Movement of Shares into Treasury

RNS Number : 7929O

Randall & Quilter Inv Hldgs Ltd

11 August 2014

 



Randall & Quilter Investment Holdings Ltd. (the "Company")

Movement of Shares into Treasury

11 August 2014

In accordance with rule 17 of the AIM Rules RQIH announces that on 15 July 2014 it purchased Depositary Receipts ("DRs") representing 230,000 Ordinary shares of 2p each to be held in treasury.  The transfers were registered on 4 August 2014.

Following this transaction the Company holds DRs representing 230,000 Ordinary shares of 2p each in treasury.  The Company's Employee Benefit Trust holds DRs representing 68,338 Ordinary shares of 2p each, which shares are deemed to be held in treasury, having waived their voting rights.

At the date of this announcement the Company has in issue 71,776,080 Ordinary shares of 2p each, of which 298,338 Ordinary shares of 2p each are held in treasury or deemed to be held in treasury.  The total number of voting rights in issue is therefore 71,477,742 Ordinary shares of 2p each.

-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]

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;

·      has a team of over 350 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 £116m as at 31 December 2013;

·      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 2014, manages one RITC ('run-off') syndicate, 3330, and owns and operates 3 MGA business units;

·      acquires and manages a portfolio of insurance receivables, with a carrying cost of £16m as at 31 December 2013.

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

Website: www.rqih.com

 

END

 

 

MSCQKDDBDBKDKFD