Chesnara PLC has announced a notification of major holdings. The notification states that abrdn plc, an investment management entity, has acquired voting rights in Chesnara. The acquisition took place on November 27, 2023. The total voting rights held by abrdn plc amount to 10.980842% of the shares, which corresponds to 16,536,150 voting rights. This is a decrease from the previous notification, which stated that abrdn plc held 11.028748% of the voting rights. The notification also provides details of the financial instruments held by abrdn plc, but no specific information is given about these instruments. The ultimate controlling person of abrdn plc is also listed as abrdn plc itself. The notification concludes with contact information for investor and media inquiries.
Chesnara is a European life and pensions consolidator listed on the London Stock Exchange. The company administers approximately one million policies and operates under various brand names in the UK, the Netherlands, and Sweden. Chesnara's primary focus is on the efficient administration of its customers' policies, ensuring good customer outcomes and protecting policyholder interests. The company also seeks to add value through profitable new business and strategic acquisitions. Chesnara has a track record of increasing its dividend for 18 consecutive years.