Director/PDMR Shareholding

RNS Number : 3929W

Randall & Quilter Inv Hldgs Ltd

26 April 2016

 

Randall & Quilter Investment Holdings Ltd.

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

Director/PDMR shareholding

Allotment of Shares

26 April 2016

Tom Booth, Group Chief Financial Officer of the Company has been allotted 213,117 ordinary shares of 2p each as recommended by the Remuneration and Nominations Committee and in accordance with his service contract.

In addition, the Company has issued 20,000 new ordinary shares of 2p each to an employee following the exercise of options granted in 2015. There remain 95,000 unapproved options outstanding, all of which have vested but have not been exercised.

Application has been made to the London Stock Exchange for the admission of 233,117 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8.00am on 3 May 2016.

Following the allotment to Mr Booth his total shareholding in the Company will be 1,143,459 shares which will represent 1.59% of the total issued share capital and voting rights.

As a result of these transactions the total issued share capital will therefore increase to 72,067,956. There are no shares in Treasury and the total voting rights will therefore be 72,067,956.

-Ends-

Enquiries to:

Randall & Quilter Investment Holdings Ltd.	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]
FTI Consulting
Edward Berry/Tom Blackwell	Tel: [phone]

Notes to Editors:

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;

·     employs close to 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 £123.7m as at 31 December 2016;

·     owns an admitted P&C Insurer, 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 and has an agreed capacity of £130m for 2016, manages one RITC ('run-off') syndicate, 3330, and owns and operates an MGA platform;

·     acquires and manages a portfolio of insurance receivables, with a carrying cost of £6.0m as at 31 December 2016, 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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