Allotment of Shares

RNS Number : 6565Z

Randall & Quilter Inv Hldgs Ltd

14 January 2020

 

Randall & Quilter Investment Holdings Ltd.

("R&Q", the "Group" or the "Company")

Allotment of Shares

14 January 2020

Further to the Company's announcement on 13 January 2020, the Company has issued a total of 5,178,524 new ordinary shares of 2p each to satisfy the award of 5,178,524 restricted ordinary shares (the "Restricted Ordinary Shares") to William Spiegel in accordance with his remuneration package. The Restricted Ordinary Shares will be held in escrow and will not vest until 10 January 2023 subject to William's continued employment and other customary conditions.

Application has been made to the London Stock Exchange for the admission of the 5,178, 524 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place on 16 January 2020.

As a result of this transaction the total issued share capital will therefore increase to 201,096,092. There are no shares held in Treasury and the total voting rights will therefore be 201,096,092.

-Ends-

Randall & Quilter Investment Holdings Ltd. Ken Randall Tel: [phone] Numis Securities Limited (Nominated Adviser) Stuart Skinner Tel: [phone] Charles Farquhar Tel: [phone] Shore Capital Stockbrokers Limited Dru Danford / Stephane Auton Tel: [phone] FTI Consulting Edward Berry/Tom Blackwell Tel: [phone]

Notes to Editors:

About R&Q 

The overall mission of the Bermuda based Group is to:

·      generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/ reinsurances, including in Lloyd's; and 

·      grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable programme business, largely on behalf of highly rated reinsurers.

Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders. 

The Group was founded by Ken Randall and Alan Quilter in 1991.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

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