Neil Utley backed by a consortium of financiers has put in a provisional offer for Cox at a share value of 94p per share.
The offer is yet to be approved by Cox directors.
If successful shareholders will receive 92p per share in cash and 2p per share cash dividend.
The offer is subject to series of conditions, including:
·Consortium being backed by its financiers, Duke Street Capital V ltd, Engelfield Capital LLP and Neil Utley
·The approval of the terms by Cox's directors and the consortium
Cox said it has “great confidence” in the buy-out strategy.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
