Unsecured floating rate notes

RNS Number : 0222U

Randall & Quilter Inv Hldgs Ltd

30 March 2021

 

30 March 2021

Randall & Quilter Investment Holdings Ltd.

$70 million senior unsecured floating rate notes due 2028 (the "Notes")

Notice of passing of a Written Resolution

Randall & Quilter Investment Holdings Ltd. (the "Issuer") announces that the written Noteholders' resolution put to the Noteholders on 24 March 2021 (the "Resolution") has been passed by the requisite majority.  The Issuer and Deutsche Trustee Company Limited, the trustee of the Notes (the "Trustee") have executed the required legal documentation and the changes to terms and conditions applicable to the Notes proposed in the Resolution have become effective from today's date.

The information in this notice has been provided by the Issuer. The Trustee expressly bears no liability whatsoever related to such information.

-Ends-

Randall & Quilter Investment Holdings Ltd. Ken Randall William Spiegel Tel: [phone] Tel: [phone] Numis Securities Limited (Nominated Adviser) Stuart Skinner Tel: [phone] Charles Farquhar Tel: [phone] Barclays Bank PLC ( Joint Corporate Broker) Mark Astaire  Tel: [phone] Milan Solanki       FTI Consulting  Edward Berry Tom Blackwell Tel: [phone]

Notes to Editors:

About R&Q 

R&Q is a non-life global specialty 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 secular growth opportunities. 

Legacy Insurance generates profits and capital extractions from expert management of legacy non-life insurance portfolios. Program Management generates commission income from its licensed (and rated) carriers in the US, EU and the UK, writing niche and profitable program business, largely on behalf of highly rated reinsurers.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

END

 

 

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