Transaction in Own Shares

Helios Underwriting Plc
23 January 2024
 

23 January 2024

Helios Underwriting plc

("Helios" or the "Company")

Transaction in Own Shares

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 15 August 2023, 23 August 2023, 10 October 2023 and 18 December 2023 (the "Share Buyback Programme"), the Company purchased the following number of its ordinary shares of 10p ("Ordinary Shares") each through Deutsche Numis ("Numis").

 

Date of purchase:

22 January 2024

Aggregate number of Ordinary Shares purchased:

66,000

Lowest price paid per share (GBp):

150.00

Highest price paid per share (GBp):

150.00

Volume weighted average price paid per share (GBp):

150.00

 

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 77,945,833 of which 3,049,097 of its Ordinary Shares are held in treasury, which attract no voting rights. Therefore, the total voting rights in the Company will be 74,896,736. 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

66,000


Individual information:

 

Numbers of shares purchased

Transaction price (pence per share)

Time of transaction

Venue

66,000

 

150.00

 

10:16:44

 

AIMX

 

 

 

For further information, please contact:

Helios Underwriting plc

Martin Reith - Chief Executive Officer                    +44 (0)7720 292 505

Nigel Hanbury - Executive Deputy Chairman        +44 (0)7787 530 404  

Arthur Manners - Chief Financial Officer               +44 (0)7754 965 917

 

Deutsche Numis (Nomad and Broker)                                       

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

 

 

Buchanan (PR)

Helen Tarbet / George Beale                                      +44 (0)7872 604 453

                                                                                         +44 (0)20 7466 5111

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 £501m 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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings