R&Q commences trading on OTCQX market in the US

RNS Number : 9782X

Randall & Quilter Inv Hldgs Ltd

11 January 2022

 

Randall & Quilter Investment Holdings Ltd.

R&Q commences trading on OTCQX market in the United States

11 January 2022

Randall & Quilter Investment Holdings Ltd, (AIM-RQIH) ("R&Q"), the leading non-life global specialty insurance company focusing on program management and legacy insurance businesses, is pleased to announce that trading in the Company's Ordinary Shares will begin today on the OTCQX Best Market, a US trading platform that is operated by OTC Markets Group, under the ticker symbol "RQIHF". The Company's Ordinary Shares will continue to trade on the LSE AIM under the ticker symbol "RQIH".

The OTCQX Best Market is the highest tier of the OTC Markets Group and a market venue for international companies to improve visibility and tradability for investors outside of their home market. OTCQX supports more transparent quotation and trading of R&Q Ordinary Shares in US Dollars during US trading hours, allowing easier access for investors who prefer securities that trade domestically in US Dollars. Cross-trading on the OTCQX is expected to widen R&Q's investor base and support liquidity on the LSE AIM.

Further information can be found at www.otcmarkets.com/learn/market-101

This action is not a capital raise, no new Ordinary Shares will be issued, and R&Q will continue to trade on the LSE under the ticker symbol "RQIH". 

William Spiegel , Executive Chairman of R&Q, commented: "I am pleased that R&Q has qualified to trade on the OTCQX Best Market. Trading on OTCQX will complement our AIM listing and provides the business with exposure to a wider audience of investors."

"We are delighted to welcome Randall & Quilter to the OTCQX Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group, "OTCQX will provide Randall & Quilter, which is quoted on AIM, a more efficient trading experience to an expanded US investor base and better access to global liquidity by cross-trading on a premium, regulated US public market. Congratulations to the company on qualifying for OTCQX."

Ends

Enquiries to: Randall & Quilter Investment Holdings Ltd William Spiegel Tel: [phone] Thomas Solomon Tel: [phone] Numis Securities Limited (Nominated Advisor and Joint Broker) Stuart Skinner / Giles Rolls  Tel: [phone] Charles Farquhar  Barclays Bank PLC (Joint Broker) Milan Solanki Mark Astaire Tel: [phone] Tel: [phone] Tel: [phone] FTI Consulting Tom Blackwell Tel: [phone] Shipra Khanna  Tel: [phone]

Notes to Editors:

About R&Q 

R&Q is a non-life global speciality insurance company operating two core, highly complementary, businesses: Program Management and Legacy Insurance. Both these businesses are leaders in markets with high barriers to entry and significant growth opportunities. Legacy Insurance generates profits and capital extractions from expert management of legacy no-life insurance portfolios. Program Management generates commission income from its licensed (and rated) carriers in the US, EU and the UK, writing niches and profitable program business, largely on behalf of highly rated reinsurers.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

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