Just Retirement to float on the London Stock Exchange

The group's intial public offering (IPO) will comprise of the sale of new ordinary shares, equivalent to approximately £300m, by the company and a partial sale of existing ordinary shares held by the group's existing principal shareholder, Avallux S.à r.l., and members of the management team and certain other minority shareholders. The company said it expects continued growth in its core markets and intends to allocate the proceeds from the issue of new ordinary shares to strengthen regulatory and economic capital ratios in Just Retirement Limited, the group's life company, thereby suppo...