Randall & Quilter Inv Hldgs Ltd Issue of equity (0210N)
August 03 2017 - 3:40AM
UK Regulatory
TIDMRQIH
RNS Number : 0210N
Randall & Quilter Inv Hldgs Ltd
03 August 2017
3 August 2017
Randall & Quilter Investment Holdings Ltd.
("R&Q", the "Group" or the "Company")
Issue of equity
R&Q has issued 5,000 new ordinary shares of 2 pence each
pursuant to the exercise of an option under its Long Term Incentive
Plan.
Application has been made to the London Stock Exchange for the
admission of 5,000 new ordinary shares to trading on AIM. Admission
of the new shares is expected to take place at 8.00am on 8 August
2017.
Following this transaction the total issued share capital of the
Company will increase to 87,682,783. There are no shares held in
treasury.
Ends
Enquiries to:
Randall & Quilter Investment www.rqih.com
Holdings Ltd.
Tom Booth Tel: +1 441 247
8330
Numis Securities Limited
Stuart Skinner (Nominated Tel: 020 7260
Adviser) 1000
Charles Farquhar (Broker) Tel: 020 7260
1000
Shore Capital Stockbrokers Limited
Dru Danford / Stephane Auton Tel: 020 7408
4090
FTI Consulting
Edward Berry/Tom Blackwell Tel: 020 3727
1046
Notes to Editors:
About R&Q
Randall & Quilter pursues a buy and build strategy and has
created a comprehensive range of investment activities and services
in the global non-life insurance market.
R&Q is focused on the following three areas:
-- Insurance Investments
-- Insurance Services
-- Underwriting Management
The Group:
-- provides a range of services to both the live and legacy
(re)insurance markets to support growing businesses and address
complex and challenging run-off issues;
-- employs over 400 insurance professionals based in Bermuda,
the US and Europe with wide service capability in both the 'live'
and 'run-off' markets;
-- owns and manages a portfolio of insurance companies, both
active and in run-off, in Bermuda, the US and Europe with net
assets of GBP161m as at 31 December 2016;
-- owns an admitted P&C Insurer, A- rated by AM Best, with
licenses throughout the US; owns a Bermuda Class 3A insurance
company;
-- launched Syndicate 1991, which commenced underwriting from
January 1, 2013 and has an agreed capacity of GBP127m for 2017,
manages one RITC ('run-off') syndicate, 3330, and owns and operates
an MGA platform;
-- acquires and manages a portfolio of insurance receivables,
with a carrying cost of GBP5.6m as at 31 December 2016
The Group was founded by Ken Randall and Alan Quilter in
1991.
Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94
Website: www.rqih.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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