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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.

*This web page constitutes a financial promotion for the purposes of section 21 of the Financial Services and Markets Act 2000 and has been approved by Zeus Capital Limited, which is authorised and regulated by the Financial Conduct Authority.