Director/PDMR Shareholding

RNS Number : 9793Q

Randall & Quilter Inv Hldgs Ltd

23 June 2015

 

Randall & Quilter Investment Holdings Ltd.

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

Director/PDMR shareholding

Exercise of Share Options

23 June 2015

Under the terms of a grant of options made on 23 June 2015, Tom Booth, Group Chief Financial Officer of the Company has exercised options over 122,449 ordinary shares in Randall & Quilter today at a price of 2p per share. This exercise will be met through the issue of 22,259 ordinary shares and the transfer of 100,190 shares from treasury.  The total issued share capital of the Company will therefore increase to 71,798,339.  There will be 0 shares remaining in treasury and the total number of voting rights after this exercise will therefore be 71,798,339.

Mr Booth is retaining all the shares from this exercise bringing his total shareholding in the Company to 930,342 shares which will represent 1.30% of the total issued share capital and voting rights.

Following this exercise, there are 135,000 options outstanding including those under the Group's approved and unapproved option schemes of which all have vested but have not been exercised.

-Ends-

Enquiries to:

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

About R&Q

Randall & Quilter pursues a buy and build strategy and has created a comprehensive range of investment activities and services in the global non-life insurance market.

R&Q is focused on the following three core areas:

·      Insurance Investments

·      Insurance Services

·      Underwriting Management

The Group:

·      provides a range of services to both the live and legacy (re)insurance markets to support growing businesses and address complex and challenging run-off issues;

·      has a team of over 400 insurance professionals based in the UK, US, Bermuda, and Europe with wide service capability in both the 'live' and 'run-off' markets;

·      owns and manages a portfolio of insurance companies, both active and in run-off, in the UK, US and Europe with net assets of £116.3m as at 31 December 2014;

·      owns a US admitted carrier, A- rated by AM Best, with licenses throughout the US; owns a Bermuda Class 3A insurance company which currently supports the Group's syndicate participations;

·      launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a capacity of £150m for 2015, manages one RITC ('run-off') syndicate, 3330, and owns and operates 2 MGA business units;

·      acquires and manages a portfolio of insurance receivables, with a carrying cost of £10.6m as at 31 December 2014, of which R&Q holds a 50% interest 

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

Website: www.rqih.com

 

END

 

 

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