Director/PDMR Shareholding

RNS Number : 2193J

Randall & Quilter Inv Hldgs PLC

28 June 2011

 

Date:	28 June 2011
On behalf of:	Randall & Quilter Investment Holdings plc ("R&Q", "Randall & Quilter" or "the Company")
For immediate release

Randall & Quilter Investment Holdings PLC

Directors' Shareholdings

Following the successful intraday market purchase announced by the Company this morning, in order to maintain levels of free float in the Company's shares, Ken Randall, Chairman and Chief Executive has sold 623,337 ordinary shares of 2 6/91p each in the Company ("Ordinary Shares"), Mark Randall, his son, has sold 259,630 Ordinary Shares and Alan Quilter, Chief Operating Officer, has sold 216,365 Ordinary Shares. The Ordinary Shares sold by them are included in the 2,066,464 Ordinary Share intraday market purchase announced earlier today. Their respective shareholdings are now 20,484,790, 2,511,997 and 4,493,853 respectively, representing approximately 37.2%, 4.6% and 8.2% of the Group's current issued ordinary share capital (prior to the cancellation of any repurchased shares under the intraday market purchase).

Following the proposed cancellation of the shares repurchased by the Company, and announced by the Company prior to this announcement, since it began its repurchase programme on 23 June 2011, Ken Randall's percentage shareholding in the Company will be approximately 38.7%, Mark Randall's will be approximately 4.7% and Alan Quilter's will be approximately 8.5%. These percentage holdings will be almost identical in the aggregate to those held prior to the repurchase programme and broadly similar on an individual basis.

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Enquiries:

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]

Shore Capital Stockbrokers Limited

Dru Danford/Stephane Auton                                     Tel: [phone]

Redleaf Communications                                           r&[e-mail] 

Emma Kane/Alicia Jennings                                       Tel: [phone]

Notes to Editors:

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;

-   Insurance Services;

-   Underwriting Management; and

-   Captives.

The Group currently:

-   has a portfolio of nine insurance companies in run-off (from the UK, US and Europe) with net assets of c.£73m as at 31 December 2010;

-   has wide service capability in both the 'live' and 'run-off' markets

-   has a team of approximately 350 insurance professionals based in the UK, USA, Bermuda, Canada and Gibraltar; and

-   provides 'turnkey' management services to new Lloyd's syndicate 1897 and manages two RITC ('run-off') syndicates.

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer, who both have extensive experience in the industry including as Head of Regulation of Lloyd's and as Head of the Market Financial Services Group respectively.

 

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