Director/PDMR shareholding

RNS Number : 7311J

Randall & Quilter Inv Hldgs Ltd

30 June 2017

 

Randall & Quilter Investment Holdings Ltd.

(the "Company")

Director/PDMR shareholding

Allotment of Shares

30 June 2017

Tom Booth, Group Chief Financial Officer of the Company has been allotted 245,132 ordinary shares of 2 pence each as recommended by the Remuneration and Nominations Committee and in accordance with his service contract.

In addition, the Company has issued a total of 36,404 new ordinary shares of 2 pence each to employees as part of their remuneration packages or share option plan. There remain 65,000 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 281,536 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8.00am on 5 July            2017.

Following the allotment to Mr Booth his total shareholding in the Company will be 1,431,326 shares which will represent 1.63% of the total issued share capital and voting rights.

As a result of these transactions the total issued share capital will therefore increase to 87,677,783 ordinary shares of 2 pence each. There are no shares in Treasury and the total voting rights will therefore be 87,677,783.

The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Thomas Booth
2	Reason for the notification
a)	Position/status	Group Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Randall & Quilter Investment Holdings Ltd.
b)	Legal Entity Identifier	2138006K1U38QCGLFC94
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each of the Company BMG7371X1065
b)	Nature of the transaction	Acquisition of ordinary shares of 2 pence each of the Company
c)	Currency	GBP
d)	Price(s) and volume(s)	Price	Volume
		2 pence	245,132 ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	245,132 ordinary shares 2p per share £4,902.64
f)	Date of the transaction	30 June 2017
g)	Place of the transaction	London Stock Exchange (LSE)

-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 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 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 £161m 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;

·   launched Syndicate 1991, which commenced underwriting from January 1, 2013 and has an agreed capacity of £127m for 2017, 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 £5.6m as at 31 December 2016

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

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

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