Issue of Equity

RNS Number : 5132X

Randall & Quilter Inv Hldgs PLC

07 December 2010

 



Date:  7 December 2010

On behalf of:  Randall & Quilter Investment Holdings plc ("Randall & Quilter" or the "Company")

Issue of New Shares

The Company announces the following change to its shares in issue:

- The issue of 794,500 fully paid ordinary shares of 2 6/91p each, pursuant to the exercise of employee options at 90.85p per share.

The new shares will rank pari passu with all existing ordinary shares, and trading of the said shares on AIM is expected to commence on 13 December 2010. This brings the total shares in issue to 54,923,002.

-ends-

Enquiries to:

Randall & Quilter Investment Holdings plc

(www.rqih.co.uk)

Tom Booth

Tel: [phone]

Numis Securities Limited

Stuart Skinner (Nominated Advisor)

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.£74m as at 30 June 2010;

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

-    a team of approximately 315 insurance professionals based in the UK, USA, Canada and Bermuda.

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Group Finance Director 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.

 

END

 

 

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