Issue of Equity

Helios Underwriting Plc

12 July 2024

 

12 July 2024

Helios Underwriting plc

("Helios" or the "Company")

Issue of Equity

Further to the announcement made on 10 July, the Company confirms that, pursuant to the scrip dividend alternative offered in lieu of cash for the total dividend for the year ended 31 December 2023, it has issued 164,469 new ordinary shares of 10p each ("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 ('Admission').  Dealings are expected to commence at 8.00 a.m. on 16 July 2024.  Following Admission  pursuant to the scrip dividend elections received, the Company's issued share capital will consist of 78,110,302 Ordinary Shares. The Company holds 3,200,689 Ordinary Shares in Treasury. The total number of voting rights in the Company is therefore 74,909,613 Ordinary Shares.

For further information, please contact:

Helios Underwriting plc

Michael Wade - Chairman                           

Arthur Manners - Chief Financial Officer                  [phone]

Deutsche Numis (Nomad and Broker)                                   

Giles Rolls / Charles Farquhar                                     [phone]

FTI Consulting

Ed Berry / Tom O'Brien                                                [phone] / [phone]

 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.

 

END