Share price spike sparks statement
Kiln, the Lloyd's insurer, has confirmed it is in discussions regarding a possible offer from an unnamed bidder.
A statement to the stock exchange read:
“The Board of Kiln Ltd ('Kiln' or the 'Group') has noted the recent movement in Kiln's share price.
“The Board confirms that Kiln is in discussions regarding a possible offer for the Group. The Board intends to progress these discussions in order to establish as soon as is practicable whether an offer for the Group may be made on terms which the Board could recommend to shareholders. Shareholders should note that these discussions are ongoing, and there can be no assurance that any offer will be forthcoming for the Group. To the extent that an offer is not forthcoming, the Board will proceed with its previously announced share buyback plans.
“Further updates will be provided to shareholders as appropriate.”
