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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Trisura Group Ltd.    TSU   CA89679A2092

TRISURA GROUP LTD.

(TSU)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 01/15 04:00:00 pm
85.7 CAD   +0.62%
2020EXECUTIVE OUTLOOK 2021 : Chris Sekine, Trisura
PU
2020TRISURA : Underwriter of the Year – Emily Thompson
PU
2020TRISURA GROUP LTD. : Appoints George R. James to Lead U.S. Surety Operations
BU
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Trisura : Completes C$60 Million Upsized Bought Deal Public Offering and Concurrent Private Placement of C$7.5 Million

05/15/2020 | 08:59am EST

TORONTO, May 15, 2020 (GLOBE NEWSWIRE) -- Trisura Group Ltd. (“Trisura” or “Trisura Group”) (TSX: TSU), a leading international specialty insurance company, today announced that it has completed its previously announced upsized public offering of 1,289,150 common shares, including 168,150 common shares issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of $46.85 per common share, for gross proceeds of approximately $60 million (the “Offering”). The Offering was completed on a bought deal basis by a syndicate of underwriters led by BMO Capital Markets and Cormark Securities Inc.

Concurrent with the Offering, Trisura issued 160,100 common shares to its principal shareholder, Partners Value Investments Inc., on a private placement basis, for additional gross proceeds of approximately $7.5 million (the “Private Placement”).

In total, Trisura received gross proceeds of approximately $67.5 million from the closing of the Offering and the Private Placement.  

About Trisura Group

Trisura Group Ltd. is an international specialty insurance provider operating in the surety, risk solutions, corporate insurance, fronting and reinsurance segments of the market. Trisura has three principal regulated subsidiaries: Trisura Guarantee Insurance Company in Canada, Trisura Specialty Insurance Company in the U.S. and Trisura International Insurance Ltd. in Barbados. Trisura Group is listed on the Toronto Stock Exchange under the symbol “TSU”.

Further information is available at http://www.trisura.com/group. Important information may be disseminated exclusively via the website; investors should consult the site to access this information. Details regarding the operations of Trisura Group are also set forth in regulatory filings. A copy of the filings may be obtained on Trisura Group’s SEDAR profile at www.sedar.com.

For more information, please contact:
Name: Bryan Sinclair
Tel: 416 607 2135
Email: bryan.sinclair@trisura.com

Trisura.jpg

Source: Trisura Group Ltd

2020 GlobeNewswire, Inc., source Press Releases

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More news
Financials
Sales 2020 853 M 670 M 670 M
Net income 2020 29,0 M 22,7 M 22,7 M
Net Debt 2020 - - -
P/E ratio 2020 29,3x
Yield 2020 -
Capitalization 880 M 691 M 691 M
Capi. / Sales 2020 1,03x
Capi. / Sales 2021 0,78x
Nbr of Employees 159
Free-Float 87,9%
Chart TRISURA GROUP LTD.
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Trisura Group Ltd. Technical Analysis Chart | TSU | CA89679A2092 | MarketScreener
Technical analysis trends TRISURA GROUP LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 108,00 CAD
Last Close Price 85,70 CAD
Spread / Highest target 33,0%
Spread / Average Target 26,0%
Spread / Lowest Target 16,7%
EPS Revisions
Managers and Directors
NameTitle
David Clare President, Chief Executive Officer & Director
George E. Myhal Chairman
Jimmy Doyle Chief Financial & Risk Officer
Gregory E. A. Morrison Director
paul Gallagher Independent Director
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