RSA Insurance Group PLC (RSA)

[Steveam]

Court Sanction

Delisting likely from 1-June-2021

https://www.ii.co.uk/news/court-sanctio ... 11_3987743

Best wishes,

Steve

[Turf]

Thanks Steve does your RSA holding just get replaced with the cash at the level agreed and credited to your account ?

Regards
Pete

[Steveam]

Hi Turf,

Yes, but the latest date for the cash appears to be 15th June (I'd expect it rather before but don't bet on it!)

Best wishes,

Steve

[Breelander]

Scheme of Arrangement becomes effective

A Scheme Shareholder on the register of members of RSA at the Scheme Record Time, being 6:30 p.m. on 28 May 2021, will be entitled to receive 685 pence in cash for each Scheme Share held. Settlement of the consideration to which any Scheme Shareholder is entitled will be effected by way of the despatch of cheques or the crediting of CREST accounts (for Scheme Shareholders holding Scheme Shares in certificated form and in uncertificated form respectively) (or by any other method approved by the Panel) as soon as practicable and in any event not later than 14 days after the Effective Date, as set out in the Scheme Document.

https://www.investegate.co.uk/rsa-insur ... 00133873A/

[Dod101]

And so goes yet another UK financial institution. My first job was with the 'R' bit of RSA and I am sorry to see it disappear. In its day it was a good company and decent employer. From an investor's point of view though, I cannot believe that it will be much missed.

Dod

[pje16]

The last day of trading was supposed to be 28 May - yet the share price is still showing in Google Finance
I have a spreadsheet which price tracks my shares and normally the price disappears when the shares are delisted
They are also still showing in my holdings on EQI but Buy/Sell is not available
I suspect it will disappear overnight

[pje16]

Good news
have just received my RSA payout

[Steveam]

Good news
have just received my RSA payout

Which broker? Have just checked iWeb and nothing yet.

Best wishes,

Steve

[pje16]

Hi Steve
EQI (and their PDF file was created at 11.58 today)
cheers
Paul

[Itsallaguess]

Good news

have just received my RSA payout

The cash has arrived in my AJ Bell account.

Another single-share income-holding gone, through natural causes this time, with the capital to be rotated into my growing income-IT collection, no doubt...

Cheers,

Itsallaguess

[Breelander]

Cash arrived in Barclays Smart Investor today.

[kempiejon]

I have RSA with Halifax and as noted on some other threads they're never the promptest with payment delivery. Annoyingly tomorrow is a regular investment day for me and their payment could have rolled into tomorrow's picks. Oh well next month.

[Steveam]

Proceeds arrived in iWeb account this morning.

Best wishes,

Steve

[kempiejon]

And unsurprisingly Halifax too.

[ADrunkenMarcus]

I don't think it's a bad result for shareholders given the poor share price performance for many years!

Best wishes


Mark

[Breelander]

A cheque (remember those?) arrived in the post today for the certificated part of my holding.

[pje16]

I can hardly remember certificates either

[ADrunkenMarcus]

I think I was certified when I held RSA.

Best wishes


Mark.

[vrdiver]

I guess I was lucky with RSA. I bought them in December 2004, topped up in March 2012, subscribed to the rights issue in April 2014 and got taken out in June 2021. Over that period my XIRR has been 9.5%, which doesn't feel too shabby for such a maligned share...

They were originally bought as part of a HYP holding, but the received cash has now been reinvested in an IT (PEY: PEYS.LSE) as I slowly morph from HYP to something a bit less hands-on. My HYP was a little heavy in financials and insurers, so this was an opportunity to re-allocate funds to something different...

VRD