Transaction in Own Shares and Total Voting Rights

RNS Number : 7425K

Helios Underwriting Plc

18 December 2018

 

Helios Underwriting plc

("Helios" or the "Company")

Transaction in Own Shares

and

Total Voting Rights

Helios announces that on 17 December 2018 it purchased a total of 25,000 ordinary shares of 10 pence each in the Company ("ordinary shares") at a price of 120 pence per ordinary share. The repurchased shares will be held in treasury.

This purchase forms part of the Company's share buyback programme, first announced on 25 May 2018, with the objective of enhancing net asset value per share.

Following settlement of the above transaction, the Company's total number of ordinary shares in issue shall be 14,942,462 ordinary shares (excluding shares held in treasury), each carrying voting rights. This figure 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, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules. The Company will also hold 161,778 ordinary shares in treasury, which do not carry voting rights.

For further information please contact:

Helios Underwriting plc

Nigel Hanbury - Chief Executive                                               020 7863 6655/ [e-mail]

Arthur Manners - Chief Financial Officer                                07754 965 917

Stockdale Securities Limited

Robert Finlay/David Coaten                                                      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 £55m of capacity for the 2018 account. The portfolio provides a good spread of business being concentrated in property insurance and reinsurance. For further information please visit www.huwplc.com.

 

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