Date Posted:


Zeus acted as Sole Broker and Joint Bookrunner to Xafinity plc (Ticker: XAF.L) on its Main Market Firm Placing and Placing and Open Offer to raise £70 million.

11th January 2018

The proceeds of the raise were used by Xafinity plc in its purchase of the actuarial consulting, pensions administration and investment consulting businesses from Punter Southall Group Limited for a total consideration of c.£153 million. The Placing Price of 170p represented a 1.7% discount to the Closing Price of 173p on the last Business Day before the announcement of the capital raising.

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