Pensions specialist adds £70m to value in share placing

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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