Director Dealings

RNS Number : 0989X

Randall & Quilter Inv Hldgs PLC

05 February 2013

 



Randall & Quilter Investment Holdings plc

("Randall & Quilter" or the "Group")

Director Dealings

05 February 2013

The Group was notified on 4 February 2013, that on 4 February 2013, Ken Randall (Group Chairman and Chief Executive Officer) sold 1,000,000 Ordinary shares in the Group at a price of 110 pence per share.

In addition, the Group was notified on 4 February 2013, that on 4 February, Mark Randall (Ken Randall's son) sold 1,000,000 Ordinary shares in the Group at a price of 110 pence per share.

Following these transactions, the aforementioned management and family are interested in the following number of shares:

	No. Of Ordinary Shares	Percentage of issued share capital
Kenneth Randall	17,537,518	34.98%
Mark Randall	1,611,997	3.22%

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Enquiries to:

Randall & Quilter Investment Holdings plc

Tom Booth

Tel: [phone]

Numis Securities Limited

Stuart Skinner (Nominated Advisor)

Tel: [phone]

Charles Farquhar (Broker)

Tel: [phone]

Notes to Editors:

R&Q 

Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following four core areas:

-          Insurance Investments;

-          Underwriting Management & Captives; 

-          Insurance Services.

The Group currently:

- has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;

- has a portfolio of 11 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£85.9m as at 30 June 2012;

- provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates, owns and operates 3 MGAs and has launched Syndicate 1991 to commence underwriting from January 1, 2013 with a Capacity of £77m for 2013.

- acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£8.1m as at 30 June 2012;

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.

 

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