endstream endobj 348 0 obj <>stream 344 0 obj <> endobj H�*�2�4�3�P0�30�&Fz&Hɹ\���� %%EOF National Australia ... they can sell existing shares now at a higher price and replace in the SPP, or make that call after the offer closes and in all likelihood, ... Regrettably, household names such as NAB, Cochlear, QBE and Lend Lease have listened to their investment bankers and chosen to let their retail shareholders down. endstream endobj startxref endstream endobj 349 0 obj <>stream The SPP offer closed at 5.00pm (Melbourne time) on 22 May 2020. That hasn’t dissuaded QBE from continuing with its acquisition-led strategy. 14 April 2020, Written by Matt Ogg QBE Insurance (ASX: QBE) will dilute more than 12 per cent of its ownership as it rattles the tin to secure $1.32 billion in extra capital.

James is part of the CFA Institute’s Chartered Financial Analyst program and hopes it teaches him how to become an astute investor which allows him to help others with their own investing. The SPP opens from 9:00am (Sydney time) today and Eligible Shareholders can participate either online by visiting the SPP offer website (www.qbesppoffer.com) and This investment loss was due to extreme volatility across all asset classes, including a material increase in global fixed income credit spreads and significant declines in equity markets. QBE Insurance Group Completes US$750m Institutional Placement.

0 350 0 obj <>/Filter/FlateDecode/ID[<7704777EB0C9114C9D358A0C745911FE><7E742A758CF1F24E8A85871FD039B9E8>]/Index[344 10]/Info 343 0 R/Length 48/Prev 548866/Root 345 0 R/Size 354/Type/XRef/W[1 2 0]>>stream h�b```"�g� ̀ ��,@ȱg�ܢG� N3�}��};�2��+2}�kz����b " l hj�@���� ���`�|��� �� �z�w��H`=”�$��a���� H�0p��A���, RJ��e *p&� Warnes says retail shareholders are being offered 10 per cent of the total issue, in line with their ownership of existing stock, … $.' Under the SPP, eligible QBE shareholders, being shareholders with a registered address in Australia or New Zealand on QBE’s register as at 7.00PM (Sydney time) on Thursday, 9 April 2020 (and who are not in the United States or acting for the account or benefit of any person Register here Latest news on social media. Australia's second-largest global insurer believes the capital raising will give it the strength …

Outside of reading and researching he spends many a late night watching the English Premier League and Seinfeld reruns.© 2009 - 2020 The Motley Fool Australia Pty Ltd. All rights reserved.ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691 h�265T0P0 0 : 352 0 obj <>stream h�bbd`b`��������pH� �|&�?s�_0�g�e��� � x� After studying economics at university back home in the United Kingdom, James came to live in Australia and managed to land a job at an Australian fund manager. QBE shares at 7.00pm (Sydney time) on 9 April 2020, and were shown on QBE's register to have an address in Australia or New Zealand at that time (Eligible Shareholder). *This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. QBE has announced plans today for a $1.2 billion institutional placement at $8.25 per share, representing a 9.4 per cent discount to the last closing price on Thursday. QBE 2020 half year results. QBE’s 2020 half year results will be released on 13 August 2020. %%EOF endstream endobj 345 0 obj <> endobj 346 0 obj <>>>/Rotate 351 0 R/Type/Page>> endobj 347 0 obj <>stream Shares in QBE have lost 29.27 per cent in 2020 so far against a virus-fuelled 20 per cent decline for the benchmark ASX/200. ",#(7),01444'9=82 QBE's US$825 million ($1.3 billion) rights issue in recent times, the insurer's $8.25 offer price well below its recently revised fair value of $11. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! Warnes says retail shareholders are being offered 10 per cent of the total issue, in line with their ownership of existing stock, … h�265T0P0 0 : ���� JFIF ,, �� C $.' At QBE, we are making small business insurance simple so you can have confidence our Small to Medium Enterprise (SME) products deliver the best possible experience from cover to claim. It's QBE Insurance Group's turn to shore up its balance sheet with an equity raising. %PDF-1.7 %���� Australia's second-largest global insurer believes the capital raising will give it the strength to withstand "severe market downside scenarios". But the group's prescribed capital amount (PCA) multiple has gone down over the past three months following the payment of dividends and a negative investment return of almost US$500 million (AUD$781 million). ���� JFIF ,, �� C

"Despite the extraordinarily difficult landscape, QBE commenced the year with strong pricing momentum and underlying premium growth," says QBE CEO Pat Regan. The placement is due for completion tomorrow, and will be followed up by a US$75 million (AUD$117 million) share purchase plan (SPP) that will close on 11 May. 352 0 obj <>stream Through today's announced capital raising the insurer intends to lift its PCA multiple from 1.6x to 1.9x, thus boosting its liquidity to around US$1.8 billion (AUD$2.8 billion) and giving QBE the flexibility to bring gearing back to its 25-35 per cent internal benchmark. Breville Group Limited Share Purchase Plan . The placement is due for completion tomorrow, and will be followed up by a US$75 million (AUD$117 million) share purchase plan (SPP) that will close on 11 May. QBE's US$825 million ($1.3 billion) rights issue in recent times, the insurer's $8.25 offer price well below its recently revised fair value of $11.

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