Share Repurchase Programme

RNS Number : 1791G

Randall & Quilter Inv Hldgs Ltd

16 March 2020

 

 

16 March 2020

Randall & Quilter Investment Holdings Ltd.

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

Share Repurchase Programme

Randall and Quilter Investment Holdings Ltd. (the "Group" or "Company") announces that from today until 27 April 2020 it will commence a programme to purchase up to £2 million of the Company's ordinary shares of 2 pence each (the "Ordinary Shares") (the "Programme").

The Programme will be funded by the Company's cash reserves. Any shares repurchased by the Company will be held in treasury. 

The Programme will be conducted by the Company in accordance with the Bermuda Companies Act 1981 and has been authorised by the Board.

In compliance with the Market Abuse Regulation 596/2014 (the "Market Abuse Regulation"), the Company has entered into an irrevocable and non-discretionary agreement with Numis Securities Ltd to complete the Programme.

Any share repurchases under the Programme will be effected within certain pre-set parameters, and in accordance with the Market Abuse Regulation and the Commission Delegated Regulation (EU) 2016/1052.

The Programme will be conducted by Numis Securities Ltd.

Enquiries to:

Randall & Quilter Investment Holdings Ltd. Ken Randall Tel: + 44 (0) 207 780 5945 Numis Securities Limited (Nominated Adviser) Stuart Skinner Tel: [phone] Charles Farquhar Tel: [phone] Shore Capital Stockbrokers Limited Stephane Auton/James Thomas 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 program 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

 

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