Director Dealings

RNS Number : 7983D

Randall & Quilter Inv Hldgs PLC

02 May 2013

 



RANDALL & QUILTER INVESTMENT HOLDINGS PLC

("Randall & Quilter")

Director Dealings

2 May 2013

The Group has been notified that on 1 May 2013 Alan Quilter, Group Chief Operating Officer, bought 200,000 ordinary shares in the Group at a price of 135.5 pence per share.

Following this transaction Mr Quilter holds 4,246,456 ordinary shares, which represents 8.55% per cent of the Group's issued share capital (excluding shares held by the Employee Benefit Trust (the "EBT") which has waived its voting rights).  The Group has been informed by Mr Quilter that following the settlement of the transaction, it is his intention to gift the shares to his four adult children in due course.

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Enquiries to:

Randall & Quilter Investment Holdings plc	www.rqih.com
Tom Booth	Tel: [phone]
Numis Securities Limited
Stuart Skinner/Robert Bruce (Nominated Adviser)	Tel: [phone]
Charles Farquhar (Broker)	Tel: [phone]

Notes to Editors:

Since formation, Randall & Quilter has pursued a buy and build strategy to create a comprehensive range of investment activities and services in the global non-life insurance market and is focused on the following three core areas:

·      Insurance Investments;

·      Insurance Services; and

·      Underwriting Management

The Group:

·      has a team of up to 400 insurance professionals based in the UK, USA, Bermuda, and Continental Europe with wide service capability in both the 'live' and 'run-off' market;

·      has a current portfolio of 12 insurance companies in run-off (from the UK, US and Continental Europe) with net assets of c.£91.3m as at 31 December 2012

·      owns a Bermuda Class 3A insurance company which currently supports the Group's four syndicate participations;

·      has launched Syndicate 1991 which commenced underwriting from January 1, 2013 with a Capacity of £77m for 2013, provides 'turnkey' management services to Lloyd's syndicate 1897, manages two RITC ('run-off') syndicates and owns and operates 3 MGA business units; and

·      acquires and manages a portfolio of insurance receivables, with a carrying cost of c.£6.5m as at 31 December 2012.

The Group was founded by Ken Randall, Executive Chairman and Chief Executive, and Alan Quilter, Chief Operating Officer.

 

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