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RSA legal head banks price rise

Disposal of stock worth £202,344 comes a day after the insurer formally recommends takeover
RSA legal head banks price rise
  • General counsel sells out after discussion closed period ends
  • Shares trade at 2.3 per cent discount to full take-out price
IC TIP: Await documents at 677p

On 18 November, RSA Insurance (RSA) accepted a consortium-led takeover offer from international rivals Tryg and Intact. A day later, with the stock price at a two-year high of 675.2p, the insurer’s legal head and company secretary Charlotte Heiss sold 29,968 shares.

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