Issue of Equity

RNS Number : 4692D

Helios Underwriting Plc

06 July 2016

 

Helios Underwriting Plc

6 July 2016

Helios Underwriting plc

("Helios" or the "Company")

Issue of equity

Helios 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 2015, it has today issued 125,947 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 11 July 2015.  Following the issue of the new ordinary shares, the issued ordinary share capital of the Company will comprise a total of 10,621,297 ordinary shares.  No ordinary shares are held in treasury.

For further information please contact:

Helios Nigel Hanbury - Chief Executive	[e-mail]
Stockdale Securities Robert Finlay/Rose Ramsden	020 7601 6100

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 £32 million of capacity for the 2016 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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