Director Dealings

RNS Number : 2185R

Randall & Quilter Inv Hldgs Ltd

23 October 2013

 



Randall & Quilter Investment Holdings Ltd

Director Dealings

23 October 2013

The Group has been notified that Paul McNamara, Non-Executive Director, sold 49,106 ordinary shares in the Group at a price of 168 pence per share today.

Following these transactions Mr McNamara holds 60,000 ordinary shares, which represents 0.08% of the Group's issued share capital (excluding shares held by the Employee Benefit Trust (the "EBT") which has waived its voting rights).

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Enquiries to:

Randall & Quilter Investment Holdings Ltd                                www.rqih.com

Tom Booth                                                                          Tel: [phone]

Numis Securities Limited

Stuart Skinner (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 14 insurance companies and captives in run-off (from the UK, US and Continental Europe) with net assets of c.£96.4m as at 30 June 2013

·     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 £76m 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. £8.9m as at 30 June 2013;

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

 

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