PDMR Shareholding

RNS Number : 1482D

Randall & Quilter Inv Hldgs Ltd

08 October 2018

 

 

Randall & Quilter Investment Holdings Ltd.

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

PDMR Shareholding/Total Voting Rights

Allotment of Shares

8 October 2018

The Company has issued a total of 83,905 new ordinary shares of 2 pence each to Todd Campbell, Chief Executive Officer and President of Accredited (US) in accordance with his service contract. In addition, the Company has issued 9,661 new ordinary shares to an employee, also in accordance with their service contract.

Application has been made to the London Stock Exchange for the admission of the 93,566 new ordinary shares to trading on AIM. Admission of the new shares is expected to take place at 8.00am on 9 October 2018.

As a result of this transaction the total issued share capital will therefore increase to 125,984,280[    ordinary shares of 2 pence each. There are no shares held in Treasury and the total voting rights will therefore be 125,984,280

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	Todd Campbell
2	Reason for the notification
a)	Position/status	Chief Executive Officer, Accredited
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	83,905 ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	83,905 ordinary shares 2p per share £1,678.10
f)	Date of the transaction	4 October 2018
g)	Place of the transaction	London Stock Exchange (LSE)

-Ends-

Randall & Quilter Investment Holdings Ltd. Ken Randall Tel: [phone] Numis Securities Limited (Nominated Adviser) Stuart Skinner Tel: [phone] Charles Farquhar 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 

The overall mission of the Bermuda based Group is to:

·      generate profits and capital extractions from expert management of legacy non-life insurance acquisitions/ reinsurances, including in Lloyd's; and 

·      grow commission income from its licensed (and rated) carriers in the US and EU/UK, writing niche and profitable programme business, largely on behalf of highly rated reinsurers.

Our aim is to continue to grow sustainable profit streams to support our business model and increase book value and cash distributions to shareholders. 

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

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

END

 

 

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