Issue of Equity

RNS Number : 5731R

Helios Underwriting Plc

30 June 2015

 

30 June 2015

Helios Underwriting plc

("HUW" or the "Company")

Issue of equity

HUW is pleased to announce that, pursuant to the scrip dividend alternative offered in lieu of cash for the total dividend for the year ended 31 December 2014, it has issued 84,027 new ordinary shares in satisfaction of elections received.

Application has been made to the London Stock Exchange for the new ordinary shares, which rank pari passu with the Company's existing issued ordinary shares, to be admitted to trading on AIM.  Dealings are expected to commence at 8.00 a.m. on 3 July 2015.  Following the issue of the new ordinary shares, the issued ordinary share capital of the Company will comprise a total of 9,040,814 ordinary shares.  No ordinary shares are held in treasury.

For further information please contact:

HUW Nigel Hanbury - Chief Executive	[e-mail]
Smith & Williamson Corporate Finance David Jones	020 7131 4000
Westhouse Securities Robert Finlay	020 7601 6100

About HUW

HUW 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).  HUW's subsidiary underwriting vehicles trade within the Lloyd's insurance market as corporate members of Lloyd's writing £25 million of capacity for the 2015 account.  The portfolio provides a good spread of classes of business being concentrated in property insurance and reinsurance.  For further information please visit www.huwplc.com.

 

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