PSI - PSC Insurance Group

[System]

PSC Insurance Group operates a diversified insurance intermediary business with operations and revenue in Australia, New Zealand and the United Kingdom. Using FY2015 revenue as a guide, the allocation of revenue across jurisdictions is Australia approximately 66.0%, United Kingdom approximately 33.3% and the balance from New Zealand.

PSC Insurance Group's principal businesses within the general insurance market comprise:

• insurance broking;
• an Authorised Representative network (PSC Connect);
• reinsurance broking;
• underwriting agencies; and
• wholesale insurance broking in the United Kingdom

It is anticipated that PSC Insurance Group will list on the ASX during December 2015.

http://www.pscinsurancegroup.com.au

 

[Country Lad]

11 years with no posts?

I know nothing about it other than it is an insurance company but it came up in my scans again.

 

[Dona Ferentes]

11 years with no posts?
I know nothing about it other than it is an insurance company..

Tysers UK Retail JV Update
• AUB has decided not to proceed with the previously announced joint venture of Tysers UK Retail with PSC Insurance Group Ltd (ASX: PSI). AUB will retain 100% of Tysers UK Retail which has demonstrated strong performance and momentum in the first six months of ownership.

....
Market cap now $1.7b.
pays a part franked dividend, yield 1.5%

in the last 3 years :

 

[Dona Ferentes]

Market cap $2B
good half yearly 21/2
upgrade guidance

The Group upgrades its market guidance of underlying EBITDA to an updated range of $125-130m (from $122-127m) and underlying NPATA to an updated range of $83-87m (from $82-86m).

response to media speculation 13/3

turned up in MIR as #14 : held prior but probably added

 

[Dona Ferentes]

and it came to pass

.

.
more CG pass through for MIR

 

[Dona Ferentes]

no pressure...

proposed acquisition of PSC by Rosedale Bidco Pty Ltd ACN 677 065 548, a member of The Ardonagh Group, by way of scheme of arrangement for $6.19 cash per PSC share - first announced to ASX on 8 May 2024,

PSC is pleased to announce that the resolutions to approve the Scheme, as set out in the notices of meeting in respect of each Scheme Meeting were approved by the requisite majorities of PSC Shareholders at the General Scheme Meeting and the Rollover Shareholders Scheme Meeting held earlier today..

Next steps
The Scheme remains subject to the approval of the Federal Court of Australia at a hearing that has been scheduled for 2.15pm (AEST) on Tuesday, 01 October 2024 (Second Court Hearing) and certain other conditions precedent which are described in the Scheme Booklet. ... Once the Scheme becomes Effective, it is expected that trading in PSC Shares will be suspended from close of trading on Wednesday, 02 October 2024 and the Scheme will be implemented on Friday, 11 October 2024.

 

[System]

On October 13th, 2024, PSC Insurance Group Limited (PSI) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between PSI and its shareholders in connection with the acquisition of all the issued capital in PSI by Rosedale Bidco Pty Ltd.