnara’s dividends over the previous 20 years, summarising the firm’s dedication to achieving both customer and shareholder satisfaction.