Completion of Share Buy-Back

Helios Underwriting Plc
23 July 2024
 

 23 July 2024

Helios Underwriting plc

("Helios" or the "Company")

Completion of Share Buy-Back


Helios, the investment vehicle which builds shareholder value through exposure to Lloyd's, announces that, in accordance with the terms of its share buyback programme announced on 19 June 2024 (the "Programme"), the Company today purchased 2,466,666 ordinary shares of 10p ("Ordinary Shares") each at 150p per share through Deutsche Numis ("Numis"). This completes the Programme.

The repurchased shares will be held by the Company in treasury. Following the purchase and settlement of these shares, the Company's issued ordinary share capital is 78,110,302 of which 5,667,335 of its Ordinary Shares are held in treasury, which attract no voting rights. Therefore, the total voting rights in the Company will be 72,442,947. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 In accordance with Article 5(1)(b) of the UK version of Regulation (EU) No. 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, the table below contains detailed information of the individual trades made by Numis as part of the Share Buyback Programme.

 

 

Aggregate information:

 

Venue

Volume-weighted average price (pence per share)

Aggregated volume

AIMX

150.00

2,466,666

Individual information:

 

Numbers of shares purchased

Transaction price (pence per share)

Time of transaction

Venue

2,466,666

150.00

 13:18:58

 

AIMX

 

 

 

For further information, please contact:

Helios Underwriting plc

Michael Wade - Chairman                                             +44 (0)203 880 7518

Arthur Manners - Chief Financial Officer                    +44 (0)203 965 6441

 

Deutsche Numis (Nomad and Broker)                                   

Giles Rolls / Charles Farquhar                                       +44 (0)20 7260 1000

 

FTI Consulting

Ed Berry / Tom O'Brien                                                   +44 (0)7703 330 199 / +44 (0)7929 021 492

                                                                               

 About Helios

Helios provides a limited liability direct investment into the Lloyd's insurance market and is quoted on the London Stock Exchange's AIM market (ticker: HUW). Helios trades within the Lloyd's insurance market writing approximately £512m of capacity for the 2024 account. The portfolio provides a good spread of business being concentrated in property & casualty insurance and reinsurance. For further information please visit www.huwplc.com.

 

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