Director Dealings

RNS Number : 0435Y

Randall & Quilter Inv Hldgs PLC

18 February 2013

 



Director Dealings

18 February 2013

The Group has been notified that on 15 February 2013 Alan Quilter, Group Chief Operating Officer, sold 300,000 ordinary shares in the Group at a price of 122 pence per share.

Following this transaction Mr Quilter holds 4,046,456 ordinary shares, which represents 8.14% per cent of the Group's issued share capital (excluding shares held by the Employee Benefit Trust (the "EBT") which has waived its voting rights).

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Notes to Editors:

Enquiries to:

Randall & Quilter Investment Holdings PLC                          www.rqih.com  

Tom Booth                                                                              Tel: [phone]

Numis Securities Limited

Stuart Skinner (Nominated Adviser)                                       Tel: [phone]

Charles Farquhar (Broker)                                                      Tel: [phone]

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 three core areas:

-          Insurance Investments;

-          Underwriting Management; 

-          Insurance Services & Captive Management

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;

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

- 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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