PDMR/Director Shareholding and Total Voting Rights

RNS Number : 5124M

R&Q Insurance Holdings Ltd

12 January 2023

 

R&Q Insurance Holdings Ltd

("R&Q" or the "Company")

PDMR/Director Shareholding and Total Voting Rights

R&Q announces that the 5,178,524 restricted ordinary shares of 2p each ("Ordinary Shares") awarded to William Spiegel in January 2020 in accordance with his renumeration package, together with 235,387 Ordinary Shares, issued as part of the Company's bonus share distribution of 1 share for every 22 held in July 2020, vested on 10 January 2023. To fund tax liabilities arising from the vesting William Spiegel has sold 2,822,371 Ordinary Shares which, in accordance with the share award agreement, have been purchased by the Company to be held in Treasury.

Director Dealing

Name of Director	Total Restricted Ordinary Shares Vested	Total Ordinary Shares Sold	Total Ordinary Shares Retained	Total R&Q Ordinary Shares now held	% of voting rights
William Spiegel	5,413,911	2,822,371	2,591,540	2,746,207	0.73%

Total Voting Rights

As a result of this transaction the total issued share capital will remain 377,395,235 Ordinary Shares. Of which 2,822,371 Ordinary Shares are now held in Treasury. Therefore, the total number of voting rights will be 374,572,864 and may be used by Shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Enquiries to:

R&Q Insurance Holdings Ltd William Spiegel Tel: [phone] Tom Solomon  Tel: [phone] Numis Securities Limited   (Nominated Advisor and Joint Broker) Giles Rolls  Tel: [phone] Charles Farquhar  Barclays Bank PLC   (Joint Broker) Andrew Tusa Richard Bassingthwaighte Tel: [phone] Tel: [phone] FTI Consulting Tom Blackwell Tel: [phone]

  Notes to Editors:

About R&Q 

R&Q is a global non-life specialty insurance company. We operate two core, highly complementary, businesses: Program Management and Legacy Insurance. Both these businesses are leaders in their respective markets.

Our approach is to deploy our origination and underwriting capabilities, alongside our licensed and rated carriers in the US, EU and the UK, to generate attractive fee returns in Program Management and Legacy Insurance.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibility / person closely associated
a)	Name	William Spiegel
2	Reason for the notification
a)	Position/status	PDMR (Executive Director)
b)	Initial notification/amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	R&Q Insurance Holdings Ltd

b)

LEI

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	Ordinary shares of 2 pence each of the Company
	Identification code	Ordinary share ISIN: BMG7371X1065
b)	Nature of transaction	1. Vesting of 5,413,911 restricted ordinary shares 2.Sale of 2,822,371 ordinary shares
c)	Price(s) and volume(s)	Price(s)	Volume(s)
		1  Nil	5,413,911 Ordinary Shares nil consideration
		2  £0.678	Sale of 2,822,371 shares for a total consideration of £1,913,567.24
d)	Aggregated information
	Aggregated volume	As above
	Price	As above
e)	Date of transaction	10 January 2023
f)	Place of transaction	Outside of trading location

 

END

 

 

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