Director/PDMR Shareholding

RNS Number : 2160U

Randall & Quilter Inv Hldgs Ltd

27 July 2020

 

 

Randall & Quilter Investment Holdings Ltd.

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

PDMR Shareholding

27 July 2020

Following the Company's bonus share distribution for the 2019 financial year, the Company has been notified of the following changes to PDMR shareholdings:

Kenneth Randall received 519,463 new ordinary shares. His total holding is therefore 11,447,649 ordinary shares representing 5.14% of the Company's issued share capital and 5.14% of the total voting rights.

Alan Quilter received 136,003 new ordinary shares. His total holding is therefore 3,128,091 ordinary shares representing 1.41% of the Company's issued share capital and 1.40% of the total voting rights.

William Spiegel received 235,387 new ordinary shares. His total holding is therefore 5,413,911 ordinary shares representing 2.43% of the Company's issued share capital and 2.43% of the total voting rights. William's shares are restricted ordinary shares which will, subject to certain conditions, become unrestricted on 10 January 2023.

Todd Campbell received 7,194 new ordinary shares. His total holding is therefore 179,062 ordinary shares representing 0.08% of the Company's issued share capital and 0.08% of the total voting rights.

The Company hereby provides the following notification, made in accordance with the requirements of the EU Market Abuse Regulation.

Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Kenneth Randall
2	Reason for the notification
a)	Position/status	Executive Director and Group Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Randall & Quilter Investment Holdings Ltd.
b)	Legal Entity Identifier	2138006K1U38QCGLFC94
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each of the Company BMG7371X1065
b)	Nature of the transaction	Bonus Share Distribution of 1 ordinary share for every 22 approved on 9 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price	Volume
		N/A	519,463 ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	519,463 ordinary shares N/A N/A
f)	Date of the transaction	15 July 2020
g)	Place of the transaction	Outside of a trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Alan Quilter
2	Reason for the notification
a)	Position/status	Chief Executive Office and Chief Financial Officer
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Randall & Quilter Investment Holdings Ltd.
b)	Legal Entity Identifier	2138006K1U38QCGLFC94
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each of the Company BMG7371X1065
b)	Nature of the transaction	Bonus Share Distribution of 1 ordinary share for every 22 approved on 9 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price	Volume
		N/A	136,003 ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	136,003 ordinary shares N/A N/A
f)	Date of the transaction	15 July 2020
g)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	William Spiegel
2	Reason for the notification
a)	Position/status	Deputy Executive Chairman
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Randall & Quilter Investment Holdings Ltd.
b)	Legal Entity Identifier	2138006K1U38QCGLFC94
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each of the Company BMG7371X1065
b)	Nature of the transaction	Bonus Share Distribution of 1 ordinary share for every 22 approved on 9 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price	Volume
		N/A	235,387 ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	235,387 ordinary shares N/A N/A
f)	Date of the transaction	15 July 2020
g)	Place of the transaction	Outside of trading venue

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Todd Campbell
2	Reason for the notification
a)	Position/status	President & Chief Executive Officer, Accredited Surety and Casualty, Inc.
b)	Initial notification /Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Randall & Quilter Investment Holdings Ltd.
b)	Legal Entity Identifier	2138006K1U38QCGLFC94
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each of the Company BMG7371X1065
b)	Nature of the transaction	Bonus Share Distribution of 1 ordinary share for every 22 approved on 9 July 2020
c)	Currency	GBP
d)	Price(s) and volume(s)	Price	Volume
		N/A	8,103 ordinary shares
e)	Aggregated information - Aggregated volume - Price - Aggregated total	8,103 ordinary shares N/A N/A
f)	Date of the transaction	15 July 2020
g)	Place of the transaction	Outside of trading venue

-Ends-

Randall & Quilter Investment Holdings Ltd. Ken Randall William Spiegel Tel: [phone] Tel: [phone] Numis Securities Limited (Nominated Adviser) Stuart Skinner / Huw Jeremy 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 

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.

For the financial year ended 31 December 2019 R&Q reported pre-tax profits of over £40 million.

Legal Entity Identifier (LEI): 2138006K1U38QCGLFC94

Website: www.rqih.com

 

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